Earnings Review
Bajaj Housing Fin Q4 PAT up 14% YoY as NII rises 15%
This story was originally published at 21:20 IST on 27 April 2026
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--Bajaj Housing Finance Jan-Mar PAT INR 6.69 bln
--Analysts saw Bajaj Housing Finance Jan-Mar PAT at INR 6.91 bln
--Bajaj Housing Finance Jan-Mar revenue INR 29.03 bln
--Bajaj Housing Fin Jan-Mar PAT INR 6.69 bln vs INR 5.87 bln year ago
--Bajaj Housing Fin Jan-Mar revenue INR 29.03 bln vs INR 25.04 bln yr ago
--Bajaj Housing Fin FY26 net profit INR 25.60 bln vs INR 21.63 bln year ago
--Bajaj Housing Fin FY26 revenue INR 111.47 bln vs INR 95.54 bln year ago
--Bajaj Housing gross NPA ratio 0.27% on Mar 31 vs 0.29% year ago
--Bajaj Housing net NPA ratio 0.11% on Mar 31 unch from year ago
--Bajaj Housing: Provision coverage ratio 59.78% on Mar 31 vs 60.25% yr ago
--Bajaj Housing: Liquidity coverage ratio 146.10% on Mar 31 vs 190.93% yr ago
--Bajaj Housing Jan-Mar net interest income INR 9.45 bln, up 15% YoY
--Analysts saw Bajaj Housing Fin Jan-Mar net interest income at INR 9.97 bln
--Bajaj Housing assets under mgmt INR 1.41 tln on Mar 31, up 23% YoY
--Bajaj Housing Tier-II capital adequacy ratio 22.46% as of Mar. 31
By Cassandra Carvalho
MUMBAI – Bajaj Housing Finance Ltd. posted an over 14% on-year rise in its net profit for the March quarter, driven by a 15% rise in its net interest income. The housing financier's bottom line was a tad below analysts' expectations and the lowest on-year growth in at least six quarters, as total expenses increased 14% on-year.
The home loan company's net profit came in at INR 6.69 billion in the reporting quarter, slightly below analysts' expectations of INR 6.91 billion. Sequentially, Bajaj Housing's growth in net profit was marginal. The company's net interest income in the March quarter was INR 9.45 billion, up from INR 8.23 billion in the year-ago period. The average of estimates from four brokerages had pegged the company's net interest income at INR 9.97 billion, up 21% on year.
The non-bank lender's total income rose nearly 16% on-year and 1% on-quarter to INR 29.03 billion in Jan-Mar. Its expenses rose to INR 20.37 billion from INR 17.84 billion a year ago. Sequentially, expenses rose nearly 2%. Assets under management of the company rose 23% on year to INR 1.41 trillion in the March quarter.
In its product-wise assets under management, the company posted the highest on-year growth in lease rental discounting, which rose 44% on year to INR 315.31 billion in Jan-Mar. This was followed by a 24% on-year growth in loans against property. However, home loans, which accounted for the largest share of its assets at INR 760.55 billion, rose 18% on-year in the reporting quarter.
Bajaj Housing, a subsidiary of Bajaj Finance Ltd., saw loan assets grow 24% on year to INR 1.24 trillion in Jan-Mar. Disbursements were INR 175.06 billion in the reporting quarter, up from INR 142.54 billion in the year-ago quarter.
As for asset quality, the company's gross non-performing asset ratio was 0.27% as of Mar. 31, down from 0.29% a year ago. Its net non-performing asset ratio was 0.11% as of Mar. 31, unchanged from a year ago. The provisioning coverage ratio on stage-3 assets was 59.78% as of Mar. 31, little changed from 60.25% a year ago.
The housing financier's capital adequacy ratio was 22.46% as of Mar. 31. The non-bank's liquidity coverage ratio was 146.10% for the quarter ended Mar. 31, down from 190.93% in the year-ago period.
For the financial year ended Mar. 31, the company reported on-year growth of over 18% in its net profit to INR 25.60 billion, while its total income rose nearly 17% on year to INR 111.50 billion. Monday, shares of the company closed at INR 91.07 on the National Stock Exchange, up 1.9% from the previous close. The company announced its results after market hours. End
Edited by Saji George Titus
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