Bajaj Housing Finance shares in focus ahead of Q2 results today
Bajaj Housing Finance will be in focus today as the company will earnings for the second quarter ended September 2024. In the run up to the results, the shares of Housing have been muted, falling nearly 4%.
While there are no estimates of the recently debuted company, it reported that the assets under management (AUM) surpassed Rs 1 lakh crore during the quarter, reaching Rs 1,02,550 crore—a 26% increase compared to Rs 81,215 crore in the same quarter last year.
Continuing a trend seen in the previous two quarters, the AUM grew by Rs 5,480 crore during the September quarter. The company’s loan assets stood at nearly Rs 89,860 crore at the end of the September quarter, up from Rs 70,954 crore the previous year.
Read more: Tech Mahindra shares likely in focus after reporting 153% YoY jump in Q2 PAT
The company also reported a 14% year-on-year growth in new loans booked, with 9.69 million loans recorded in Q2FY25, compared to 8.53 million in Q2FY24.
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