Company Financial Rusult In Crore

PERIOD	ASSET	REVENUE	PROFIT
30-Jun-2024	88538.83	2208.73	482.61
31-Mar-2024	81827.09	7617.71	1731.22
31-Mar-2023	64654.14	5665.44	1257.80
31-Mar-2022	48527.08	3767.13	709.62

About The Company

Bajaj Housing Finance Limited, registered with the National Housing Bank on September 24, 2015, began mortgage lending in Fiscal 2018. Within seven years, it became the largest non-deposit-taking HFC in India by AUM and the second-largest HFC overall. Its also the eighth-largest NBFC-UL in India, notable for its profitability with strong returns on average assets and equity in Fiscal 2024. The company leads its peers with the fastest AUM CAGR growth rate from Fiscal 2022 to 2024.

Bajaj Housing Finance offers a diverse range of financial solutions for both individuals and corporate entities. These solutions include home loans, loans against property (LAP), lease rental discounting, and developer financing. The company primarily focuses on individual retail housing loans, supplemented by various lease rental discounting and developer loans.

As of March 31,2024, Bajaj Housing Finances assets under management (AUM) stood at ₹913,704.0 million, showcasing a compound annual growth rate (CAGR) of 30.9% from Fiscal 2022 to 2024. The average ticket size for its home loans was ₹4.6 million, with an average loan-to-value ratio of 70.5%. Additionally,75.8% of the companys home loan AUM came from customers with a CIBIL score above 750.

The company offers the most diversified suite of mortgage lending products in India and has the highest proportion of salaried customers in its home loan portfolio among large HFCs. It is known for focusing on prime housing and has one of the highest average ticket sizes.

Bajaj Housing Finance operates through a network of 215 branches across 174 locations in 20 states and three union territories. This network is supported by six centralised hubs for retail underwriting and seven processing hubs, ensuring efficient service delivery to meet the diverse needs of its customers across urban and upcountry locations.

 

Strength

• Bajaj Housing Finance holds AUM of ₹913,704.0 million as of 2024.
• Experienced management team with over 21 years of association with the Bajaj group.
• Operates 215 branches across 174 locations in 20 states.

Weakness

• Inability to recover full collateral value could adversely affect financial stability.
• Regulatory changes could increase provisioning needs, affecting financial health.
• Interest rate volatility could erode Net Interest Margins, currently at 4.1%.

 

 

 

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