Shares of Bajaj Housing Finance declined in Tuesday’s trading session, falling 1.72% to ₹89.50, even as the company reported a robust performance for the March quarter of FY26. The stock slipped to around ₹90 levels after the company posted a 14% year-on-year (YoY) rise in net profit to ₹669 crore for Q4 FY26. The results were announced post-market hours on Monday, with brokerages largely highlighting strong asset quality while cautioning about rising competition from banks in the home loan segment.
Revenue from operations grew nearly 16% YoY to ₹2,903 crore, while net total income rose 20% to ₹1,141 crore, supported by steady loan growth and stable margins. Net interest income (NII) also increased 15% YoY to ₹945 crore, reflecting continued expansion in the company’s loan book. Profit before tax climbed 20% YoY to ₹866 crore, indicating improving operating leverage despite a rise in provisions. However, loan losses and provisions more than doubled to ₹55 crore, suggesting a cautious approach amid a growing lending portfolio.
The company’s assets under management (AUM) surged 23% YoY to ₹1.40 lakh crore as of March 31, 2026, driven by strong disbursements and demand across housing finance segments. Loan assets rose 24% YoY, while quarterly disbursements increased 23% YoY, highlighting sustained growth momentum.
Asset quality remained a key strength, with gross NPAs at 0.27% and net NPAs at 0.11%, largely stable compared to the previous year. The provision coverage ratio stood at 60%, indicating adequate buffers. Operational efficiency improved during the quarter, with operating expenses declining to 19.2% of net total income, compared to 21.8% a year ago.
For the full year FY26, the lender reported a profit after tax of ₹2,560 crore, up 18% YoY. Net interest income rose 25% to ₹3,752 crore, while net total income increased 23% to ₹4,391 crore, underscoring consistent growth. Despite the strong performance across key metrics, the stock reaction remained subdued, with investors likely factoring in competitive pressures from banks and margin concerns in the housing finance space