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BAJAJHFL - Bajaj Housing

📊 NSE: BAJAJHFL 🏢 Finance - Housing 📅 Last Updated: 12/13/2025 18:56

📢 Recent Corporate Announcements

Bajaj Housing Finance to Appoint Ajay Kumar Choudhary as Independent Director for 5 Years

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 12 Mar 2026, 07:20 PM

Bajaj Housing Finance Limited has issued a postal ballot notice to seek shareholder approval for the appointment of Shri Ajay Kumar Choudhary as an Independent Director. The proposed appointment is for a five-year term starting from March 1, 2026, through February 28, 2031. Shareholders can participate in the decision through a remote e-voting process that runs for 30 days. This move is part of the company's efforts to ensure regulatory compliance and maintain strong board oversight.

Proposed appointment of Shri Ajay Kumar Choudhary as an Independent Director for a 5-year term.
The tenure is scheduled to run from March 1, 2026, until February 28, 2031.
Remote e-voting period is set from March 13, 2026, to April 11, 2026.
The cut-off date for determining shareholder voting eligibility was March 6, 2026.
The appointment follows recommendations from the Nomination and Remuneration Committee.

💡 Investors should review the director's credentials provided in the full notice and participate in the e-voting process. This is a routine governance matter and does not require any immediate change in investment strategy.

Bajaj Housing Finance Raises Rs 503.42 Crore via NCDs at 7.25% Coupon

🟡 NEUTRAL ⭐ 4/10

FUNDRAISE 📅 02 Mar 2026, 12:39 PM

Bajaj Housing Finance Limited has successfully allotted 50,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The issue raised a total of Rs 503.4165 crore with a fixed coupon rate of 7.25% per annum. These debentures have a residual tenure of 1057 days and are scheduled for maturity on January 22, 2029. The fundraising is part of the company's routine capital management to support its lending operations.

Allotted 50,000 NCDs with a face value of Rs 1,00,000 each
Total aggregate amount raised is Rs 503.4165 crore including discount and accrued interest
Fixed coupon rate of 7.25% p.a. with annual interest payment frequency
Maturity date set for January 22, 2029, with a residual tenure of 1057 days
Secured by a first pari-passu charge on book debts and loan receivables with 1.0x cover

💡 This is a routine operational fundraise for a housing finance company to support loan growth. Investors should monitor the company's ability to maintain low borrowing costs relative to its peers.

Bajaj Housing Finance Raises Rs 1,020.38 Crore via Private Placement of NCDs

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 20 Feb 2026, 12:59 PM

Bajaj Housing Finance Limited has successfully allotted 1,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) to raise approximately Rs 1,020.38 crore. These instruments carry a competitive coupon rate of 7.10% per annum and are scheduled for maturity on October 16, 2028. The funds raised through this private placement will likely support the company's lending operations and capital requirements. The NCDs are secured by a first pari-passu charge on the company's book debts and loan receivables.

Total issue size of Rs 1,020.3759 crore through 1,00,000 NCDs
Coupon rate fixed at 7.10% p.a. with annual interest payment frequency
Residual tenure of 969 days with final maturity on October 16, 2028
Secured by 1.00x cover on book debts and loan receivables
Instruments to be listed on the Wholesale Debt Market Segment of BSE Limited

💡 Investors should note this as a positive step in strengthening the company's liquidity for loan growth at a stable borrowing cost. No immediate action is required, but it reinforces the company's ability to access debt markets efficiently.

Bajaj Housing Finance to Meet Institutional Investors on February 25, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 19 Feb 2026, 05:29 PM

Bajaj Housing Finance Limited (BAJAJHFL) has scheduled a physical group meeting with analysts and institutional investors in Mumbai on February 25, 2026. The meeting is intended to discuss the company's performance based on publicly available information. This disclosure is a routine compliance requirement under SEBI (LODR) Regulations, 2015. Such interactions are standard for listed companies to engage with the investment community and provide clarity on existing disclosures.

Physical group meeting scheduled for Wednesday, February 25, 2026, in Mumbai
Interaction will involve a group of analysts and institutional investors
Discussions will be strictly limited to publicly available information only
Compliance filing made under Regulation 30 of SEBI (LODR) Regulations, 2015

💡 No immediate action is required as this is a routine meeting; however, investors should watch for any subsequent investor presentations or transcripts for qualitative insights.

