Tue Jan 28 14:48:05 IST 2025: ## Bajaj Housing Finance Reports 25% Jump in Q3 Profit on Strong Credit Growth

**New Delhi, India –** Bajaj Housing Finance, India’s leading home loan lender by market capitalization, announced a robust 25% increase in its third-quarter profit on Monday. The company reported a profit of Rs 5.48 billion (USD 63.5 million) for the quarter ending December 31st, compared to Rs 4.37 billion in the same period last year. This surge is attributed to strong credit growth fueled by sustained demand for housing, particularly in the high-end segment.

The company’s loan portfolio expanded by 31% year-on-year to Rs 955.7 billion, while assets under management (AUM) grew by 26% to Rs 1.08 trillion. Net interest income also saw a 25% increase, reaching Rs 8.06 billion. Bajaj Housing Finance maintained a stable asset quality, with gross non-performing loans at 0.29% of total loans.

The positive results follow a similar trend in the sector, with competitor PNB Housing Finance reporting a 43% increase in third-quarter earnings last week. Experts predict continued growth in the residential real estate market, driven by persistent demand for luxury properties.

Despite the strong financial performance, Bajaj Housing Finance shares experienced a 3.12% decline on Monday, mirroring broader market weakness. The shares closed at Rs 105.74 on the National Stock Exchange.

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