Market Performance
Bajaj Housing Finance saw a significant increase in its financial performance for Q4, with a remarkable 54% rise in net profit. The company’s solid growth indicates its effective strategies and market position in the housing finance sector.
Main News
The company reported a net profit of ₹587 crore for Q4, a sharp increase from ₹381 crore during the same period last year. This performance highlights its continued success despite challenging market conditions.
Company Details
- Total Revenue: ₹2,585 crore (up from ₹2,421 crore)
- Loan Book Growth: 12% increase
- Customer Base: Strong growth in new home loan customers
Financial Summary
- Net Profit: ₹587 crore (+54%)
- EBITDA: ₹1,062 crore (up 16%)
- EBITDA Margins: 41.7% (previously 38.7%)
Summary
Bajaj Housing Finance has continued to show robust financial performance, driven by strategic loan growth and efficient operations. The 54% surge in net profit is indicative of the company’s ability to capitalize on opportunities in the housing finance market. With a steady rise in both revenue and profit, Bajaj Housing Finance is positioned for strong performance in the coming quarters.
