Bajaj Finance and Bajaj Housing Finance are in focus after releasing their Q2 business updates. Bajaj Finance shares have shown flat returns in 2024, contrasting the 14% rise in the BSE Sensex. Bajaj Housing Finance saw a significant post-IPO performance despite recent pullbacks.
Bajaj Housing Finance reported its assets under management (AUM) crossed ₹1,00,000 crore, a 26% growth to ₹1,02,550 crore by September 30, compared to ₹81,215 crore a year ago. This growth trend is consistent with the previous two-quarters of FY25.
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Bajaj Finance’s customer franchise increased to 92.09 million at the end of Q2FY25 from 76.56 million a year earlier. During Q2FY25, 3.88 million new customers were added, showcasing the expanding customer base. The number of new loans booked also rose by 14%.
Bajaj Finance’s AUM grew 29%, reaching ₹3,73,900 crore by September 30, 2024, up from ₹2,90,264 crore a year earlier. Net liquidity surplus stood at ₹20,100 crore. Meanwhile, its deposits grew 21% to ₹66,100 crore from ₹54,821 crore a year ago.
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Despite delivering flat returns, Bajaj Finance remains a major player, while Bajaj Housing Finance has more than doubled its IPO issue price of ₹70, despite recent declines. The NBFC’s business growth highlights the sector’s resilience amidst changing market dynamics.