Bajaj Housing Finance Q4 Profit Rises 14 Percent
The lender reported a profit of 6.69 billion rupees for the quarter ending March 31. Steady loan growth and improved asset quality drove the positive results.
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BAJAJ HOUSING FINANCE LTD has reported a 14% increase in its fourth-quarter profit, driven by robust loan growth and a notable improvement in asset quality. The results mark the conclusion of the company's second full fiscal year as a publicly listed entity in India.
The country's largest non-bank home loan financier by market value saw its profit for the three months ended March 31 rise to 6.69 billion rupees ($71.03 million). This figure compares favorably to the 5.87 billion rupees recorded during the same period in the previous fiscal year.
