Q3 statistics for Bajaj Housing Finance show a 25% increase in net profit to ₹548 crore and a 26% YoY increase in NII.
As the NBFC lender’s net interest revenue increased by about 26% year over year, Bajaj Housing Finance reported a 25% increase in its net profit
For the quarter that ended December 31, 2024. Ahead of the results day, shares fell to their lowest level in 52 weeks.
Bajaj Housing Finance Q3 results: On Monday, January 27, Bajaj Housing Finance Ltd. released its October to December quarter results.
The company reported a 25% increase in net profits for the third quarter of the fiscal year 2024–25, coming in at ₹548.02 crore, up from ₹436.97 crore in the same quarter the year before.
Q3 result details
Net interest income (NII) for the October–December quarter of the Non-banking Financial Services (NBFC) company increased 25.8% to ₹2,321.9 crore from ₹1,845.47 crore during the same time last year.
Compared to the same period last year, when the non-banking lender’s total expenses were ₹1,374 crore, they climbed 26% to ₹1,736 crore for the quarter that ended December 31, 2024.
Bajaj Housing Finance stock tumbles 6% as 3-month IPO lock-in period ends today
In the same quarter last year, the NBFC’s total assets under management (AUM) increased 26% to ₹1.08 lakh crore from ₹85,929 crore.
The firm’s Debt-equity ratio dropped to 4.09 in the October to December quarter, compared to 5.37 in the same quarter a year ago. The decline of the debt-equity ratio suggests that the non-banking lender depends less on debt financing and more on equity financing for its company. This is often considered as a positive sign for a lender.
Bajaj Housing Finance Share Price
Bajaj Housing Finance Ltd’s shares finished 3.02 per cent lower at ₹105.85 after Monday’s trading session, compared to ₹109.15 at the previous market close. The firm announced the third quarter results following stock market operation hours on January 27.
On September 18, 2024, shares of the NBFC major reached their 52-week high of ₹188.45, and on January 27, 2025, they reached their 52-week low of ₹104.80.
Shares of Bajaj Housing Finance have dropped 36.12% over the past year, and they are currently down 17.06% year-to-date (YTD) despite a small recovery that saw the company close just above the year’s low.
