Despite a stock dip, Bajaj Housing Finance's profits soar 25% YoY! Discover what’s cooking in the housing finance pot!
Bajaj Housing Finance has just rolled out its Q3 results, and it seems the financial rollercoaster is in full swing! As of January 27, 2025, the stock took a little tumble, dropping by -3.44% to close at Rs. 109.15. But don’t let that decline fool you; the company has some exciting news. Their profit after tax (PAT) has experienced a staggering rise of 25% year-on-year, reaching Rs. 548 crore! It appears that Bajaj Housing is managing to keep its balance while the market throws it's wildest punches.
A deeper dive into the figures reveals that Bajaj Housing Finance's net interest income (NII) shot up by 25%, moving from Rs. 645 crore to Rs. 806 crore in a single year. And as if that wasn’t impressive enough, the loan assets have increased by a whopping 31% year on year, bringing the total to Rs. 95,570 crore! With premium home demand seeming to keep the financial engines running hot, Bajaj Housing is capitalizing on the booming housing market in India. Talk about striking while the iron's hot!
However, all that glitters doesn't mean it's time to pop the champagne just yet! Analysts have pointed out that despite the positive profit reports, Bajaj Housing Finance could be in for a bumpy ride ahead. HSBC has revised its price target for the shares to denote a potential further 15% drop, following a significant 44% decrease from its post-listing high. This news might not put the party hats on just yet, but savvy investors will undoubtedly be riding the waves of this financial current with keen eyes.
As we break down the intricacies of Bajaj Housing Finance's performance, it’s clear that they’re not just treading water. Their significant growth in profit indicates a strong market position and ambitious plans for the future. Interestingly, while the stock market doesn’t always reflect the financial health of a company, Bajaj Housing's continued growth in assets and profits proves that there's much more to this story than meets the eye. Remember, while one dip in the stock price can raise a few eyebrows, a steady rise in profits could signal an even brighter future!
Did you know that Bajaj Housing Finance is one of the leading players in the housing loan sector in India? It has grown to dominate the field with aggressive lending practices and a robust portfolio. In fact, the housing sector in India has been resilient, with ongoing demand pushing many lenders to innovate and offer attractive products to customers. Let's keep our eyes peeled as Bajaj Housing takes further strides in this dynamic market! Ultimately, if you need housing finance, they just might be the ones to watch!
Bajaj Housing Finance Share Price Highlights : Bajaj Housing Finance stock price went down today, 27 Jan 2025, by -3.44 %. The stock closed at 109.15 per ...
Bajaj Housing Finance Q3 Results: Bajaj Housing Finance on Monday reported 25% year-on-year (YoY) growth in its profit after tax (PAT) to Rs 548 crore in ...
HSBC's revised price target implies a further 15% downside for Bajaj Housing Finance shares. The stock has already corrected 44% from its post-listing high ...
During the reported quarter, Bajaj Housing Finance's net interest income (NII) increased by 25 percent to Rs 806 crore from Rs 645 crore in Q3 FY24.
During the same quarter, loan assets increased by 31% year on year to Rs 95,570 crore. The profit before tax climbed by 25% to Rs 713 crore between October and ...
Bajaj Housing's loan portfolio increases by 31 per cent compared to the previous year, reaching Rs 955.7 billion, while its AUM grows 26 per cent.
Bajaj Housing Finance Q3 FY25 results: Demand for homes in India, especially premium residences, has remained strong over the last few quarters, ...
Bajaj Housing Finance reported a 25 per cent year-on-year (Y-o-Y) increase in its consolidated net profit for Q3FY25 at Rs 548 crore, up from Rs 437 crore.
Bajaj Housing Finance reported 25.41% rise in standalone net profit to Rs 548.02 crore on a 25.82% increase in revenue from operations to Rs 2448.98 crore ...
Bajaj Housing Finance reported a 25% YoY growth in profit after tax to Rs 548 crore for the third quarter, with net interest income also rising 25% YoY to ...
The stock reached a high of ₹108 and a low of ₹104.80 during the day. The company's market capitalization stands at ₹88,061.83 crore. Over the past year, the ...
Following Q3 results, brokerage form HSBC has maintained “reduce” rating on Bajaj Housing Finance Ltd, while cutting the target price of the stock.