Bajaj Housing Finance Q2 Results Highlights: Net profit jumps 21% YoY to ₹545 crore; AUM crosses ₹1 lakh crore mark

• The total AUM crossed a new milestone of ₹1 lakh crore mark, growing from ₹81,215 crore from previous year similar quarter.
• The total AUM as of Q2FY25 comprises of Home loans (57%),Loans against Property (19.6%),Lease rental discounting (11.7%),Developer finance (9.8%) and others (1.7%).
• In Q2 FY25, disbursements were ₹ 12,014 Cr and remained in line with ₹ 12,154 Cr in Q2FY24 which was highest ever driven by few marquee transaction in commercial business

• Asset quality for the company remained strong as the GNPA & NNPA for the quarter stood at 0.29% & 0.12% for Q2FY25 compared to 0.24% and 0.12% in Q2FY24.
• Capital adequacy ratio (including Tier-II capita l) as of 30 September 2024 was 28.98%, significantly higher than the regulatory requirement of 15%.
• Assets under management grew by 26% to ₹1.02,569 crore froQ2FY25 as compared to ₹81,215 crore for Q2FY24.

• The company reported 13% YoY jump in th net interest income for the quarter at ₹713 crore as compared to ₹632 crore in previous year similar quarter.
• The net profit for the quarter jumped nearly 21% YoY ₹545 crore as compared to ₹451 crore for Q2FY24. On a sequential basis the net profit jumped 13% QoQ from ₹483 crore.

• Home loan
• Loan against property
• Lease rental discounting
• Developer finance

• Sanjiv Bajaj, Chairman
• Rajeev Jain, Vice Chairman
• Atul Jain, Managing Director
• Dr Arindam Kumar Bhattacharya, Independent Director
• Anami Narayan Roy, Independent Director
• Jasmine Chaney, Independent Director
• S M Narasimha Swamy, Independent Director

• Traded volume: 82.24 lakh
• Traded value: ₹114.40 crore
• Total market capitalisation: ₹1,14,353.78 crore
• Free float m-cap: ₹9,152.97 crore

• Current price: ₹138.5 (-0.59%)
• Previous close: ₹139.33
• Open: ₹140.74
• High: ₹142
• Low: ₹137.76

Notably, this is the first time the company is announcing its financial results after the IPO listing.

Bajaj Housing Finance Q2 Results: Shares trade below listing price

As of 10:50 am on Monday, the stock was trading at ₹138.77 apiece on the NSE, down 7.4% from its listing price.

Set up in 2008, Bajaj Housing Finance Ltd provides home loans, lease rental discounting, loans against property (LAP), and developer financing. The company serves individual homebuyers as well as large-scale developers.