Bajaj Housing Finance Q3 FY26 results: Net profit jumps 21% YoY to Rs 665 crore

Bajaj Housing Finance

• Bajaj Housing Finance Q3 net profit rose 21 percent to Rs 665 crore year-on-year
• Loan assets and AUM grew 23 percent year-on-year as of December 2025
• Gross NPAs at 0.27% and net NPAs at 0.11% indicate improved asset quality.

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Bajaj Housing Finance Ltd 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. Net interest income, a key measure of lending performance, increased 19 percent year-on-year to Rs 963 crore in Q3 FY26, compared with Rs 806 crore in the year-ago quarter. Net total income rose 24 percent to Rs 1,153 crore from Rs 933 crore.

Margins were broadly stable during the quarter. Operating expenses to net total income stood at 19.0 percent, compared with 19.8 percent in Q3 FY25. Bajaj Housing Finance said operating costs included an exceptional item of Rs 13.14 crore, reflecting a one-time increase in gratuity liability following changes in the New Labour Codes notified by the government in November 2025.

The company's asset quality remained resilient. Gross non-performing assets stood at 0.27 percent and net NPAs at 0.11 percent as of December 31, 2025, shrinking from 0.29 percent and 0.13 percent, respectively, a year earlier. Provisioning coverage on stage 3 assets was around 59 percent.

The lender's loan losses and provisions rose to Rs 56 crore in Q3 FY26 from Rs 35 crore in the year-ago period, including a Rs 10 crore management overlay release during the quarter.

On the balance sheet, loan assets grew 23 percent year-on-year to Rs 1,17,305 crore as of end-December, compared with Rs 95,570 crore a year earlier. Assets under management also increased 23 percent to Rs 1,33,412 crore from Rs 1,08,314 crore.

The capital adequacy ratio, including Tier-II capital, remained comfortable at 23.15 percent as of December 31, 2025. The company said it continues to hold the highest long-term credit rating of AAA with a stable outlook from CRISIL and India Ratings, and A1-plus for its short-term debt programmes.

Bajaj Housing Finance said its Expenses to Net Total Income for Q3 FY26 was 19.0 percent as against 19.8 percent in Q3 FY25. Exceptional item of Rs 13.14 crore includes one-time impact of increase in gratuity liability due to changes in the New Labour Codes issued by the Government of India on 21 November 2025.

Loan assets in Q3 FY26 were at Rs 1,17,305 crore, higher by 23% YoY as against Rs 95,570 crore a year ago.

Capital adequacy ratio (including Tier-II capital) as of 31 December 2025 was 23.15%.

The company said it enjoys the highest credit rating of AAA/Stable for its long-term debt programme from CRISIL and India Ratings and A1+ for short-term debt programme from CRISIL and India Ratings.

The earnings were announced after market hours. Bajaj Housing Finance stock ended 0.06 percent lower at Rs 89.68.

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