Bajaj Housing Finance Reports 20.95% Net Profit Increase in Q2 FY25

Bajaj Housing Finance Limited (BHFL) has reported a commendable 20.95% increase in its net consolidated profit for the quarter ending September 30, 2024, reaching ₹545.60 crore compared to ₹451.11 crore in the same period last year. This growth reflects the company’s resilience and strategic initiatives in a competitive market.

Total consolidated income climbed 26.09% to ₹2,410.24 crore, driven by increased loan disbursements and a focus on customer-centric financial products. During this quarter, BHFL launched an initial public offering (IPO) of 93,71,42,856 equity shares at ₹10 each, comprising both fresh issues and shares from existing shareholders, aimed at strengthening its capital base. As of September 30, 2024, BHFL’s net worth stood at ₹18,771.56 crore, with a healthy debt-equity ratio of 3.97 and gross non-performing assets (NPAs) at a low 0.29%. The company’s assets under management grew by 26% to approximately ₹1,02,569 crore, and net interest income rose by 13% to ₹713 crore. This strong financial performance not only instills confidence among stakeholders but also underscores BHFL’s commitment to sustainable practices, responsible lending, and promoting affordable housing solutions, contributing positively to economic stability in communities. In a rapidly changing market landscape, BHFL’s strategic growth is seen not just as a financial success but as a crucial step towards promoting affordable housing solutions and economic stability in the communities it serves.