Bajaj Housing Finance has announced robust financial results for the quarter ended December 31, 2025, demonstrating strong operational performance across key metrics. The housing finance company showcased significant year-on-year growth in profitability and business expansion, reinforcing its position in the housing finance sector.

Financial Performance Highlights

The company delivered impressive financial results for Q3FY26, with substantial improvements in both profitability and asset growth.

Profitability and Revenue Growth

Bajaj Housing Finance's net profit after tax increased by 21% to ₹665 crore in Q3FY26, compared to ₹548 crore in the corresponding quarter of the previous year. The profit before tax also grew by 21% to ₹865 crore from ₹713 crore year-on-year. Net interest income demonstrated strong momentum, rising 19% to ₹963 crore from ₹806 crore in Q3FY25.

Asset Quality and Business Expansion

The company maintained healthy asset quality metrics while achieving significant business growth. Assets under management expanded by 23% to ₹1,33,412 crore as of December 31, 2025, compared to ₹1,08,314 crore in the previous year. Loan assets similarly grew by 23% to ₹1,17,305 crore from ₹95,570 crore year-on-year.

Corporate Governance and Leadership

The Board of Directors also approved the appointment of Shri Ajay Kumar Choudhary as an Additional Director (Independent) effective March 1, 2026, for a tenure of five consecutive years, subject to member approval. Choudhary brings over three decades of experience from the Reserve Bank of India, where he served as Executive Director until October 2023.

Operational Efficiency

The company demonstrated improved operational efficiency with operating expenses to net total income ratio improving to 19.0% in Q3FY26 from 19.8% in Q3FY25. However, loan losses and provisions increased to ₹56 crore from ₹35 crore in the previous year quarter, including a ₹10 crore management overlay release.

Source: Bajaj Housing Finance Limited quarterly results announcement

Bajaj Finance Limited has successfully completed a significant debt fundraising exercise, allotting secured redeemable non-convertible debentures worth Rs 5,120.00 crore through private placement. The Debenture Allotment Committee of the company approved this allotment during its meeting held on 27 January 2026, which commenced at 12:15 p.m. and concluded at 12:30 p.m.

Debenture Issue Details

The company has allotted 5,120,000 NCDs with each debenture carrying a face value of Rs 1 lakh. The debentures offer an attractive coupon rate of 7.65% per annum, with the first coupon payment scheduled for 27 January 2027, followed by annual payments thereafter until maturity.

Redemption and Payment Schedule

The debentures feature a structured redemption schedule spread over multiple years, providing flexibility in repayment. The redemption will occur in three tranches, with the final maturity extending to 25 January 2036.

The coupon payment schedule includes annual payments starting from 27 January 2027 and continuing through 27 January 2033, with subsequent payments on 27 January 2034, 25 January 2035, and 25 January 2036.

Security and Listing Details

The debentures are secured by a first pari passu charge on book debts and loan receivables. For original investors, the security cover is maintained at 1.10 times, while for subsequent investors who acquire the debentures from original investors, the asset cover is 1 time. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited, providing liquidity options for investors.

Corporate Compliance

This allotment has been completed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all regulatory requirements for the private placement of secured debentures, ensuring transparency and adherence to market regulations.