Bajaj Housing Finance, a leading non-bank lender in India, reported a 14% increase in quarterly profit, reaching ₹669 crore ($80 million) for the quarter ended March 31. This growth was driven by robust loan disbursements, which rose 23% to ₹17,506 crore ($2.1 billion). However, the company faced challenges with narrowing margins, as net interest margin fell to 3.8%, down from 4% in the previous quarter. The competitive landscape in the home-loan market has intensified, leading to a decline in the portfolio yield from 9.7% to 9.1% year-on-year. Despite these pressures, the firm's assets under management grew by 23% to ₹1.41 trillion ($14.97 billion). Notably, the lease rental discounting portfolio, which is supported by commercial rental income, emerged as the fastest-growing segment, increasing by 44% year-on-year and accounting for nearly one-fourth of total assets.