Bajaj Housing Finance Q2 Results: 18% growth in its net profit, asset quality stable

Shares of Bajaj Housing Finance ended little changed on Thursday, November 6, ahead of the release of the company's September quarter results. The results were reported after market hours on Thursday.

The company's net profit increased by 18% from last year to ₹643 crore from ₹545 crore, while revenue increased by 17.4% from last year to ₹2,614 crore from ₹2,227 crore.

Asset quality for the quarter remained stable. Gross NPA stood at 0.26% from 0.29% in the June quarter, while its Net NPA remained unchanged from the June quarter at 0.12%.

Loan losses and provisions increased to ₹50 crore from ₹5 crore last year, which includes a management overlay release of ₹25 crore.

In its quarterly business updated shared at the start of October, Bajaj Housing Finance had stated that its gross disbursements during the quarter had increased to ₹15,900 crore, compared to ₹12,014 crore during the same quarter last year.

Bajaj Housing's Assets Under Management (AUM) increased by 24% on a year-on-year basis to ₹1,26,740 crore, compared to ₹1,02,569 crore during the same quarter last year. AUM growth during the September quarter stood at ₹6,320 crore.

Loan assets during the quarter increased to ₹1,13,050 crore, compared to ₹89,878 crore during the base quarter in financial year 2025.

The street will await more clarity on Bajaj Housing Finance's core income, its asset quality trends, and its guidance for the full financial year.

Shares of Bajaj Housing Finance are trading 0.5% lower at ₹109 ahead of the results announcement. The stock is down 15% so far in 2025.

Bajaj Housing Finance was one of the most successful listings of 2024, listing at a premium of more than 100% compared to its issue price of ₹70 per share.

However, after making a post-listing high of over ₹180, the stock has corrected nearly 40% from those levels and is back near the ₹100 mark.