Bajaj Housing Finance has reported a growth of 25.41 per cent in its net profit during the quarter ended December 31, 2024. Its profit after tax stood at Rs 548.02 crore in Q3 FY24 as against Rs 436.97 crore it recorded in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company's total income stood at Rs 2,448.98 crore in Q3 FY25, a growth of 25.83% from Rs 1,946.29 crore it recorded in the similar quarter last year.
As on December 31, 2024, the company's net worth stood at Rs 19,336.01, debt-equity ratio was 4.09, total debts to total assets was 0.80, gross non-performing assets (NPA) was 0.29%, net NPA was 0.13%, capital to risk-weighted assets ratio was 27.86% and liquidity coverage ratio was 179.06%.
The company's assets under management grew by 26% to Rs 1,08,314 crore as of December 31, 2024 from Rs 85,929 crore as of December 31, 2023, net interest income for Q3 FY25 increased by 25% to Rs 806 crore from Rs 645 crore in Q3 FY24.
Loan losses and provisions for Q3 FY25 was Rs 35 crore as against Rs 1 crore in Q3 FY24, annualised return on average assets for Q3 FY25 was 2.4% as against 2.4% in Q3 FY24.
