Bajaj Housing Finance on Monday announced a 21% rise in net profit for the quarter ended September 2024 to $546 crore, compared to Rs. $451 crore in the same period last year. This is the company’s first earnings report since its recent initial public offering.
Bajaj Housing Finance’s stock performance post IPO in September 2024 has pushed the company’s market capitalization to approx. $140 Crores. The stock surged a whopping 136% on its debut, effectively doubling investors’ capital, and has continued its upward trend post-market.
Shares of Bajaj Housing Finance fell nearly 2% on October 21, closing at $Just before the financial results were announced, the NSE share price was trading at 136.8. The stock has given up its gains since listing and has retreated from its highs $188.5, the current market value is $114 Crores.
Here are five key takeaways from Bajaj Housing Finance’s Q2 results:
net profit
Profit after tax (PAT) of NBFCs jumps 21% to $546 crore, compared to Rs. $451 crore in the same period last year. At the same time, pre-tax profit in the second quarter of fiscal 2025 increased by 23% to $708 Crores $575 crore in Q2 FY24.
income
Operating income for the reported quarter reached $24.1 billion rupees, an increase of 26% over the previous year $Revenue in the same quarter of the previous fiscal year was Rs 1,911 crore.
so
The company’s net interest income (NII) in the second quarter of fiscal 2025 grew 13% to $713 Crores Rs. $632 crore in Q2 FY24. Total net revenue in the second quarter of fiscal 2025 grew 18% to $897 Crores Rs. $761 crore in Q2 FY24.
AUM
Assets under management (AUM) grew 26% $1,02,569 crore as on September 30, 2024, higher than $81,215 crore as on September 30, 2023.
National Policy Bureau
Gross and net NPAs were 0.29% and 0.12% respectively as on September 30, 2024 and 0.24% and 0.09% as on September 30.
