Bajaj Finance posts higher quarterly profit

Bajaj Housing Finance

29/04/2025 13:21

April 29 (Reuters) - Indian non-banking financial company (NBFC) Bajaj Finance BJFN.NS posted a higher fourth-quarter profit on Tuesday, helped by healthy loan growth.

The company reported a consolidated net profit of 44.80 billion rupees ($526.4 million) for the quarter ended March 31, up 17% from a year ago.

The results include the businesses of its subsidiaries, Bajaj Housing Finance BAJO.NS and Bajaj Financial Securities.

Bajaj Finance's assets under management grew 26% during the quarter, helped by strong demand for credit, while new loan bookings jumped 36% from a year ago.

 ($1 = 85.1150 Indian rupees)

 (Reporting by Nishit Navin; Editing by Savio D'Souza)

 ((Nishit.Navin@thomsonreuters.com;))