Bajaj Housing Finance announced its Q2 results after market close on Monday. The result was the company’s first after its IPO in September.

What Happened: Bajaj Finance reported a 21% year-on-year increase in net profit to ₹546 crore in the September quarter. The company’s net interest income rose 13% from the previous year to ₹713 crore. In the corresponding quarter of the previous year, the company posted ₹451 crore net profit and ₹632 crore net interest income.

The non-banking finance company’s assets under management grew 26% to ₹1.03 lakh crore compared to ₹81,215 crore in the previous year.

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Gross non-performing assets (NPA) stood at 0.29% in the quarter against 0.24% in the previous year and the net NPA jumped to 0.12% from 0.09% in the September quarter of the previous year.

Bajaj Housing Finance was listed on September 16. The company was listed at ₹150, a huge jump over its issue price of ₹70. However, the stock has fallen 17% since then.

Price Action: Shares of Bajaj Housing Finance fell 1.82% to ₹136.80 on Monday ahead of its results.

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