Bajaj Housing Finance Q3 FY26: PAT up 21% to ₹665 Cr, AUM grows 23% YoY

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 07 Feb 2026, 06:33 PM

Bajaj Housing Finance reported a 21% YoY growth in Profit After Tax (PAT) to ₹665 crore for Q3 FY26, driven by strong disbursement momentum. Assets Under Management (AUM) reached ₹1.33 lakh crore, marking a 23% YoY increase, while Net Interest Margin (NIM) remained stable at 4%. Asset quality remains best-in-class with Gross NPA at 0.27% and Net NPA at 0.11%, supported by a healthy provisioning coverage ratio of 58.76%. The company is expanding its 'Sambhav' SBU for affordable housing, targeting a monthly disbursement run rate of over ₹600 crore in the next 12-15 months.

AUM grew 23% YoY to ₹1.33 lakh crore, with disbursements rising 32% to ₹16,545 crore
Profit After Tax (PAT) increased 21% YoY to ₹665 crore with a healthy ROA of 2.3%
Gross NPA and Net NPA stood at 0.27% and 0.11% respectively, reflecting superior asset quality
Cost of funds improved by 50 bps YoY to 7.3%, while gross spreads normalized at 1.8%
Operating efficiency improved with Opex to Net Total Income (NTI) at 19%, down from 19.8% YoY

💡 Investors should maintain a positive outlook given the company's robust AUM growth, stable margins, and industry-leading asset quality. The expansion into the higher-yield 'Sambhav' segment provides a clear pathway for future growth and margin protection.

Bajaj Housing Finance Releases Q3 FY26 Earnings Conference Call Recording

🟡 NEUTRAL ⭐ 3/10

EARNINGS 📅 02 Feb 2026, 09:32 PM

Bajaj Housing Finance Limited has made the audio recording of its Q3 FY2026 earnings conference call available to the public. The call was conducted on February 2, 2026, following the release of financial results for the quarter ended December 31, 2025. This disclosure is part of the company's regulatory compliance to ensure all investors have access to management's commentary. The recording provides insights into the company's operational performance and strategic outlook for the upcoming periods.

Conference call held on February 2, 2026, at 6:15 p.m. IST regarding Q3 FY26 results.
Audio recording is hosted on the company's official investor relations website for public access.
The filing follows the presentation shared with exchanges earlier on the same day.
Complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Investors should listen to the recording to understand management's perspective on credit growth, asset quality, and margin trends for the quarter.

Bajaj Housing Finance Appoints Former RBI ED Ajay Kumar Choudhary as Independent Director

🟢 POSITIVE ⭐ 7/10

MANAGEMENT 📅 02 Feb 2026, 04:53 PM

Bajaj Housing Finance has approved the appointment of Shri Ajay Kumar Choudhary as an Independent Director for a five-year term effective March 1, 2026. Mr. Choudhary is a veteran central banker with over 30 years of experience at the RBI, where he retired as Executive Director in October 2023. He currently serves as the Non-Executive Chairman of the National Payments Corporation of India (NPCI). This high-profile appointment is expected to significantly bolster the company's regulatory compliance and strategic oversight in the FinTech and housing finance sectors.

Appointment of Shri Ajay Kumar Choudhary as Independent Director for a 5-year term starting March 1, 2026.
Mr. Choudhary previously served as Executive Director at the Reserve Bank of India (RBI) until October 2023.
Currently holds the position of Non-Executive Chairman of the Board at NPCI.
Expertise includes Banking Regulation, Supervision, FinTech, and the implementation of Central Bank Digital Currency (CBDC).
The appointment is subject to the approval of the company's members.

💡 This is a strong governance move that adds deep regulatory and FinTech expertise to the board. Investors should view this as a positive development for the company's long-term institutional credibility.

Bajaj Housing Finance Q3 FY26: PAT Rises 21% to ₹665 Cr, AUM Crosses ₹1.33 Lakh Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 02 Feb 2026, 04:20 PM

Bajaj Housing Finance reported a strong Q3 FY26 with a 21% YoY increase in Profit After Tax (PAT) to ₹665 crore. Assets Under Management (AUM) grew by 23% YoY to reach ₹1,33,412 crore, supported by a 32% surge in quarterly disbursements. Asset quality remains exceptionally healthy with GNPA at 0.27% and NNPA at 0.11%. The company maintained steady margins with a Net Interest Margin (NIM) of 4.0% despite a slight moderation in gross spreads due to policy rate transmissions.

