Bajaj Housing Finance Limited (BHFL) reported solid financial performance for Q2 FY25, demonstrating stable asset quality and robust loan growth. The company’s gross non-performing assets (GNPA) stood at 0.29%, and net non-performing assets (Net NPA) at 0.12%, reflecting steady asset management compared to the previous quarter.
Key Financial Highlights:
- Assets Under Management (AUM): BHFL’s AUM surged by 26% year-on-year (YoY) to ₹1,02,569 crore as of September 30, 2024, compared to ₹81,215 crore in the same period last year.
- Net Interest Income (NII): NII grew by 13% YoY to ₹713 crore, up from ₹632 crore in Q2 FY24, driven by higher loan growth.
- Total Income: Total income rose by 25% to ₹2,227 crore from ₹1,782 crore in Q2 FY24, while interest expenses increased by 32% to ₹1,514 crore due to a larger loan portfolio.
- Net Profit: Profit after tax for the quarter rose 21% YoY to ₹546 crore, compared to ₹451 crore last year, reflecting efficient cost management.
- Loan Book Growth: The company’s loan book expanded by 27% YoY to ₹89,878 crore, supported by strong demand in housing finance and mortgage sectors.
- Capital Adequacy: The capital adequacy ratio stood at 28.98%, well above the regulatory requirement.
As of 9:49 AM, the shares were trading 1.87% higher at ₹139.13 on the NSE, reflecting investor optimism following the company’s positive results for the quarter.
TOPICS:
Bajaj Housing Finance