Bajaj Housing Finance reported a strong Q3 FY26, marked by robust AUM growth and healthy profitability. AUM grew by 23%, driven by strong disbursements amidst higher portfolio attrition. Profit after tax (PAT) increased by 21%. Asset quality remained healthy, with GNPA at 0.27% and NNPA at 0.11%. The company also saw improved operating efficiency, with the Opex to NTI ratio at 19.0%.
Financial Highlights
Bajaj Housing Finance showcased a strong financial performance in Q3 FY26:
- AUM Growth: 23% year-over-year growth, reaching ₹1,33,412 Cr.
- Profitability: PAT grew by 21%.
- Asset Quality: Maintained healthy asset quality with GNPA at 0.27% and NNPA at 0.11%.
- Operating Efficiency: Improved with Opex to NTI ratio at 19.0%.
- Capital Adequacy: PBC stood at 61.37%.
Business Performance
Key business metrics for the quarter include:
- AUM: Increased to ₹1,33,412 Cr in Q3 FY26 from ₹1,08,314 Cr in Q3 FY25.
- Disbursements: Grew by 32% to ₹16,545 Cr in Q3 FY26 from ₹12,571 Cr in Q3 FY25.
Operational Metrics
- Net Interest Income: Increased by 19% to ₹963 Cr in Q3 FY26.
- Net Total Income: Increased by 24% to ₹1,153 Cr in Q3 FY26.
Asset Quality and Capital
- Loan Losses & Provisions: Stood at ₹56 Cr in Q3 FY26.
- Credit Cost: Recorded at 0.19%.
- Capital Adequacy Ratio: Strong at 23.15%.
Future Outlook
The management provided the following outlook for FY26:
- AUM Growth: Expected to be between 21-23%.
- Opex to NTI: Projected at 20-21%.
- GNPA: Estimated at 35-40 bps.
Source: BSE
