Bajaj Housing Finance Q3 Results: PAT Soars 21% YoY to Rs 665 Crore, NII Climbs 15%
Bajaj Housing Finance has showcased impressive performance in the third quarter, achieving significant growth in key financial metrics. The results reflect the company’s robust loan growth, increasing income, and stable asset quality, all while maintaining a strong capital adequacy and top-tier credit ratings.
Key Financial Highlights:
– Net Profit: The net profit after tax (PAT) surged by 21% year-on-year, reaching Rs 665 crore compared to Rs 548 crore in the previous year.
– Net Interest Income (NII): The NII grew by 19%, totaling Rs 963 crore in Q3FY26, up from Rs 806 crore in the same period last fiscal year.
– Assets Under Management (AUM): AUM rose to Rs 1.33 lakh crore, marking a 23% increase from Rs 1.08 lakh crore reported last year.
– Loan Assets: Loan assets reached Rs 1.17 lakh crore, an impressive gain of 23% from Rs 95,570 crore.
– Net Total Income: Increased by 24%, reaching Rs 1,153 crore in Q3FY26, up from Rs 933 crore in Q3FY25.
– Operating Expenses: Operating expenses as a percentage of net total income improved to 19% from 20% in the previous year.
Exceptional Items
In this quarter, the company reported an exceptional item of Rs 13.14 crore, which includes a one-time impact from increased gratuity liability due to the new Labour Codes issued by the Government of India on November 21, 2025.
Profit Before Tax (PBT)
PBT also saw a 21% rise in Q3FY26, reaching Rs 865 crore compared to Rs 713 crore in Q3FY25.
Asset Quality and Capital Adequacy
– Loan Losses and Provisions: Loan losses and provisions for Q3FY26 were reported at Rs 56 crore against Rs 35 crore in the corresponding quarter last year, which includes less than Rs 10 crore from management overlay release.
– Gross and Net NPA: As of December 31, 2025, Gross NPA and Net NPA stood at 0.27% and 0.11%, respectively, compared to 0.29% and 0.13% as of December 31, 2024.
– Provisioning Coverage Ratio (PCR): The PCR on stage 3 assets was approximately 59%.
– Capital Adequacy Ratio: The capital adequacy ratio, including Tier-II capital, was noted at 23.15%.
– Credit Ratings: Bajaj Housing Finance maintains a AAA/Stable rating from CRISIL and India Ratings for its long-term debt program, and an A1+ rating for short-term debt.
Conclusion
Bajaj Housing Finance’s Q3 results demonstrate the company’s commitment to growth and stability. With a notable increase in PAT and NII, alongside strong asset quality and capital figures, the company continues to position itself as a leader in the housing finance sector. These results reaffirm Bajaj Housing Finance’s robustness and reliability in a competitive market, making it a key player to watch in the financial landscape.