Bajaj Housing Finance Ltd.AUM +25% to ₹1.58L Cr, PAT +18%, guidance held

Bajaj Housing Finance's Q2 FY27 call, held on 16 October 2026, reported assets under management of ₹1.58 lakh crore, up 25%, and disbursements of ₹19,900 crore, up 25%.

Profit after tax was ₹757 crore, up 18%, with return on assets of 2.2%, return on equity of 12.7% and opex to net total income of 19.1%. The cost of funds fell 17 basis points to about 7% as fixed-rate NCDs were converted to floating, lifting spreads by 7 basis points. Gross NPA was 29 basis points and net NPA 12 basis points, while the developer finance book fell on high repayments. Sambhav affordable loans passed ₹500 crore of monthly disbursement and reached 16% of home loan originations.

Management held its FY27 guidance of 21% to 23% AUM growth and 2.1% to 2.3% ROA, but said new-loan pricing after the 25 basis point repo hike and the draft insurance commission rules are open risks. It gave no FY28 outlook.