Bajaj Housing Finance Q3 Results: Net Profit, NII Rise 25%

Bajaj Housing Finance Ltd. posted a rise of around 25% in its net profit and net interest income during the quarter ended December 2024.

The company's standalone net profit for the reporting quarter stood at Rs 548 crore, 25.4% higher as compared to Rs 437 crore in the year-ago period. The bottom line has met the consensus estimate of Rs 551.1 crore of the analysts tracked by Bloomberg.

The net interest income during the period rose to Rs 806 crore, up 24.9% as against Rs 645 crore in the corresponding quarter of the last fiscal.

• NII rose 24.9% to Rs 806 crore versus Rs 645 crore.

• Net profit rose 25.4% to Rs 548 crore versus Rs 437 crore.

In its operational update for the quarter released earlier this month, the non-banking financial company said its assets under management stood at around Rs 1.08 lakh crore as of Dec. 31, 2024, higher by 26% as against the year-ago period.

Bajaj Housing Finance’s loan assets stood at Rs 95,550 crore at the end of the December quarter, the company said. This marked a climb of 30.5% as against Rs 73,197 crore as of Dec. 31, 2023.

Before the financial results were declared on Monday, shares of Bajaj Housing Finance closed 3% lower at Rs 105.85 apiece on the BSE, compared to a 1.08% decline in the Sensex.