Godrej Housing Finance Limited has announced its financial results for the third quarter of FY25, reporting a 28.8% year-on-year (YoY) growth in total income but a decline in net profit for the quarter ended December 31, 2024.
Financial Highlights (₹ in lakh)
| Particulars | Q3 FY25 (Dec 31, 2024) | Q2 FY25 (Sep 30, 2024) | Q3 FY24 (Dec 31, 2023) | YoY Change (%) |
|---|---|---|---|---|
| Revenue from Operations | 16,163.82 | 15,241.26 | 12,542.71 | 28.8% ↑ |
| Finance Costs | 12,286.39 | 11,435.68 | 8,303.53 | 48% ↑ |
| Total Expenses | 14,908.26 | 13,824.51 | 10,745.30 | 38.7% ↑ |
| Profit Before Tax (PBT) | 1,255.56 | 1,416.75 | 1,797.41 | -30.1% ↓ |
| Net Profit | 1,255.56 | 1,416.75 | 1,797.41 | -30.1% ↓ |
Key Insights
- Revenue Growth: Revenue from operations increased to ₹16,163.82 lakh, up 28.8% YoY from ₹12,542.71 lakh in Q3 FY24. This was primarily driven by higher interest income, which stood at ₹15,346.01 lakh.
- Rising Finance Costs: The company’s finance costs rose 48% YoY to ₹12,286.39 lakh due to increased borrowing expenses and higher cost of funds.
- Profit Decline: Despite revenue growth, net profit fell 30.1% YoY to ₹1,255.56 lakh, primarily due to rising finance costs and impairments on financial instruments.
- Asset Quality: Impairment on financial instruments increased to ₹121.28 lakh, compared to ₹77.68 lakh in Q3 FY24, signaling an increase in provisioning.
Nine-Month Performance (April–December 2024)
For the nine months ended December 31, 2024, the company reported:
- Revenue from operations: ₹44,558.77 lakh (24% YoY increase)
- Net profit: ₹3,378.67 lakh (-46% YoY decline)
- Total expenses: ₹41,180.10 lakh (39% YoY increase)
Conclusion
Godrej Housing Finance Limited continues to experience strong revenue growth, supported by higher interest income. However, rising finance costs and increased provisions have impacted profitability. The company’s focus in the coming quarters will likely be on cost control and risk management to improve its bottom line.
