Bajaj Housing Finance reported a robust performance in Q2 FY26, reflecting steady growth in both profitability and assets under management. The company’s focus on disciplined lending and operational efficiency helped it post a healthy quarter despite a competitive market environment.
Market Performance Snapshot
- Net Profit (PAT): ₹643 crore, up 18% YoY
- Revenue from Operations: ₹2,755 crore, 14% YoY growth
- Net Interest Income (NII): ₹956 crore, up 34% YoY
- Assets Under Management (AUM): ₹1.27 lakh crore, up 24% YoY
The stock closed slightly lower at ₹109.35 on the BSE, reflecting a minor market correction amid broader market movements.
Bajaj Housing Finance Q2 Highlights
The company maintained a stable growth trajectory across all key metrics:
- Profit After Tax: ₹643 crore in Q2 FY26 compared to ₹546 crore in Q2 FY25.
- Revenue Growth: Revenue from operations rose by 14% YoY, highlighting consistent business expansion.
- Interest Income: Net interest income surged by 34% year-on-year to ₹956 crore.
- AUM Growth: Assets under management increased 24% YoY, reaching ₹1.27 lakh crore.
The firm’s asset quality remained healthy, supporting sustainable growth.
Financial Health and Asset Quality
Bajaj Housing Finance reported strong fundamentals with well-maintained capital and minimal credit risks:
- Gross NPA: 0.26% (down from 0.29% YoY)
- Net NPA: 0.12% (unchanged from last year)
- Provisioning Coverage Ratio: ~56% for stage 3 assets
- Capital Adequacy Ratio (CAR): 26.12% including Tier-II capital
The company continues to hold the highest credit ratings: AAA/Stable for long-term debt and A1+ for short-term debt, reflecting strong financial discipline.
Disbursement and Operational Efficiency
Bajaj Housing Finance also saw significant growth in loan disbursements and operational metrics:
- Disbursement Growth: ₹15,914 crore in Q2 FY26, 32% higher YoY (₹12,014 crore in Q2 FY25)
- Quarter-on-Quarter Comparison: Slight increase from ₹14,651 crore in Q1 FY26
- Operational Efficiency: Opex to NTI ratio improved to 19.6% from 20.5% in Q2 FY25
This reflects the company’s focus on improving operating efficiency while maintaining high credit quality.
Summary
Bajaj Housing Finance’s Q2 FY26 results show a healthy upward trend across profitability, AUM, and operational efficiency. With strong asset quality, steady disbursements, and disciplined financial management, the company continues to strengthen its presence in the housing finance sector.
- Net Profit: ₹643 crore, up 18% YoY
- Revenue: ₹2,755 crore, up 14% YoY
- AUM: ₹1.27 lakh crore, up 24% YoY
- Gross NPA/Net NPA: 0.26% / 0.12%
- Capital Adequacy: 26.12%
Bajaj Housing Finance continues to showcase solid growth with stable fundamentals, making Q2 FY26 a positive quarter for the company.
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