Bajaj Housing Finance Q2 Results LIVE Updates: Net profit rises 21% to ₹546 crore, revenue at ₹2,410 crore

Assets under management (AUM) increased by 26 per cent to ₹1,02,569 crore as of September 30, 2024, up from ₹81,215 crore on September 30, 2023.

The company's net interest income (NII) for Q2 FY25 rose by 13%, reaching ₹713 crore compared to ₹632 crore in Q2 FY24.

The company reported a 26 per cent rise in its revenue from operations to ₹2,410 crore in Q2 FY25, as compared to ₹1,911.49 crore same period a year ago.

Bajaj Housing Finance, on Monday, posted a 21 per cent surge in its net profit to ₹545.60 crore for the quarter ending on September 30, 2024.

The shares of Bajaj Housing Finance closed 1.82 per cent lower on Monday's trading session at ₹136.80 per share ahead of the announcement.

Net interest margin (NIM) is likely to remain stable, with a slight drop of 1 basis point YoY to 3.43%. On a sequential basis, it is expected to improve by 2 basis points, as per Phillip Capital.

Analysts at Phillip Capital project Bajaj Housing Finance’s Q2 revenues at ₹8,564 crore, a 5.7% increase QoQ and a strong 29.2% rise YoY. The company’s asset under management (AUM) is expected to grow by over 25% on a yearly basis.

Bajaj Housing Finance Q2 Results LIVE: Bajaj Housing Finance share price traded lower ahead of the announcement of Q2 results today. Bajaj Housing Finance shares opened higher at ₹140.60 apiece on Monday and hit an intraday high of ₹141.90 on BSE. However, the stock witnessed selling pressure and dropped as much as 1.86% to ₹136.70 apiece.

Bajaj Housing Finance Q2 Results LIVE: Bajaj Housing Finance is expected to report a net profit of ₹492.7 crore in the September 2024 quarter, registering a growth of 9.2% from ₹451 crore in the year-ago period, according to estimates by Philip Capital. The company’s net profit is expected to rise by a modest 2% from ₹483 crore in the quarter ended June 2024.

Bajaj Housing Finance Q2 Results LIVE: The meeting of the Board of Directors of Bajaj Housing Finance will be held on Monday, 21 October 2024, inter alia, to consider and approve the unaudited standalone financial results of the Company for the quarter and half year ended 30 September 2024.

Bajaj Housing Finance Q2 Results LIVE: Bajaj Housing Finance Ltd, the recently listed home loans provider of Bajaj Group, is set to announce its earnings for the second quarter of FY25 today, October 21.