'Bajaj Housing Finance conducted a conference call on 22 October 2024 to discuss its financial results for the quarter ended September 2024. Atul Jain, MD&CEO of the company addressed the call:
Highlights:
The company achieved 2 milestones during the quarter first is the listing of the equity shares on exchanges and crossing an AUM of Rs 1 lakh crore in 7th year of operation.
The company has recorded strong AUM growth of 26% end September 2024.
PBT has increased 23%, while net profit moved up 21%.
The asset quality remained strong with gross NPAs of 29 bps and net NPAs of 12 bps.
The cost income ratio has improved to 20.5% from 22.1% last year.
The credit cost was at 2 bps, while net of overlays release the credit cost was 14 bps in Q2FY25.
Home loan growth was 24%, LAP 18%m, lease rental discounting 28% and developer Finance 56% end September 2024.
Loan mix has remained steady with home loans at 57.2%, LAP at 10...
Pleaselogin & subscribe to view the full report.
More Reports
-
(05-Feb-2025)
Castrol India
Expects EBITDA margin of 22%-25% for CY25
-
(10-Feb-2023)
Deepak Nitrite
Plans capex of about Rs 1500 crore for FY23 and FY24
-
Targets revenue of Rs 1000 crore in FY24
-
Capex plan is US$ 30-32 million for next three years
|
|