Bajaj Housing Finance Q2 Results: PAT rises 18% YoY to Rs 757 crore, AUM grows 25%
Bajaj Housing Finance reported an 18% year-on-year rise in Q2 FY27 profit to Rs 757 crore, while net interest income increased 10%. Assets under management grew 25% to Rs 1.58 lakh crore, with asset quality remaining largely stable.
By Kumar Gaurav, ETMarkets.com |
ANI
Bajaj Housing Finance posted higher Q2 profit and growing assets under management, supported by rising net interest income and broadly stable asset quality.
Bajaj Housing Finance reported an 18% year-on-year (YoY) increase in profit after tax (PAT) to Rs 757 crore for the second quarter of FY27, compared with Rs 643 crore in the corresponding quarter of the previous financial year.
Net interest income (NII) rose 10% YoY to Rs 1,055 crore in Q2FY27 from Rs 956 crore in Q2FY26. Net total income increased 15% to Rs 1,254 crore from Rs 1,090 crore a year earlier, according to the exchange filing submitted by the company.
The company's operating expenses to net total income ratio improved to 19.1% in Q2FY27 from 19.7% in the year-ago quarter. Loan losses and provisions declined to Rs 35 crore from Rs 43 crore in Q2FY26.
ALSO READ: Jio IPO GMP at 20%: Grey market signals Rs 220 premium as brokerages say subscribe
Assets under management rise 25%
Bajaj Housing Finance's assets under management (AUM) grew 25% YoY to Rs 1,58,205 crore as of September 30, 2026, compared with Rs 1,26,749 crore as of September 30, 2025.
Asset quality remained largely stable during the period. Gross non-performing assets (GNPA) stood at 0.29% as of September 30, 2026, compared with 0.26% a year earlier. Net non-performing assets (NNPA) remained unchanged at 0.12%.
The provisioning coverage ratio on Stage 3 assets was reported at 60%, while the company's capital adequacy ratio, including Tier-II capital, stood at 21.24% as of September 30, 2026.
The housing finance company holds an AAA/Stable rating for its long-term debt programme from CRISIL and India Ratings. Its short-term debt programme carries an A1+ rating from both agencies.
Bajaj Housing Finance share price
Shares of Bajaj Housing Finance ended Friday's trading session at Rs 83.36 on the NSE, down 0.50% from the previous close of Rs 83.78, according to exchange data.
The stock has declined 13.22% in 2026 so far. It has traded in a 52-week range of Rs 72.65 to Rs 112.40 on the NSE.
At the latest closing price, the company's market capitalisation stood at approximately Rs 69,458 crore on the NSE.
About Bajaj Housing Finance
Bajaj Housing Finance Ltd (BHFL), a subsidiary of Bajaj Finance Ltd, is a non-deposit-taking housing finance company registered with the National Housing Bank in 2015 and operational since 2017.
The company is classified as an Upper Layer non-banking financial company (NBFC) under the Reserve Bank of India's Scale Based Regulation framework. Its shares have been listed on the NSE and BSE since September 2024. The company is regulated by the RBI, SEBI and IRDAI, and supervised by the NHB.
Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
Net interest income (NII) rose 10% YoY to Rs 1,055 crore in Q2FY27 from Rs 956 crore in Q2FY26. Net total income increased 15% to Rs 1,254 crore from Rs 1,090 crore a year earlier, according to the exchange filing submitted by the company.
The company's operating expenses to net total income ratio improved to 19.1% in Q2FY27 from 19.7% in the year-ago quarter. Loan losses and provisions declined to Rs 35 crore from Rs 43 crore in Q2FY26.
ALSO READ: Jio IPO GMP at 20%: Grey market signals Rs 220 premium as brokerages say subscribe
Assets under management rise 25%
Bajaj Housing Finance's assets under management (AUM) grew 25% YoY to Rs 1,58,205 crore as of September 30, 2026, compared with Rs 1,26,749 crore as of September 30, 2025.
ADVERTISEMENT
Asset quality remained largely stable during the period. Gross non-performing assets (GNPA) stood at 0.29% as of September 30, 2026, compared with 0.26% a year earlier. Net non-performing assets (NNPA) remained unchanged at 0.12%.
The provisioning coverage ratio on Stage 3 assets was reported at 60%, while the company's capital adequacy ratio, including Tier-II capital, stood at 21.24% as of September 30, 2026.
The housing finance company holds an AAA/Stable rating for its long-term debt programme from CRISIL and India Ratings. Its short-term debt programme carries an A1+ rating from both agencies.
Bajaj Housing Finance share price
ADVERTISEMENT
Shares of Bajaj Housing Finance ended Friday's trading session at Rs 83.36 on the NSE, down 0.50% from the previous close of Rs 83.78, according to exchange data.
The stock has declined 13.22% in 2026 so far. It has traded in a 52-week range of Rs 72.65 to Rs 112.40 on the NSE.
ADVERTISEMENT
At the latest closing price, the company's market capitalisation stood at approximately Rs 69,458 crore on the NSE.
About Bajaj Housing Finance
Bajaj Housing Finance Ltd (BHFL), a subsidiary of Bajaj Finance Ltd, is a non-deposit-taking housing finance company registered with the National Housing Bank in 2015 and operational since 2017.
The company is classified as an Upper Layer non-banking financial company (NBFC) under the Reserve Bank of India's Scale Based Regulation framework. Its shares have been listed on the NSE and BSE since September 2024. The company is regulated by the RBI, SEBI and IRDAI, and supervised by the NHB.
Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Bajaj Housing Finance Q2 Results: Net profit jumps 21% YoY to Rs 546 crore, NII rises 13%ADVERTISEMENT
