Bajaj Housing Finance Limited (BHFL) reported a strong financial performance for Q3 FY25, with net interest income (NII) rising 25% year-on-year (YoY) to ₹806 crore, compared to ₹645 crore in Q3 FY24. The profit after tax (PAT) also surged 25% YoY to ₹548 crore, up from ₹437 crore in the corresponding quarter last year.
Assets under management (AUM) grew by 26%, reaching ₹1,08,314 crore as of December 31, 2024, compared to ₹85,929 crore in December 2023. Net total income increased by 25% YoY to ₹933 crore, and operating expenses as a percentage of net total income reduced to 19.8%, down from 23.2% in Q3 FY24.
Loan losses and provisions for the quarter stood at ₹35 crore, significantly higher than ₹1 crore in Q3 FY24. Despite this, the company maintained robust asset quality, with gross NPA and net NPA as of December 31, 2024, at 0.29% and 0.13%, respectively.
BHFL continues to enjoy the highest credit ratings of AAA/Stable for its long-term debt programs and A1+ for its short-term debt. With a capital adequacy ratio of 27.86% as of December 31, 2024, the company remains well-capitalized to support its growth trajectory.
