Bajaj Housing Finance Q3 Results: Profit Jumps 25% YoY to Rs 548 Crore
Bajaj Housing Finance, a leading non-deposit-taking housing finance company, has reported a robust 25% year-on-year (YoY) increase in net profit for the third quarter of fiscal year 2025. The company's net profit rose to Rs 548 crore, up from Rs 437 crore in the same period last year.
Key Financial Highlights
- Total Income: Increased by 25% to Rs 933 crore from Rs 746 crore.
- Net Interest Margin (NIM): Slightly reduced to 4% from 4.1% in the year-ago period.
- Operating Efficiency: Improved significantly, with operating expenses to net total income ratio declining to 19.8% from 23.2%.
- Assets Under Management (AUM): Grew by 26% YoY to Rs 1.08 lakh crore.
- Gross Non-Performing Assets (GNPA): Remained strong at 0.29% of AUM.
Operational Performance
Bajaj Housing Finance, which is 88.75% owned by Bajaj Finance, demonstrated strong operational efficiency during the quarter. The reduction in operating expenses reflects the company's focus on cost optimization and streamlined operations. Additionally, the growth in AUM highlights its expanding market presence and ability to attract borrowers.
Outlook
With a solid financial performance and a strong balance sheet, Bajaj Housing Finance is well-positioned to capitalize on the growing demand for housing finance in India. The company's consistent focus on maintaining asset quality and improving operational efficiency bodes well for its future growth prospects.
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