Bajaj Housing Finance Q2 FY25 Results: Net profit jumps 21%, interest income up 25%

Bajaj Housing Finance connected Monday reported a 21 per cent maturation successful nett net to Rs 546 crore successful the September quarter.

The lodging concern institution had recorded a nett net of Rs 451 crore successful the aforesaid 4th a twelvemonth ago.

This is the archetypal quarterly fig aft the company's listing past period connected banal exchanges.

Total income accrued to Rs 2,410 crore during the 4th nether reappraisal from Rs 1,912 crore a twelvemonth earlier, Bajaj Housing Finance said successful a regulatory filing.

The institution earned an involvement income of Rs 2,227 crore during the quarter, compared to Rs 1,782 crore successful the aforesaid play a twelvemonth ago.

Asset prime of the institution worsened with gross non-performing assets declining to 0.29 per cent of the gross loans by the extremity of September 2024 from 0.24 per cent a twelvemonth ago.

Similarly, nett NPAs, oregon atrocious loans, besides accrued to 0.12 per cent from 0.09 per cent astatine the extremity of the 2nd 4th of the erstwhile fiscal year.

Capital adequacy ratio (including Tier-II capita l) arsenic of September 30, 2024 was 28.98 per cent, it said.

The institution has made an Initial Public Offer (IPO), during the play ended September 30, 2024 for 93,71.42,856 equity shares of Rs 10 each comprising a caller contented of 50,85,71.428 equity shares and 42,85,71.428 equity shares offered for merchantability by selling shareholders, it said.

The equity shares were issued astatine a terms of Rs 70 per equity stock including a stock premium of Rs 60 per equity share, it said.