Bajaj Housing Finance Limited reported a robust performance for the quarter ended 31 March 2026. The company achieved a 23% year-on-year growth in Assets Under Management (AUM), surpassing INR 140,000 crores. Despite a competitive environment, profitability remained healthy, with the company maintaining stable asset quality and improving operating efficiency. The management expressed confidence in the company’s growth trajectory and its ability to navigate interest rate volatility.
Quarterly Financial Performance
Bajaj Housing Finance saw significant expansion in the fourth quarter of the financial year 2026. The AUM grew by 23%, reaching over INR 140,000 crores. While reported Profit After Tax (PAT) rose by 14%, normalizing for one-time tax benefits from the previous year highlights a consistent 20% growth. Operating efficiency also saw a marked improvement, with the Opex to Net Total Income (NTI) ratio strengthening to 19.2%, compared to 21.8% in the same period last year.
Stable Asset Quality and Portfolio Diversification
The company maintains a high standard of asset quality, with Gross Non-Performing Assets (GNPA) remaining stable at 27 basis points and Net NPA at 11 basis points. The portfolio remains well-diversified, with home loans continuing to be the dominant product at 54.1% of the mix, followed by Lease Rental Discounting (LRD) at 22.4%, Developer Finance at 11.5%, and Loan Against Property (LAP) at 10.8%.
Strategic Outlook and Expansion
The ‘Sambhav’ housing initiative continues to scale, with AUM reaching approximately INR 9,000 crores. The business is operational across 73 locations and 72 Tier-4 locations, focusing on the near-prime and affordable housing segments. Management remains optimistic about sustaining growth at 2x of the industry rate, focusing on organic expansion while navigating potential interest rate fluctuations through a largely floating-rate portfolio.
Source: BSE
