Bajaj Housing Finance Q3 Results: PAT rises 25% YoY to Rs 548 crore, NII up 25%

Bajaj Housing Finance on Monday reported 25% year-on-year (YoY) growth in its profit after tax (PAT) to Rs 548 crore in the third quarter, while net interest income rose 25% YoY to Rs 806 crore.

The net total income for the third quarter increased 25% YoY to Rs 933 crore and the interest income rose 26% YoY to Rs 2,322 crore. Interest expenses, on the other hand, increased 26% YoY to Rs 1516 crore.

Operating Expenses to net total income for Q3FY25 was at 19.8% as against 23.2% in Q3FY24. Loan assets during the same period jumped 31% YoY to Rs 95,570 crore.

Loan losses and provisions for the third quarter came in at Rs 35 crore as against a meagre 1 crore in same quarter of previous year period.

The profit before tax increased 25% to Rs 713 crore in the October-December 2024 period. This compares with Rs 572 crore in corresponding period of previous year.

Fee and commission income during the third quarter surged 53% YoY to Rs 49 crore. Pre-provision operating profit during the same period increased 31% YoY to Rs 748 crore.

Gross NPA (non-performing assets) and net NPAs stood at 0.29% and 0.13% respectively, as of 31 December 2024. The same were at 0.25% and 0.1% as of December 2023.

Provisioning coverage ratio on stage 3 assets at the end of December quarter was at 55%.

The annualised return on average assets for Q3FY25 was 2.4% as against 2.4% in Q3FY24. The annualised return on average equity for the same period stood 11.5%. This was driven by primary capital infusion through IPO of Rs 3,560 crore.

The Capital adequacy ratio (including Tier- II capital) as of 31 December 2024 was 27.86%.

Bajaj Housing Finance enjoys the highest credit rating of AAA/Stable for its long-term debt programme from CRISIL and India Ratings and A1+ for short-term debt programme.

On Monday, Bajaj Housing Finance shares closed over 3% lower at Rs 105.4 on NSE.