Bajaj Housing Finance Q2: Bajaj Housing Finance has released its quarterly results for the first time after the IPO. The company has announced the results of the second quarter of the current financial year. According to the information given in the exchange, the company said that its profits and earnings have increased.

The company's profit has increased from Rs 451.1 crore to Rs 545.6 crore. Talking about the company's earnings, it has also increased from Rs 1911.5 crore to Rs 2410.2 crore annually.

Earlier in September 2024, Bajaj Housing Finance had raised Rs 6,560 crore from its public issue, which received 64 times oversubscription, totaling Rs 3.24 lakh crore. Looking at the rest of the figures, the interest income of the non-banking finance company (NBFC) for the July-September quarter has increased by 13 per cent year-on-year to Rs 713 crore. According to the stock exchange, assets under management (AUM) increased by 26 per cent. It reached Rs 1.03 lakh crore as of 30 September 2024, while it was Rs 81,215 crore in the same period last year. Net profit margin declined marginally to 22.64 per cent from 23.6 per cent a year ago. Similarly, the company's gross NPAs rose to 0.29 per cent from 0.24 per cent, while net NPAs rose to 0.12 per cent from 0.09 per cent. Provision coverage ratio (PCR) declined to 57.87 per cent from 60.79 per cent a year ago. Bajaj Housing Finance's capital availability ratio improved significantly, rising to 28.98 per cent from 22.64 per cent last year, indicating strong capital reserves post the IPO. Despite these gains, annual return on assets declined to 2.5 per cent from 2.6 per cent, and annual return on equity fell to 13 per cent from 16.1 per cent.