Tue Jan 28 06:10:00 UTC 2025: ## Bajaj Housing Finance Reports Strong Q3 Profit Growth Despite Share Dip

**Mumbai, January 28, 2025** – Bajaj Housing Finance Ltd (BHFL) announced robust financial results for the third quarter (October-December) of fiscal year 2024-25, reporting a 25% surge in net profit to ₹548.02 crore, compared to ₹436.97 crore in the same period last year. This growth was driven by a 25.8% increase in net interest income (NII) to ₹2,321.9 crore.

While the company’s total expenses rose by 26% to ₹1,736 crore, BHFL’s improved financial performance was further highlighted by a decrease in its debt-to-equity ratio from 5.37 to 4.09, indicating reduced reliance on debt financing. Assets under management (AUM) also saw significant growth, increasing 26% to ₹1.08 lakh crore.

However, the positive financial results were not reflected in the company’s share price. BHFL shares closed 3.02% lower at ₹105.85 on Monday, January 27th, after the results were announced, hitting a 52-week low on the same day. Despite the current dip, the company’s stock had reached a 52-week high of ₹188.45 on September 18, 2024. Over the past year, shares have declined by 36.12%, and are down 17.06% year-to-date.

Although gross non-performing assets (NPAs) increased slightly from 0.25% to 0.29%, provisions for bad loans were raised to ₹35 crore, compared to ₹1 crore in the same quarter of the previous year.

Despite the share price decline, analysts may view the improved profitability and reduced debt-to-equity ratio as positive long-term indicators for Bajaj Housing Finance.

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