Bajaj Housing Finance Q2FY25 Results:Bajaj Housing Finance has released its second quarter (Q2 FY25) results, in which the company has performed well. The company’s net profit has increased by 21% to Rs 546 crore, which was Rs 451 crore in the same quarter last year. Along with this, an increase of 13% has also been recorded in the Net Interest Income (NII) of the company.
Increase in net profit and operational revenue
The company’s net profit has increased by 21% to Rs 546 crore in this quarter, whereas it was Rs 451 crore in the same quarter last year. The company’s operational revenue has also seen an increase of 26%, reaching Rs 2,410 crore, compared to Rs 1,911 crore in the same period last year.
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13% growth in net interest income (NII)
Net interest income (NII) of Bajaj Housing Finance has increased by 13% in this quarter. NII has reached Rs 713 crore, which was Rs 632 crore in the second quarter of last year. This shows good financial performance of the company.
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26% increase in assets under management (AUM)
There has also been a good increase in the assets under management (AUM) of the company. By September 2024, the company’s AUM has increased by 26% to Rs 1,02,569 crore, which was Rs 81,215 crore at the same time last year. This shows the company’s strong position and credibility in the market.
23% increase in PBT
Bajaj Housing Finance’s Profit Before Tax (PBT) has also increased by 23% to Rs 708 crore in this quarter, which was Rs 575 crore in the second quarter of last year.
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How was the level of NPA?
By September 2024, the company’s gross NPA stood at 0.29% and net NPA at 0.12%, which was 0.24% and 0.09% respectively in September 2023. The company has set aside Rs 5 crore for loan losses and provisions in this quarter, which was Rs 18 crore in the second quarter of last year. Overall, Bajaj Housing Finance has performed well in Q2FY25. Strong growth has been seen in the company’s net profit, NII, and AUM.