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Bajaj Housing Finance Ltd

| Financial Results for Q4 and Financial Year Ended March 31, 2026

Report Source

⬤27th Apr 26

Summary : Bajaj Housing Finance reports strong growth in AUM and profits with stable asset quality.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Finance costs
  2. Fees and commission expense
  3. Impairment on financial instruments
  4. Employee benefits expense
  5. Depreciation and amortisation expenses
  6. Other expenses
  7. Interest income
  8. Fees and commission income
  9. Net gain on fair value change
  10. Sale of services
  11. Income on derecognised (assigned) loans
  12. Other operating income
  13. Other income
  14. Net cash used in operating activities: (₹19,894.86) crore (FY26).
  15. Net cash used in investing activities: (₹1,201.68) crore (FY26).
  16. Net cash generated from financing activities: ₹21,196.71 crore (FY26).
  17. Total Assets: ₹1,27,147.05 crore (FY26) vs ₹1,02,808.75 crore (FY25).
  18. Loans: ₹1,23,745.05 crore (FY26) vs ₹99,512.86 crore (FY25).
  19. Debt securities: ₹51,014.71 crore (FY26) vs ₹39,765.70 crore (FY25).
  20. Borrowings (other than debt securities): ₹52,642.08 crore (FY26) vs ₹42,268.61 crore (FY25).
  21. Equity: ₹22,522.79 crore (FY26) vs ₹19,946.80 crore (FY25).
  22. Secured non-convertible debentures issued/redeemed.
  23. Interest paid on non-convertible debentures.
  24. Business support charges paid/received.
  25. Contribution to Equity Shares.
  26. Loan portfolio assigned out.
  27. Purchase/sale of property, plant and equipment.
  28. Security deposit received for leased premises.
  29. Servicing fees received/paid.
  30. Rent income.
  31. Sourcing commission paid.
  32. Company's contribution towards NDS.
  33. Services received (Hind Musafir Agency Limited).
  34. Outsourcing manpower supply services (Bajaj Staffing Solutions Limited).
  35. Advance towards insurance expenses.
  36. Insurance expenses.
  37. Commission income.
  38. Digital Advertisement charges received.
  39. Information technology design and development charges.
  40. Short term benefits (Sitting Fees, Commission, Remuneration).
  41. Standalone, as the company has no subsidiary/associate/joint venture entity.

Corporate Overview

  1. COVID-19 related stress resolution framework.
  2. One-time charge due to changes in New Labour Codes.
  3. Subsidiary of Bajaj Finance Limited.
  4. Committed line of credit from Bajaj Finance Limited.
  5. Engaged primarily in the business of financing.
  6. Non-deposit taking housing finance company.
  7. Factual and compliant, reporting financial results and regulatory disclosures.
  8. Home Loans
  9. Loan against property
  10. Lease rental discounting
  11. Developer Finance
  12. Others

Risk Factors

  1. COVID-19 related stress resolution framework.
  2. One-time charge from new labor codes.
  3. Reliance on parent for credit support.
  4. Regulatory compliance for debt security issuance.

Key Drivers

  1. Assets under management grew 23%.
  2. Net interest income increased 25%.
  3. Profit after tax increased 18%.
  4. Stable asset quality, low NPA ratios.

Auditor’s Report

  1. Unmodified opinion (free from any qualifications).

Board Commentary

  1. COVID-19 related stress on individuals and small businesses.
  2. Compliance with SEBI Listing Regulations.
  3. Compliance with RBI and NHB guidelines.
  4. Impact of new Labour Codes on past service cost.

Corporate Governance

  1. Complied with Code of Ethics issued by ICAI.
  2. Audit Committee
  3. Board of Directors

Management Discussion & Analysis

Performance Drivers

  1. Assets under management grew by 23% to ₹1,40,706 crore.
  2. Net interest income increased by 25% in FY26.
  3. Net total income increased by 23% in FY26.
  4. Profit after tax increased by 18% in FY26.
  5. Gross NPA and Net NPA stood at 0.27% and 0.11% respectively.

Risk Control Measures

  1. Resolution Framework for COVID-19 related stress.

Critical Risks

  1. COVID-19 related stress on individuals and small businesses.