Bajaj Finance-Backed Stock Jumps After Reporting Stellar Results; PAT Surges 54 Per Cent In Q4FY25
The shares of the company have a PE of 51x, an ROE of 13 per cent and an ROCE of 10 per cent.
Today, shares of Bajaj Finance-Backed Stock, shares of Bajaj Housing Finance Ltd jumped 3.8 per cent to Rs 137 per share from its previous closing of Rs 131.85 per share with a more than 2 times spurt in volume. The stock’s 52-week high is Rs 188.45 per share and its 52-week low is Rs 103 per share.
Founded in 2008 and registered with the National Housing Bank in 2015, Bajaj Housing Finance Ltd (BHFL) is a non-deposit-taking Housing Finance Company that has rapidly grown to become the second-largest HFC within seven years of commencing mortgage operations; as of March 2024, BHFL holds the position of the eighth-largest NBFC-Upper Layer by Assets Under Management (AUM) and the second most profitable HFC, having also recorded the second-highest loan disbursement among HFCs, alongside achieving the second-highest AUM per branch and employee among large HFCs.
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According to Quarterly Results, the net sales increased by 26 per cent to Rs 2,508 crore and net profit increased by 54 per cent to Rs 587 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 26 per cent to Rs 9,576 crore and net profit increased by 25 per cent to Rs 2,163 crore in FY25 compared to FY24.
The company has a market cap of over Rs 1.1 lakh crore and has delivered good profit growth of 39 per cent CAGR over the last 5 years. The shares of the company have a PE of 51x, an ROE of 13 per cent and an ROCE of 10 per cent. The stock is up by 33 per cent from its 52-week low of Rs 103 per share. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.