Bajaj Finance Ltd reports robust Q2 FY25 results, showcasing strong growth in profits, AUM, and customer base.

The shares of Bajaj Housing Finance Ltd experienced a notable surge of up to 4% in opening trade on October 22, buoyed by the companys impressive financial results for the July-September quarter. The non-banking financial companys (NBFC) net profit surged by 21% year-on-year,

Bajaj Finance—a Pune-headquartered non-banking financial company (NBFC)—reported its quarterly numbers on Tuesday, October 22.

The housing finance company maintained its AUM momentum with 26% growth this quarter. Shares of Bajaj Housing Finance ended at ₹136.55, down by ₹2.75, or 1.97%, on the BSE.

Bajaj Finance reported a 13% increase in net profit to Rs 4,000 crore for the quarter ending September 30, 2024, on. It reported a net profit of Rs 3,551 crore in the same period last year.

Bajaj Finance Q2 results are likely to be strong with sharp net profit growth and the company is also expected to benefit from the stake sale in its subsidiary Bajaj Housing Finance through its initial public offering (IPO).

Bajaj Finance said Q2 FY25 was a mixed quarter as volumes, AUM and operating efficiencies were good but loan losses remained elevated. As a result, profit growth and ROA were muted, it added.

Revenue from operations for the reported quarter was Rs 17,090 crore, a 28% increase from Rs 13,382 crore in the same quarter last year. Net interest income (NII) rose 23% in Q2FY25, reaching Rs 8,838 crore compared to Rs 7,