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Bajaj Housing Finance reported a 54% rise in FY25 net profit to INR 587 crore, driven by strong demand for home loans and a 26% surge in AUM to INR 1.14 trillion. Q4 disbursements rose 34%, while GNPAs remained steady at 0.29%. CEO Atul Jain cited growing preference for affordable homes in Tier I and II cities and hinted at a stock split and bonus issue. Meanwhile, India's life insurers saw a 5% rise in new business premiums to INR 3.97 lakh crore, with LIC's market share slipping slightly. Private insurers showed resilience amid tax changes and IRDAI-driven commission reforms.
Bajaj Housing Finance Ltd reported a 54% rise in annual profit for FY25, fueled by higher demand for home loans and sustained momentum in real estate borrowing. The company posted a net profit of INR 587 crore, while assets under management (AUM) grew 26% to INR 1.14 trillion, reflecting strong traction across housing and developer loans. Advertisement
Net interest income rose 31.9% to INR 832 crore, and loan disbursements surged 34% to INR 958 crore during the fourth quarter alone. Total assets climbed 25% to touch INR 99,513 crore. Notably, gross non-performing assets (GNPA) remained flat at 0.29%, and net NPAs improved slightly to 0.11%.
Bajaj Housing Finance's CEO Atul Jain said that increasing customer preference for affordable and mid-segment homes, especially in Tier I and emerging Tier II markets helped accelerate growth. With lower interest rates on housing loans for salaried individuals, the lender expects stable margins and intends to propose a stock split and bonus issue in its upcoming board meeting on April 29.
Meanwhile, India's life insurers posted a 5% increase in new business premiums (NBP) in FY25, reaching INR 3.97 lakh crore, according to data from the Insurance Regulatory and Development Authority of India (IRDAI). The industry saw a pickup in March, when premiums rose by 2% year-on-year, signaling a cautious recovery from regulatory and market volatility.
LIC, the largest player, posted a muted 2% growth, with new business premiums reaching INR 2.27 lakh crore. This pulled LIC's overall market share down to 57.05% from 58.87% last year, as private insurers gained ground.
Sector analysts attributed the sluggish growth to changes in tax treatment for high-value ULIPs and commission recalibration triggered by new IRDAI norms. Despite these headwinds, private players like HDFC Life and SBI Life managed to maintain positive growth trajectories by focusing on protection and annuity products.
While demand for large policies shrank temporarily, market players expect improved sentiment in the first quarter of FY26, especially as disposable incomes rise and investors seek stable financial instruments amid global volatility.
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