Bajaj Housing Finance reported a net profit of Rs 587 crore in the fourth quarter, which is 54% higher than Rs 381 crore posted in the same quarter of last year. Net interest income in the reporting period increased 31% to 823 crore from Rs 629 crore in Q4FY24.
Total revenue from operations in the fourth quarter jumped 26% YoY to Rs 2,508 crore.
The net total income during the fourth quarter increased by 34% in Q4FY25 to Rs 958 crore. Operating expenses to net total income for Q4 was 21.7% as against 27% a year-ago.
Loan losses and provisions in the fourth quarter stood at Rs 30 crore, lower when compared with Rs 35 crore in Q4FY24.
Profit before tax for the reporting quarter surged 48% to Rs 720 crore. The same stood at Rs 488 crore in the corresponding quarter of previous year.
Asset quality for the company remained stable as gross and net NPAs stood at 0.29% and 0.11%, respectively at the end of March quarter. The provisioning coverage ratio on stage 3 assets was at 60%.
Performance highlights - FY25
For FY25, the net interest income rose 20% to Rs 3,007 crore from Rs 2,510 crore in FY24. The profit after tax for the same period increased 25% YoY to Rs 2,770 crore.
The net total income for the fourth quarter jumped 23% in FY25 to Rs 3,597 crore from Rs 2,925 crore in the preceding fiscal. Loans losses, meanwhile, increased to Rs 80 crore in FY25.
The capital adequacy ratio (including Tier II capital) stood at 28.24%, as of March 2025.
The company 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 from CRISIL and India Ratings.
On Wednesday, Bajaj Housing Finance rose 0.6% at Rs 131.92 on NSE.
Total revenue from operations in the fourth quarter jumped 26% YoY to Rs 2,508 crore.
The net total income during the fourth quarter increased by 34% in Q4FY25 to Rs 958 crore. Operating expenses to net total income for Q4 was 21.7% as against 27% a year-ago.
Loan losses and provisions in the fourth quarter stood at Rs 30 crore, lower when compared with Rs 35 crore in Q4FY24.
Profit before tax for the reporting quarter surged 48% to Rs 720 crore. The same stood at Rs 488 crore in the corresponding quarter of previous year.
Asset quality for the company remained stable as gross and net NPAs stood at 0.29% and 0.11%, respectively at the end of March quarter. The provisioning coverage ratio on stage 3 assets was at 60%.
Performance highlights - FY25
For FY25, the net interest income rose 20% to Rs 3,007 crore from Rs 2,510 crore in FY24. The profit after tax for the same period increased 25% YoY to Rs 2,770 crore.
The net total income for the fourth quarter jumped 23% in FY25 to Rs 3,597 crore from Rs 2,925 crore in the preceding fiscal. Loans losses, meanwhile, increased to Rs 80 crore in FY25.
The capital adequacy ratio (including Tier II capital) stood at 28.24%, as of March 2025.
The company 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 from CRISIL and India Ratings.
On Wednesday, Bajaj Housing Finance rose 0.6% at Rs 131.92 on NSE.
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