Bajaj Housing Finance Q2 FY 2025 Results Today; Share Price Dips 1.61%

Bajaj Housing Finance has emerged as one of the most anticipated initial public offerings (IPOs) of 2024, making its debut on the stock exchanges (NSE and BSE) on September 16, 2024, with an opening price of ₹150.00 per share. 

Following its listing, the company’s shares reached a 52-week high of ₹188.50 just two days later, on September 18, 2024. This strong initial performance captured the attention of investors, reflecting confidence in the company’s prospects.

On October 16, 2024, Bajaj Housing Finance announced that it would release its Q2 FY 2025 financial results on October 21, 2024, at 6:15 PM. This upcoming announcement is particularly significant as it marks the company’s first quarterly earnings report since its listing, providing crucial insights into its financial health and operational performance.

On October 21, 2024, ahead of the results announcement, Bajaj Housing Finance share price opened at ₹140.74, showing a slight increase from its previous close of ₹139.33. However, by 12:31 PM, the share price had dipped to ₹137.09, reflecting a decrease of 1.61%. 

Looking at the financial performance in the previous quarters, in its RHP, Bajaj Housing Finance reported a profit after tax increase of 77.2%, rising from ₹7,096.2 million in Fiscal 2022 to ₹12,578.0 million in Fiscal 2023. The company’s net worth, as restated, was ₹67,413.6 million as of March 31, 2022, increasing to ₹1,05,031.9 million, ₹1,09,649.9 million, ₹1,22,335.0 million, and ₹1,47,199.1 million as of March 31, 2023, June 30, 2023, March 31, 2024, and June 30, 2024, respectively. 

Additionally, the company’s total assets increased by 26.5%, from ₹7,00,049.9 million as of June 30, 2023, to ₹8,85,388.3 million as of June 30, 2024. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.