Bajaj Housing Finance Limited reported a 23% year-on-year increase in profit after tax to ₹715.28 crore for the quarter ended June 30, 2026, driven by robust loan disbursements and stable asset quality. The lender's assets under management (AUM) expanded by 24% to ₹1,49,624 crore, while gross non-performing assets (GNPA) remained contained at 0.29%. Net interest income grew by 9% to ₹968 crore, and total revenue for the quarter stood at ₹30.63 billion, compared to ₹26.2 billion in the same period last year.

The Board of Directors approved the unaudited financial results on July 29, 2026, in compliance with Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Joint statutory auditors Singhi & Co. and Mukund M. Chitale & Co. issued an unmodified limited review report on the financial statements prepared under Ind AS. The filing also included disclosures on security cover for non-convertible debentures and utilization of proceeds from commercial papers.

Financial Performance Highlights

Net interest income rose by 9% to ₹968 crore, while total income increased by 16% to ₹1,175 crore. Operating expenses as a percentage of net total income improved to 19.6% from 21.2% in the previous year, reflecting better cost efficiency. Loan losses and provisions dropped significantly by 58% to ₹16 crore, contributing to the bottom-line growth.

Asset Quality and Capital Adequacy

The company maintained strong capital adequacy with a capital-to-risk-weighted assets ratio of 21.59%, well above the regulatory requirement of 15%. Provision coverage for stage-3 assets stood at approximately 59%. Disbursements surged by 33% to ₹19,509 crore, led by growth in home loans, lease rental discounting, and developer finance segments.

What the Numbers Show

The divergence between revenue growth and expense control highlights operational leverage. While interest expenses rose by 18%, operating expenses grew only marginally at 7%, allowing pre-provisioning operating profit to expand by 19%. The significant drop in loan provisions, coupled with stable GNPA levels, suggests that earlier provisioning buffers are now supporting earnings without compromising asset quality metrics.

Portfolio Growth Drivers

Home loans constituted the largest share of AUM at ₹80,865 crore, growing by 20% year-on-year. Lease rental discounting emerged as a key growth engine, expanding by 41% to ₹34,604 crore. Developer finance also saw healthy growth of 19%, reaching ₹17,002 crore. These segmental gains contributed to the overall 24% expansion in loan assets to ₹1,31,162 crore.

The company confirmed that all secured non-convertible debentures maintain adequate security cover through hypothecation of book debts and loan receivables. Proceeds from recent private placement issues totaling ₹8,455 crore were fully utilized as per disclosed objects, with no deviations reported.

Bajaj Housing Finance Limited has scheduled a conference call to discuss its financial performance for the quarter ended June 30, 2026. The earnings call is set for Wednesday, July 29, 2026, at 18:30 IST. This session will allow investors and analysts to review the company's Q1FY27 results and gain insights into its quarterly financial outcomes.

The proceedings will be led by the company's senior management team, including Mr. Atul Jain, Managing Director, and Mr. Gaurav Kalani, Chief Financial Officer. The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conference Call Access Details

A webcast link will also be available for those unable to dial in. The company has requested the exchanges to take the intimation on record. The registered office of Bajaj Housing Finance Limited is located in Pune, Maharashtra.