Net interest income for Q4FY26 increased 15% to Rs 945 crore from Rs 823 crore a year ago, reflecting continued expansion in the loan book. Profit before tax rose 20% to Rs 866 crore, indicating improving operating leverage despite a rise in provisions.
Assets under management (AUM) grew 23% to Rs 1,40,706 crore as of March 31, 2026, driven by healthy disbursements and demand across housing finance segments. Loan assets also rose 24% to Rs 1,23,745 crore, while quarterly disbursements increased 23% to Rs 17,506 crore.
Operational efficiency improved during the quarter, with operating expenses as a percentage of net total income declining to 19.2% from 21.8% in the year-ago period. However, loan losses and provisions more than doubled to Rs 55 crore from Rs 26 crore, reflecting a cautious stance amid a growing loan book.
Asset quality remained strong, with gross non-performing assets (GNPA) at 0.27% and net NPA at 0.11%, broadly stable compared to last year. The provision coverage ratio on stage 3 assets stood at 60%, indicating adequate buffers.
For the full year FY26, the lender reported profit after tax of Rs 2,560 crore, up 18% from Rs 2,163 crore in FY25. Net interest income rose 25% to Rs 3,752 crore, while net total income increased 23% to Rs 4,391 crore.Profit before tax for the year climbed 20% to Rs 3,320 crore, reflecting sustained growth in lending operations. However, provisions rose sharply to Rs 191 crore from Rs 58 crore in the previous year, partly due to prudent provisioning and changes in overlays.Operating efficiency improved at the annual level as well, with the cost-to-income ratio declining to 19.7% from 20.9% in FY25. Return on assets remained stable at around 2.3%, while return on equity stood at about 12%.
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The lender maintained a strong capital position, with a capital adequacy ratio of 22.46% as of March-end, supported by high credit ratings of AAA/Stable for long-term borrowings and A1+ for short-term debt.
Overall, Bajaj Housing Finance delivered consistent growth across key metrics, with strong loan expansion, stable margins and controlled asset quality, positioning it well for continued scale-up in the housing finance segment.
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