Earnings Review
Bajaj Housing Q2 PAT up 18% as net interest income surges
This story was originally published at 18:01 IST on 6 November 2025
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--Bajaj Housing Fin Jul-Sept PAT INR 6.43 bln
--Bajaj Housing Fin Jul-Sept revenue INR 27.55 bln vs INR 24.10 bln yr ago
--Bajaj Housing Fin Apr-Sept, PAT INR 6.43 bln vs INR 5.46 bln
--Bajaj Housing Fin Jul-Sept PAT INR 6.43 bln vs INR 5.46 bln year ago
--Bajaj Housing Fin H1 net profit INR 12.26 bln vs INR 10.28 bln year ago
--Bajaj Housing Fin Apr-Sept revenue INR 53.71 bln vs INR 46.19 bln yr ago
--Bajaj Housing gross NPA ratio 0.26% as on Sept 30 vs 0.29% year ago
--Bajaj Housing net NPA ratio 0.12% as on Sept 30, unch from year ago
--Bajaj Housing assets under mgmt INR 1.27 tln as on Sept 30, up 24% YoY
By Vaishali Tyagi
MUMBAI – Bajaj Housing Finance Ltd.'s net profit for the September quarter rose nearly 18% on year to INR 6.43 billion due to strong growth in net interest income. Sequentially, the non-banking company's profit was up over 10%.
The company's interest income rose over 17% to INR 26.14 billion. The net interest income, that is interest income less finance cost of INR 16.58 billion, rose 34% on year to INR 9.6 billion in the September quarter. The company's net interest margin for the quarter was 4%, unchanged from previous quarter.
The company's net non-performing asset ratio was 0.12% as of Sept. 30, unchanged from year ago. Its gross NPA ratio improved to 0.26% as on Sept. 30 from 0.29% a year ago. The company's provisions rose for the quarter to INR 500 million from INR 50 million in the corresponding period a year ago.
The housing financier had INR 1.27 trillion of assets under management as of Sept. 30, up 24% on year. On Thursday, shares of the non-bank financial company closed down 0.2% at INR 109.38 on the National Stock Exchange.
The lender's liquidity coverage ratio as on Sept. 30 was 176%, against the regulatory requirement of 100%. Its capital adequacy ratio was 26.12% as on Sept. 30, against the regulatory requirement of 15% of which Tier-1 capital was 25.61%. The company's return on equity for Jul-Sept was lower at 12.2% against 13.0% in the second quarter of 2024-25 (Apr-Mar) due to capital raised in FY25.
The company expects its net interest income in FY26 to be stable and in line with FY25, but net interest margin is expected to moderate by 15-20 basis points due to reduction in investment income which in FY25 was higher due to two rounds of capital raises and lower income on derecognised loans due to lower assignment planned in FY26. The return on assets in FY26 is expected to remain rangebound in line with previous two quarters, the company said in an investor presentation.
Bajaj Housing Finance's net profit for Apr-Sept was INR 12.26 billion, up over 19% on year. Revenue for the said period was up slightly over 16% on year at INR 53.71 billion. End
Edited by Ashish Shirke
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