AUM grew 23% YoY to ₹1,33,412 Cr, while disbursements rose 32% YoY to ₹16,545 Cr
Profit After Tax (PAT) increased 21% YoY to ₹665 Cr with an annualized RoA of 2.3% and RoE of 12.3%
Asset quality remains best-in-class with GNPA at 0.27% and NNPA at 0.11%
Net Interest Margin (NIM) held steady at 4.0% while Opex to NTI improved to 19.0%
Capital Adequacy Ratio (CRAR) stands strong at 23.15% with a Tier-1 capital of 22.69%

💡 The company continues to demonstrate high-growth momentum with superior asset quality and operational efficiency. Investors should maintain a positive outlook as the company scales its diversified mortgage portfolio while maintaining healthy return ratios.

Bajaj Housing Finance Q3 PAT Rises 21% YoY to ₹665 Crore; Revenue Up 18%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 02 Feb 2026, 03:59 PM

Bajaj Housing Finance reported a solid performance for the quarter ended December 31, 2025, with Profit After Tax (PAT) growing 21.3% year-on-year to ₹664.89 crore. Total revenue from operations increased by 17.8% to ₹2,885.93 crore, primarily driven by strong interest income of ₹2,697.30 crore. While profitability remains robust, impairment on financial instruments rose to ₹56.35 crore from ₹35.47 crore in the same quarter last year. The company also strengthened its board by appointing Ajay Kumar Choudhary as an Independent Director for a five-year term.

Net Profit (PAT) increased 21.3% YoY to ₹664.89 crore in Q3 FY26
Total Revenue from operations grew 17.8% YoY to ₹2,885.93 crore
Interest income rose to ₹2,697.30 crore compared to ₹2,321.96 crore in the year-ago period
Impairment on financial instruments increased to ₹56.35 crore from ₹35.47 crore YoY
Earnings Per Share (EPS) improved to ₹0.80 from ₹0.66 in Q3 FY25

💡 Investors should maintain a positive outlook given the steady growth in core interest income and net profit. Monitor the slight rise in impairment costs and the impact of the newly appointed independent director on corporate governance.

Bajaj Housing Finance Raises Rs 500 Crore via NCDs at 7.25% Coupon

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 22 Jan 2026, 11:22 AM

Bajaj Housing Finance Limited has successfully allotted 50,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The issue raised a total of Rs 500 crore with a face value of Rs 1,00,000 per debenture. These instruments carry a fixed coupon rate of 7.25% per annum and have a tenure of 1,096 days, maturing in January 2029. This fundraise is part of the company's routine capital-raising activities to support its ongoing lending operations and manage liquidity.

Allotment of 50,000 NCDs aggregating to a total issue size of Rs 500 crore
Fixed coupon rate of 7.25% per annum with annual interest payment frequency
Instrument tenure of 1,096 days with final maturity scheduled for January 22, 2029
Secured by a first pari-passu charge on book debts and loan receivables with 1.0x cover

💡 This is a routine debt issuance for a housing finance company to fund growth; investors should monitor if the 7.25% borrowing cost remains competitive versus peers. No immediate action is required as this reflects standard business operations.

Bajaj Housing Finance Receives Independent ESG Rating of 67

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 19 Jan 2026, 12:39 PM

Bajaj Housing Finance Limited (BAJAJHFL) has been assigned an ESG rating of 67 by ESG Risk Assessments and Insights Limited. This rating was prepared independently by the agency using data available in the public domain, rather than through a formal engagement by the company. The disclosure is part of the regulatory requirements under SEBI Listing Regulations. While the score provides a baseline for ESG performance, it reflects an unsolicited third-party evaluation of the firm's sustainability practices.

Assigned an ESG rating of 67 by ESG Risk Assessments and Insights Limited
Rating was conducted independently based on publicly available information
The company did not formally engage the agency for this specific assessment
Disclosure made in compliance with Regulation 30 of SEBI LODR Regulations

💡 Investors should view this as a benchmark for the company's ESG standing but note that it is an unsolicited rating. No immediate portfolio changes are recommended based on this disclosure.

Bajaj Housing Finance Q3 FY26 Earnings Call Scheduled for February 2, 2026

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 14 Jan 2026, 05:33 PM

Bajaj Housing Finance Limited (BAJAJHFL) has officially scheduled its earnings conference call to discuss financial results for the quarter ended December 31, 2025. The call is set for Monday, February 2, 2026, at 6:15 PM IST. Senior leadership, including Managing Director Atul Jain and CFO Gaurav Kalani, will participate to provide insights into the company's quarterly performance. This is a standard regulatory notification following SEBI disclosure requirements.

