Bajaj Housing Finance Posts 17 Percent Profit Rise
Bajaj Housing Finance reported a 17.7 percent rise in quarterly profit driven by robust loan demand. Assets under management and disbursements both grew by 25 percent despite rising competition in the mortgage market.
Insights:
Bajaj Housing Finance reported a 17.7% rise in second-quarter profit to 7.57 billion rupees ($79.72 million) on Friday, driven by strong loan growth. The result highlights robust housing demand in India, even as lenders face margin pressures from intensifying competition.
Assets under management and disbursements both rose 25%, supported by healthy mortgage demand and an expansion into newer borrower segments.
