2 weeks Ago By Mohammed Uzair Shaikh
Bajaj Housing Finance Ltd. on Wednesday posted a 53.8% year-on-year rise in its net profit to Rs 587 crore in the fourth quarter of fiscal year 2025, thereby beating the consensus estimate of Rs 557 crore of the analysts tracked by Bloomberg.
In the corresponding quarter of fiscal 2024, the company had logged a bottomline of Rs 381 crore. The non-banking financial company's net interest income rose 31% to Rs 823 crore, as compared to Rs 628 crore in the year-ago period. In terms of asset quality, the gross non-performing assets ratio stood at 0.
29%, marginally higher as against 0.27% at the end of March 2024 quarter. The net NPA ratio rose to 0.
11% from 0.10%. The NBFC's loan losses and provisions for March 2025 quarter was reported as Rs 30 crore as against Rs 35 crore in the year-ago quarter.
(This is a developing story).
