Bajaj Housing Finance Reports Strong Q2 FY26 Results; AUM up 24%, PAT up 18%; Hosts Investor Call
Bajaj Housing Finance reported robust Q2 FY26 results with AUM up 24% and PAT up 18%. Asset quality improved, and operating efficiency enhanced. The company provided FY26 guidance and held an investor conference call.
The announcement has a high impact as it provides a comprehensive overview of the company's financial performance for Q2 FY26, including key metrics like AUM, PAT, asset quality, and operating efficiency. It also includes future guidance for FY26, which is crucial for investor decision-making.
The sentiment is positive due to strong year-on-year growth in Assets Under Management (AUM) by 24% and Profit After Tax (PAT) by 18% for Q2 FY26. Improved asset quality with lower GNPA and NNPA, along with enhanced operating efficiency, further supports the positive outlook. However, the moderated FY26 guidance for AUM growth and ROE indicates some headwinds.
Bajaj Housing Finance Limited (BAJAJHFL) released its Investor Presentation for the unaudited financial results for the quarter ended 30 September 2025, following its letter dated 24 October 2025. The company also hosted a live webcast of its conference call today, 6 November 2025, at 6:15 p.m. IST. The investor presentation is available on the company's website.
Key financial highlights for Q2 FY26: * Assets Under Management (AUM) grew by 24% year-on-year (YoY) to ₹1,26,749 crore. * Profit After Tax (PAT) increased by 18% YoY to ₹643 crore. * Profit Before Tax (PBT) rose by 18% YoY to ₹833 crore. * Annualized Return on Assets (RoA) stood at 2.3% and Return on Equity (RoE) at 12.2%. * Asset quality improved with Gross Non-Performing Assets (GNPA) at 0.26% and Net Non-Performing Assets (NNPA) at 0.12%. * Annualized credit cost was 0.18%. * Operating efficiency improved, with Opex to Net Total Income (NTI) ratio at 19.6% as against 20.5% in Q2 FY25. * Disbursements grew by 32% YoY from ₹12,014 crore in Q2 FY25 to ₹15,914 crore in Q2 FY26. * Net Interest Income (NII) increased by 34% to ₹956 crore. * Cost of Funds (COF) reduced by 34 basis points sequentially to 7.4%. * Capital Adequacy Ratio (CRAR) was comfortable at 26.12%, with Tier-1 capital at 25.61%. * Net worth stood at ₹21,170 crore as of 30 September 2025.
Management Assessment and FY26 Guidance: * AUM Growth is assessed to be 21-23% for FY26, moderated due to heightened competitive pricing and increased portfolio attrition. * Opex to NTI is expected to be 20-21% for FY26, flat compared to FY25 due to investments in SBU and non-metro markets. * GNPA is projected to be 35-40 bps, Credit Cost 15-20 bps, and PCR 50-60%, holding well within medium-term guidance. * RoA is expected to remain rangebound at 2.0-2.2%. * RoE is expected to moderate to 11-12% for FY26 due to equity overhang from capital raises in FY25.
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See the model portfoliosA plain-language summary of a public exchange filing by Bajaj Housing Finance Limited. Read the original for the full detail.