Bajaj Housing Finance showed year-over-year (Y-o-Y) growth of 21% in Q2FY25 profits which reached Rs 546 crore from Q2FY24’s figures of Rs 451 crore due to higher total income.
Bajaj Housing Finance Shares Drop 3.9% Ahead of Q3 Results
Bajaj Housing Finance shares fell 3.9% during Monday’s session reaching its lowest point at Rs 104.8 per share. The stock prices dropped during the Q3 results announcement period. At its current market level Bajaj Housing Finance stands at 51% above its initial Rs 70 share price yet remains 29% beneath its Rs 150 listing rate.
Current Trading and Market Overview
At around 11:During morning trade on January 14 at 11:46 AM Bajaj Housing Finance shares declined by 2.98% to reach Rs 105.9 per share within the BSE market. At the same time BSE Sensex experienced a 0.94% decline, trading at 75,477.11 per share. Bajaj Holding’s market capitalization reached Rs 88,195.07 crore. Updated statistics show Bajaj Housing Finance reached Rs 188.45 as its peak share value during the last 52 weeks but dropped to a minimum at Rs 104.8.
Q3 Results Announcement
Bajaj Housing Finance scheduled its third-quarter (Q3) results for January 27, 2025 according to an announcement filed on January 4, 2025. The filing stated:
The Board of Directors of the Company will meet on Monday, 27 January 2025, to consider and approve financial results that cover both the quarter and nine-month period which ended 31 December 2024.
Q2 Results Overview
For Q2FY25 Bajaj Housing Finance announced its net profit soared by 21% compared to Q2FY24 reaching Rs 546 crore after reporting Rs 451 crore during the same period last year. The business achieved its growth because of robust income expansion across all segments.
The announcement marked the company’s initial reporting period after it listed on the equity capital market during September 2024. Bajaj Housing Finance expanded its total income levels by 18% Y-o-Y to reach Rs 897 crore. The fiscal year 2018 saw Net Interest Income (NII) rise 13% to Rs 713 crore. The net interest margin (NIM) decreased to 4.1% from 4.4% across the same period in 2023.
Expense and Provision Details
The company’s expenses rose by 10% to Rs 184 crore. Revenue provisions declined by 72 percent year-over-year to reach Rs 5 crore during Q3 while last year’s provisions totaled Rs 18 crore. Bajaj Housing Finance spent 7.92% to fund operations while Q2FY24 reported a 7.64% cost.
Stock Market Debut
When Bajaj Housing Finance started trading on stock markets their shares demonstrated a strong first-day performance. The stock started trading on September 16, 2024 at Rs 150 across the BSE and NSE while establishing a 114.28% gain from its initial IPO issue value of Rs 70 because of favorable market conditions.
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