Bajaj Finance Q2 results are likely to be strong with sharp net profit growth and the company is also expected to benefit from the stake sale in its subsidiary Bajaj Housing Finance through its initial public offering (IPO).

India's most valuable home loan financier Bajaj Housing Finance posted a 21% rise in its second-quarter profit on Monday as demand for credit remained robust.

Bajaj Housing Finance is anticipated to report a net interest income between Rs 8,810 crore and Rs 9,187 crore for the quarter ended September 30, 2024. Profit after tax could be around Rs 4,030 crore to Rs 6,

Bajaj Housing Finance reported a 21% growth in net profit to Rs 546 crore for the September quarter, post its recent IPO listing. The company's total income rose to Rs 2,410 crore, with a notable increase in interest income.

Assets under management (AUM) grew 26% to Rs 1.02 lakh crore as of September 30, from Rs 81,215 crore in the same quarter last year.

Bajaj Housing Finance reports robust growth in NII, AUM, revenue, and profit, showcasing strong financial performance and market leadership.

The housing finance company maintained its AUM momentum with 26% growth this quarter. Shares of Bajaj Housing Finance ended at ₹136.55, down by ₹2.75, or 1.97%, on the BSE.

Investors will be watching the performance of players like Bajaj Housing Finance, Gravita India, Cyient DLM, Union Bank of India, City Union Bank, Mahindra Logistics, among others.