Bajaj Housing Finance Limited (BHFL) reported a strong set of numbers for the fourth quarter ending March 31, 2026. The company maintained its trajectory of consistent growth, fueled by robust disbursements and sector-leading asset quality.
Q4 FY26 Financial Highlights (YoY)
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Net Profit: Rose 14% to ₹669 crore, up from ₹587 crore in Q4 FY25.
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Net Interest Income (NII): Increased 15% to ₹945 crore, driven by healthy expansion in the loan book.
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Net Total Income: Grew 20% to ₹1,141 crore.
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Operating Efficiency: The Opex-to-Net Total Income ratio improved to 19.2%, down from 21.8% a year ago.
Business Growth & Assets Under Management (AUM)
The company continues to scale its operations rapidly across the housing finance segment:
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Total AUM: Crossed the ₹1.40 lakh crore milestone, reaching ₹1,40,706 crore as of March 31, 2026—a 23% growth year-on-year.
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Disbursements: Quarterly gross disbursements grew by 23% to ₹17,506 crore.
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Loan Assets: The on-balance sheet loan assets stood at ₹1,23,745 crore, representing a 24% increase.
Asset Quality & Provisions
BHFL maintains some of the best asset quality metrics in the industry:
| Metric | Q4 FY26 | Q4 FY25 |
| Gross NPA (GNPA) | 0.27% | 0.29% |
| Net NPA (NNPA) | 0.11% | 0.11% |
| Provision Coverage (Stage 3) | ~60% | — |
While asset quality remained stable, loan losses and provisions more than doubled to ₹55 crore (from ₹26 crore in the previous year), reflecting a more cautious provisioning stance as the loan book expands.
Full-Year Performance (FY26 vs FY25)
For the full financial year 2025-26, the lender reported:
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Profit After Tax (PAT): ₹2,560 crore, an 18% increase from ₹2,163 crore.
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Total Disbursements: ₹64,616 crore, up 27% year-on-year.
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Capital Adequacy: Stood robust at 22.46%, well above the regulatory requirement of 15%.
Market Context
As an Upper Layer NBFC, Bajaj Housing Finance continues to hold the highest credit ratings (AAA/Stable) from CRISIL and India Ratings. The board also announced that the 18th Annual General Meeting (AGM) is scheduled for July 29, 2026.
