Bajaj Housing Finance reported a 23% year-on-year increase in net profit for the first quarter, reaching ₹715 crore.
The lender attributed the growth to higher loan disbursements and a strategic push into near-prime and affordable home loan segments, aimed at diversifying its portfolio beyond traditional prime borrowers.
The results underscore continued momentum in the Indian housing finance sector, where lenders are benefiting from sustained demand in the affordable housing space.
By expanding into near-prime segments, Bajaj Housing is positioning itself to capture a broader customer base, potentially offsetting risks associated with higher interest rates or economic slowdowns that typically affect prime borrowers.
This performance aligns with broader trends in the Indian financial sector, where companies are increasingly focusing on inclusive lending to drive growth.
The company's ability to maintain profitability while expanding into riskier segments suggests strong risk management practices and a robust loan book.