Bajaj Housing Finance Reports Strong Q4 Profit Growth, Net Profit Jumps 53%

Bajaj Housing Finance Ltd., the dedicated housing finance subsidiary of Bajaj Finance Ltd., has concluded the financial year 2024-25 with a strong performance in the final quarter. The company announced its January to March quarter results on Wednesday, April 23, reporting notable increases in key financial metrics.

Profitability Increases

The net profit jumped 53% year-on-year, reaching ₹586.68 crore versus ₹381.34 crore reported in the same period a year ago, on the back of a healthy 24.4% YoY growth in Net Interest Income (NII). For the full financial year FY25, the profit after tax increased 25% YoY to ₹2,770 crore.

For the financial year 2024-25, NII rose 20% to ₹3,007 crore from ₹2,510 crore in FY24.

Total revenue from operations in the fourth quarter jumped 26% YoY to ₹2,508 crore. The net total income during Q4 FY25 increased by 34% to ₹958 crore. Operating expenses to net total income for Q4 stood at 21.7%, down from 27% a year ago. Profit before tax for the reporting quarter surged 48% to ₹720 crore, up from ₹488 crore in the prior year's corresponding quarter.

Expanding Book and Stable Asset Quality

Bajaj Housing Finance's Assets Under Management (AUM) continued its upward trajectory, growing by 26% YoY to ₹1,14,684 crore as of March 31, 2025, compared to ₹91,370 crore as of March 31, 2024. Despite the growth in its loan book, asset quality metrics remained largely stable. Gross Non-Performing Assets (NPA) and Net NPA stood at 0.29% and 0.11% respectively as of March 31, 2025. This is a marginal increase from 0.27% (Gross NPA) and 0.10% (Net NPA) as of March 31, 2024. Loan losses and provisions in Q4 stood at ₹30 crore, lower than ₹35 crore in Q4 FY24. For FY25, loan losses increased to ₹80 crore. As of March 2025, the capital adequacy ratio (including Tier II capital) stood at 28.24%. 

Stock Performance

The shares of Bajaj Housing Finance closed marginally higher on Wednesday. The stock finished the trading session at ₹131.92, showing a 0.58 percent increase from its previous closing price of ₹131.16.

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