Bajaj Housing Finance Shares Surge as AUM Surpasses ₹1 Lakh Crore in First Public Update

Shares of Bajaj Housing Finance, which recently became a public company, are gaining attention today after the company released its first business update for the July-September quarter. The update revealed that its Assets Under Management (AUM) crossed ₹1 lakh crore, reaching ₹1,02,550 crore—a 26% increase from ₹81,215 crore in the same quarter last year.

Continuing a trend from the previous two quarters, the AUM grew by ₹5,480 crore during the September quarter. The company’s loan assets stood at nearly ₹89,860 crore at the end of this quarter, up from ₹70,954 crore a year ago.

Bajaj Housing Finance has had a strong start as a public company, debuting with a more than 100% premium over its initial public offering (IPO) price of ₹70. On its first day of trading, the stock jumped 135%, reaching a high of ₹188.5. Although there has been some profit-taking since then, the stock has stabilized around the ₹150 mark.

In a separate update, Bajaj Finance also shared its business results for the same quarter. The non-banking financial company (NBFC) reported a customer base of 92.09 million as of September 30, 2024, compared to 76.56 million a year earlier. During the second quarter of FY25, Bajaj Finance added 3.88 million new customers. The company’s new loan book grew by 14% year-on-year, with 9.69 million loans booked in Q2FY25, up from 8.53 million in Q2FY24. The AUM for Bajaj Finance grew by 29% to about ₹3,73,900 crore as of September 30, 2024, compared to ₹2,90,264 crore a year ago. The AUM increased by approximately ₹19,700 crore in Q2FY25. The net liquidity surplus was around ₹20,100 crore as of September 30, 2024.

Additionally, Bajaj Finance reported that its deposit book reached ₹66,100 crore as of September 30, 2024, compared to ₹54,821 crore a year earlier, marking a growth of 21%.