Bajaj Housing Finance AUM Crosses ₹1 Lakh Crore in Q2

4 Oct 2024 , 12:46 PM

Bajaj Housing Finance Ltd. reported its first business update after listing, showcasing impressive growth. The company’s Assets Under Management (AUM) crossed the ₹1 lakh Crore mark, reaching ₹1,02,550 Crore in Q2 FY24, a 26% growth from ₹81,215 Crore in the same period last year.

AUM grew by ₹5,480 Crore in absolute terms for the September quarter, continuing its steady expansion. Loan assets (AR) stood at ₹89,860 Crore, up from ₹70,954 Crore in the previous year’s September quarter.

Bajaj Housing Finance became one of the most successful listings in 2024, debuting with over 100% premium at ₹70 and ending the listing day with 135% gains.

PhillipCapital initiated coverage on Bajaj Housing Finance, giving it a “buy” rating and a price target of ₹210, citing its leadership in the home loan segment.

The firm highlighted Bajaj Housing’s ₹50 lakh ticket size as an attractive option for home loan aspirants, positioning the company in a “league of its own.”