Bajaj Housing Finance Ltd reported robust growth for the quarter ended December 31, 2024, with its assets under management (AUM) rising by 26% year-on-year (YoY) to Rs 1,08,300 crore, compared to Rs 85,929 crore as of December 31, 2023.
The company saw significant quarterly growth, with AUM increasing by approximately Rs 5,730 crore in Q3 FY25. The loan assets also demonstrated strong growth, reaching approximately Rs 95,550 crore as of December 2024, up from Rs 73,197 crore a year ago.
Bajaj Housing Finance reported a 21% YoY increase in net profit at Rs 545.6 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Bajaj Housing Finance posted a net profit of Rs 451.1 crore.
The company's revenue from operations rose 21.1% to Rs 2,410 crore against Rs 1,911.5 crore in the year-ago period. In the second quarter that ended September, the company continued to have strong growth with AUM growth of 26%. Absolute AUM growth has been in the same range over the last two quarters.
The profit before tax (PBT) growth was 23%, while maintaining strong risk performance with gross non-performing assets (GNPA) at 0.29% and net NPA at 0.12%. Operating efficiencies also continued to improve and the opex (operating expenses) to net total income (NTI) ratio improved to 20.5% vs 22.1% in last year's Q2.
