Bajaj Housing Finance Limited (BHFL) has released its financial results for Q2 FY25, marking a robust performance across key financial metrics. The company reported a 21% year-on-year (YoY) increase in net profit, reaching ₹546 crore for the quarter ended 30th September 2024, compared to ₹451 crore in Q2 FY24.
Additionally, interest income surged by 25% YoY to ₹2,227 crore, as against ₹1,782 crore in the same period last year. This significant growth reflects the company’s strong asset base and improved loan disbursements.
Key Performance Highlights for Q2 FY25:
- Assets under management (AUM) grew by 26% to ₹1,02,569 crore as of 30th September 2024, up from ₹81,215 crore in the previous year.
- Loan assets expanded by 27% YoY to ₹89,878 crore compared to ₹70,954 crore as of 30th September 2023.
- Net interest income (NII) grew by 13% to ₹713 crore, compared to ₹632 crore in Q2 FY24.
- Net total income increased by 18% YoY to ₹897 crore, reflecting strong business momentum.
- Operating expenses saw a 10% YoY increase, amounting to ₹184 crore for Q2 FY25, compared to ₹168 crore in Q2 FY24.
- Pre-provisioning operating profit rose 20% YoY to ₹713 crore.
- Loan losses and provisions for Q2 FY25 were ₹5 crore, down from ₹18 crore in Q2 FY24, reflecting strong risk management practices.
- Gross NPA stood at 0.29%, while Net NPA was reported at 0.12%, both indicating sound asset quality.
- Return on assets (RoA) for Q2 FY25 stood at 2.5%, up from 2.6% in Q2 FY24.
- Return on equity (RoE) for Q2 FY25 was 13%, compared to 16% in the same quarter last year.
The company also successfully completed its initial public offering (IPO) during the quarter, issuing a total of 93,71,42,856 equity shares at ₹70 per share.
Bajaj Housing Finance continues to strengthen its financial position, with solid growth in assets under management, profitability, and overall financial health.
