Bajaj Housing Finance Releases FY26 Investor Presentation: AUM Grows 23% to ₹1,40,706 Cr, PAT Up 18% to ₹2,560 Cr

Bajaj Housing Finance Limited filed its FY26 investor presentation with BSE Limited and the National Stock Exchange of India Limited on 11 May 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation, prepared for analysts and institutional investors, covers the company's operational journey, strategic construct, financial performance, and digital capabilities. It has also been made available on the company's website under the 'Investor Presentation – FY26' section.

Financial Performance: FY26 and Q4 FY26 Highlights

Bajaj Housing Finance delivered strong financial results for FY26, surpassing several of its own initial assessment targets. The following table summarizes the key financial metrics for FY26 and Q4 FY26:

Metric:	Q4 FY26	Q4 FY25	YoY Change	FY26	FY25	YoY Change
Assets Under Management (₹ Cr)	1,40,706	1,14,684	23%	1,40,706	1,14,684	23%
Loan Assets (₹ Cr)	1,23,745	99,513	24%	1,23,745	99,513	24%
Interest Income (₹ Cr)	2,707	2,374	14%	10,512	8,986	17%
Interest Expenses (₹ Cr)	1,762	1,551	14%	6,760	5,979	13%
Net Interest Income (₹ Cr)	945	823	15%	3,752	3,007	25%
Net Total Income (₹ Cr)	1,141	954	20%	4,391	3,575	23%
Operating Expenses (₹ Cr)	220	208	6%	867	747	16%
Pre-Provisioning Operating Profit (₹ Cr)	921	746	23%	3,524	2,828	25%
Loan Losses & Provision (₹ Cr)	55	26	112%	191	58	229%
Profit Before Tax (₹ Cr)	866	720	20%	3,320	2,770	20%
Profit After Tax (₹ Cr)	669	587	14%	2,560	2,163	18%

Key Ratios

Ratio:	FY26	FY25
Opex to NTI	19.7%	20.9%
Loan Loss to Average Loan Assets (Annualized)	0.17%	0.07%
Gross NPA (%)	0.27%	0.29%
Return on Average Loan Assets (Annualized)	2.3%	2.4%
Return on Average Equity (Annualized)	12.1%	13.4%

FY26 Initial Assessment vs. Actual Performance

The company's actual FY26 outcomes were measured against its initial assessment targets across key financial indicators. Bajaj Housing Finance met or exceeded its targets on most parameters, as detailed below:

Key Financial Indicator:	FY26 Assessment	Actual Status
AUM Growth	21–23%	23%
Opex to NTI	20–21%	19.7%
GNPA	35–40 bps	27 bps
Credit Cost	15–20 bps	17 bps
Return on Assets	2.0–2.2%	2.3%
Return on Equity	11–12%	12.1%

AUM Growth Trajectory and Peer Comparison

Bajaj Housing Finance has recorded a 58% CAGR in AUM since inception, growing from ₹3,570 Cr in FY18 to ₹1,40,706 Cr in FY26. The company's five-year CAGR of 29% compares favorably against peers in the housing finance segment. The presentation also highlights key milestones, including crossing the ₹25,000 Cr, ₹50,000 Cr, and ₹1,00,000 Cr AUM milestones at various stages of its operational journey.

Company:	AUM (₹ Cr)	Last 5-Year CAGR
BHFL	1,40,706	29%
Peer HFC 1	3,07,732	8%
Peer HFC 2	90,921	4%
Peer HFC 3	42,209	14%

Strategic Construct and Business Model

Bajaj Housing Finance operates as the 2nd largest Housing Finance Company (HFC) offering a full suite of mortgage products, including Home Loans (54.1% of portfolio), Lease Rental Discounting or LRD (10.8%), Developer Financing or DF (22.4%), and Loan Against Property or LAP (11.5%), with 1.2% in others as of 31st Mar'26. The company's strategic framework is built around four pillars:

Scale: Prime home loans and LRD serve as anchor products, with a target to increase incremental home loan market share from ~2.5–2.7% to 5%.
Low Risk: Maintaining GNPA in the range of 40–60 bps as portfolios mature, with annualized credit cost of 20–25 bps.
Reasonable Return: An optimum product mix including ~12% construction finance, ~11% LAP, and Sambhav home loans constituting 12% of home loans, targeting ROA of 2.0–2.2% and ROE of 13–15%.
Full Mortgage Product Suite: Coverage across all mortgage segments and sub-segments to deliver scale, low risk, and reasonable return.

On the liability side, the borrowing mix comprises NCDs at 43.9%, bank borrowings at 40.8%, NHB at 10.0%, and Commercial Paper at 5.3%, with the company focused on enhancing long-tenor borrowing for ALM management.

Industry Context

The home loans industry recorded a 13.4% CAGR from FY20 to FY26E, with growth expected in the range of 14–16% till FY28, according to CRIF Highmark, Crisil Intelligence, and company estimates. The lender-wise market share has remained skewed towards banks, with moderation in HFC share from FY21 to FY25. The total home loan portfolio is estimated in excess of ₹45 Lakh Cr, against which Bajaj Housing Finance's total portfolio stood at ₹1.41 Lakh Cr, indicating significant headroom for medium-term growth.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.47%	-1.06%	+2.09%	-21.22%	-27.20%	-47.72%

Bajaj Housing Finance Limited has informed the stock exchanges of an upcoming institutional investor meeting scheduled for Tuesday, 12 May 2026. The disclosure was made on 7 May 2026 by Company Secretary Atul Patni, in compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Institutional Investor Meeting Details

The company has scheduled a physical group meeting with a group of institutional investors in Boston. The key details of the scheduled meeting are as follows:

Parameter:	Details
Day & Date:	Tuesday, 12 May 2026
Type:	Group Meet
Mode:	Physical
Venue:	Boston
Particulars:	Meeting with group of institutional investors

Scope of Discussions

Bajaj Housing Finance has clarified that discussions during the meeting will pertain to publicly available information only. The company has also noted that the schedule may undergo change on account of exigencies on the part of investors or the company.