Shares of Bajaj Housing Finance jumped by 2% after the NBFC firn reported a strong set of financial results for the fiscal third quarter, with net profit rising 21 percent year-on-year to Rs 665 crore, aided by steady loan growth and higher core income. The shares are currently trading at Rs.91.72 against the previous close of Rs. 89.72. Shares of Bajaj Housing Finance listed on the exchanges with a premium of over 100% from its initial public offering (IPO) price in late-2024, making it one of the most successful IPOs of 2024. The stock went on to make a post-listing high of ₹188.5 before declining from those levels. The stock has declined 22.2% in the last six months. According to the company statement, its Net Interest Income (NII) for Q3FY26 stood at Rs 963 crore, rising by 19% as against Rs 806 crore in Q3FY25, while net total income surged 24% to Rs 1,153 crore from Rs 933 crore.
The company stated that its profit before tax in the December 2025 quarter stood at Rs 864.54 crore, rising by 21.25% from Rs 713.02 crore posted in the corresponding quarter of the previous fiscal year. The company reported strong quarterly performance for Q3FY26, with assets under management (AUM) rising 23% to Rs 1,33,412 crore as of 31 December 2025, up from Rs 1,08,314 crore a year ago.
Operating expenses to net total income improved to 19% from 19.8% in the year-ago period. Exceptional items of Rs 13.14 crore included a one-time impact from higher gratuity liability following changes in the New Labour Codes issued by the government in November 2025, according to the company statement. The company’s asset quality remained healthy, with gross and net NPA at 0.27% and 0.11% as of 31 December 2025, versus 0.29% and 0.13% a year ago. The provisioning coverage ratio on stage-3 assets stood at 59%, while the capital adequacy ratio, including Tier-II capital, was 23.15%, according to the company statement.