Earnings Review
Bajaj Housing PAT up despite high provisions as NII surges
This story was originally published at 17:39 IST on 23 July 2025
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--Bajaj Housing capital adequacy ratio 26.94% as on Jun 30
--Bajaj Housing assets under mgmt INR 1.204 tln as on Jun 30, up 24% on year
--Bajaj Housing Apr-Jun net interest income INR 8.87 bln, up 33% on year
--Bajaj Housing liquidity coverage ratio 210.57% on Jun 30 vs 162.46% yr ago
--Bajaj Housing provision coverage ratio on stage 3 asset 56.25% on Jun 30
--Bajaj Housing net NPA stage 3 asset ratio 0.13% on Jun 30 vs 0.11% yr ago
--Bajaj Housing gross NPA stage 3 asset ratio 0.30% on Jun 30 vs 0.28% yr ago
--Bajaj Housing Fin Apr-Jun revenue INR 26.16 bln vs INR 22.09 bln year ago
--Bajaj Housing Fin Apr-Jun net profit INR 5.83 bln vs INR 4.83 bln year ago
By Krity Ambey
NEW DELHI – Drawing support from robust growth in interest income in the June quarter, Bajaj Housing Finance Ltd. posted a net profit of INR 5.83 billion, up 21% on year, even as provisions quadrupled. The non-banking company's profit was marginally lower from INR 5.87 billion in the March quarter.
Bajaj Housing Finance's net interest income surged 33% on year to INR 8.87 billion in the June quarter. The company reported a net interest margin of 4% in the quarter. The NBFC's revenue from operations for the reporting quarter was up 18.4% on year at INR 26.16 billion.
The company's provisions quadrupled to INR 411 million in the June quarter from INR 100.4 million in the corresponding period a year ago. The company's provisions jumped 39% sequentially from INR 296 million in the trailing quarter. Bajaj Housing Finance ended the June quarter with a provision coverage ratio of 56.25% from 60.25% in the March quarter.
The company's net non-performing asset ratio rose to 0.13% as of Jun. 30 from 0.11% as of Mar. 31. The lender's net NPA ratio was 0.11% in the year-ago period as well. Its gross NPA ratio also worsened to 0.30% from 0.29% at the end of the trailing quarter and from 0.28% a year ago.
The recently listed housing financier had INR 1.204 trillion of assets under management as of Jun. 30, up 24% on year and 4.7% on quarter. The company listed its shares on the stock exchanges in September at a price of INR 150 per share. The company's share price has fallen 18.5% since its listing. On Wednesday, shares of the non-bank finance company closed marginally higher at INR 122.3 on the National Stock Exchange.
The lender's liquidity coverage ratio rose to 210.57% as on Jun. 30, as against the regulatory requirement of 100%, from 191% at the end of March quarter and 162.46% as of Jun. 30, 2024. Its capital adequacy ratio was 26.94% as on Jun. 30, against the regulatory requirement of 15%. End
Edited by Tanima Banerjee
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