Conference call for Q3 FY26 results scheduled for February 2, 2026, at 18:15 IST.
Key management participants include MD Atul Jain and CFO Gaurav Kalani.
Universal dial-in numbers provided are +91 22 6280 1259 and +91 22 7115 8160.
The call will address financial performance for the period ending December 31, 2025.

💡 Investors should monitor the financial results released prior to the call and listen for management commentary regarding loan book growth and asset quality trends. No immediate trading action is required based on this scheduling announcement.

Bajaj Housing Finance Allots NCDs Worth Rs 508.50 Crore at 7.10% Coupon

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 12 Jan 2026, 12:31 PM

Bajaj Housing Finance Limited has successfully allotted 50,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size aggregates to Rs 508.4980 crore with a face value of Rs 1,00,000 per debenture. These instruments carry a coupon rate of 7.10% per annum and are scheduled for maturity on October 16, 2028. This fundraise is a routine activity for the housing finance company to support its ongoing lending operations and manage liquidity.

Allotment of 50,000 NCDs aggregating to Rs 508.4980 crore on a private placement basis.
Coupon rate fixed at 7.10% p.a. with a residual tenure of 1008 days.
Debentures are secured by a first pari-passu charge on book debts and loan receivables with 1.00x cover.
The instruments will be listed on the Wholesale Debt Market Segment of BSE Limited.
Maturity date is set for October 16, 2028, with annual interest payments.

💡 This is a routine capital-raising exercise for a large HFC and indicates stable access to debt markets. Investors should continue to monitor the company's cost of funds and credit growth trajectory.

Bajaj Housing Finance Submits SEBI Reg 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Jan 2026, 06:41 PM

Bajaj Housing Finance Limited has filed its quarterly compliance report under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The report, issued by KFin Technologies Limited, covers the quarter ended December 31, 2025. It confirms that no securities were received for dematerialization during this period. This is a standard administrative filing required for listed entities to ensure the integrity of the shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025.
Registrar KFin Technologies confirmed zero securities were received for dematerialization.
No physical certificates were mutilated or cancelled during the reporting period.
The filing confirms adherence to SEBI (Depositories and Participants) Regulations, 2018.

💡 This is a routine regulatory disclosure with no impact on business operations or stock valuation. Investors should monitor the upcoming quarterly earnings for fundamental performance updates.

Bajaj Housing Finance Q3 FY26 AUM Up 23% YoY to ₹1.33 Lakh Cr; Disbursements Rise 31.5%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 03 Jan 2026, 05:08 PM

Bajaj Housing Finance Limited (BAJAJHFL) reported a robust 23% year-on-year growth in Assets Under Management (AUM), reaching ₹1,33,400 crore as of December 31, 2025. Gross disbursements for Q3 FY26 stood at approximately ₹16,535 crore, a significant jump from ₹12,571 crore in the same quarter last year. The company's loan assets also increased to ₹1,17,290 crore from ₹95,570 crore in the previous year. This provisional update indicates strong momentum in the housing finance segment ahead of the full quarterly results.

Gross disbursements increased by 31.5% YoY to ₹16,535 crore in Q3 FY26.
Assets Under Management (AUM) grew 23% YoY to reach ₹1,33,400 crore.
The company added approximately ₹6,652 crore to its AUM during the third quarter alone.
Loan Assets (AR) rose to ₹1,17,290 crore, compared to ₹95,570 crore as of December 2024.

💡 The strong growth in disbursements and AUM suggests healthy market share gains; investors should maintain a positive outlook while awaiting details on net interest margins and asset quality in the full earnings report.

View All BAJAJHFL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Assets Under Management (AUM) grew 26% YoY to INR 1,14,684 Cr in FY2025. Segment-wise AUM growth in Q2 FY2026 was: Home Loans (HL) 19%, Loan Against Property (LAP) 29%, Lease Rental Discounting (LRD) 35%, and Developer Financing (DF) 25%.

Geographic Revenue Split

The company operates across 176 locations with a network of 220 branches. Expansion is focused on deepening presence in existing markets and emerging ones, with NCR and Northern India locations becoming operational in FY2025.

