Bajaj Housing Finance on Monday reported a 21 p.c year-on-year (YoY) enter its net earnings to Rs 546 crore for the Q2 FY25, in comparison with Rs 451 crore a 12 months again. This is the preliminary quarterly incomes after the Initial Public Offering.
Bajaj Housing Finance elevated Rs 6,560 crore in September 2024 by way of the Initial Public Offering, oversubscribed 64 instances and accumulating Rs 3.24 lakh crore.
Its net ardour income for the July-September quarter expanded by 13 p.c YoY to Rs 713 crore, it claimed in a inventory market declaring. Assets below monitoring (AUM) rose by 26 p.c, attending to Rs 1.03 lakh crore since 30 September 2024, contrasted to Rs 81,215 crore in the exact same period in 2015.
However, the net earnings margin a bit of decreased to 22.64 p.c from 23.6 p.c a 12 months beforehand. Similarly, the enterprise’s gross non-performing properties (NPA) climbed to 0.29 p.c from 0.24 p.c, whereas net NPA raised to 0.12 p.c from 0.09 p.c. The stipulation insurance coverage protection proportion (PCR) stood at 57.87 p.c, beneath 60.79 p.c a 12 months again.