Profitability Margins

Net Interest Income (NII) grew 20% to INR 3,007 Cr in FY2025. Profit After Tax (PAT) rose 25% to INR 2,163 Cr in FY2025 and grew 19% in H1 FY2026. Annualized Return on Assets (ROA) stood at 2.3% and Return on Equity (ROE) at 12.2% as of Q2 FY2026.

EBITDA Margin

Pre-impairment operating profit grew 28% to INR 2,850 Cr in FY2025. Operating efficiency improved as Opex to Net Total Income (NTI) ratio decreased from 24.0% in FY2024 to 20.8% in FY2025, and further to 19.6% in Q2 FY2026.

Capital Expenditure

Not disclosed in available documents; however, the company maintains a healthy Capital Adequacy Ratio (CAR) of 26.12% as of Q2 FY2026 to support growth.

Credit Rating & Borrowing

The company maintains the highest possible credit rating (CRISIL AAA). Cost of Funds (CoF) dropped by 50 bps YoY to 7.4% in Q2 FY2026, while portfolio yield moderated to 9.3%.

⚙️ Operational Drivers

Raw Materials

Debt capital is the primary 'raw material', consisting of NCDs, Term Loans (INR 7,000 Cr), NHB Refinance (INR 2,894 Cr), and Commercial Paper (INR 3,550 Cr).

Import Sources

Sourced from domestic capital markets, commercial banks, and the National Housing Bank (NHB).

Key Suppliers

Key providers of capital include the National Housing Bank (NHB) and various commercial banks for term loans and credit lines.

Capacity Expansion

Current network includes 220 branches across 176 locations. The company is rapidly scaling its developer financing and prime home loan teams to increase market penetration.

Raw Material Costs

Cost of Funds (CoF) was 7.4% in Q2 FY2026, a 34 bps sequential drop. Procurement strategy involves a balanced mix of floating and fixed-rate liabilities to optimize costs.

Manufacturing Efficiency

Opex to NTI ratio improved to 20.8% in FY2025 from 24.0% in FY2024, reflecting enhanced operational efficiency through digitalization.

Logistics & Distribution

Distribution is handled through 220 branches and an Approved Project Finance (APF) network of over 8,300 projects.

📈 Strategic Growth

Expected Growth Rate

21-23%

Growth Strategy

Strategy involves increasing market share in incremental home loan originations to 5% (from ~2.7%), optimizing product mix with 2-3% movements between HL, LRD, DF, and LAP, and reducing Opex to NTI to 14-15% through end-to-end digitalization.

Products & Services

Home Loans (HL), Lease Rental Discounting (LRD), Developer Financing (DF), and Loan Against Property (LAP).

Brand Portfolio

Bajaj Housing Finance, Bajaj Group.

New Products/Services

Expansion into Non-Prime Home Loans and deepening Developer Financing to enhance overall portfolio returns.

Market Expansion

Deepening presence in 176 existing locations and expanding into Northern India and NCR hubs.

Market Share & Ranking

Current incremental home loan market share is approximately 2.5-2.7%, with a target to reach 5%.

Strategic Alliances

Maintains assignment transactions with multiple partners, with an outstanding assigned portfolio of INR 15,171 Cr as of March 2025.

🌍 External Factors

Industry Trends

The home loan industry grew at a 13.7% CAGR (FY20-25) and is expected to grow at 14-16% CAGR through FY2028, reaching a size of INR 60-63 Lakh Cr.

Competitive Landscape

The prime segment is highly competitive and dominated by banks; BHFL competes by leveraging its parent group's brand and active treasury management.

Competitive Moat

Moat is built on the 'Bajaj' brand trust, the lowest cost of funds in the HFC sector, and a massive APF network of 8,300+ projects which provides unique customer access.

Macro Economic Sensitivity

Highly sensitive to interest rate cycles; a 15-20 bps margin decline is anticipated due to market competition and interest rate movements.

Consumer Behavior

Shift toward prime retail and commercial segments (LRD/DF) where customers seek competitive interest rates and fast processing.

Geopolitical Risks

Minimal impact as operations are entirely domestic within the Indian housing market.

⚖️ Regulatory & Governance

Industry Regulations

Subject to RBI and NHB regulations. The company must comply with Minimum Public Shareholding (MPS) norms, requiring the promoter (Bajaj Finance Ltd) to divest up to 2% (166.6 million shares) by February 2026.