News ArticleBajaj Housing Finance Surpasses ₹1.5 Lakh Crore AUM with ₹1,472 Crore Profit After Tax in H1 FY27
Company records highest-ever disbursements and 25% AUM growth year on year while maintaining GNPA at 0.29%
Bajaj Housing Finance Limited achieved a 25% year-on-year increase in assets under management to ₹1,58,205 crore and reported a profit after tax of ₹1,472 crore for the half year ended 30 September 2026, marking record disbursements and maintaining strong asset quality amid industry challenges.
Bajaj Housing Finance Limited
General / Other
Bajaj Housing Finance Limited reported a 25% year-on-year growth in assets under management to ₹1,58,205 crore for the half year ended 30 September 2026, alongside a profit after tax of ₹1,472 crore, supported by record disbursements and maintained asset quality with a gross non-performing asset ratio of 0.29%.
The company’s home loan assets under management expanded by 22% year on year, with overall AUM growth supported by a diversified product portfolio including loan against property (26%), lender’s risk deductible (39%), and developer finance (13%).
This growth was achieved while preserving strong asset quality, with gross non-performing assets at 29 basis points and net non-performing assets matched at 12 basis points as of 30 September 2026. The provision coverage ratio stood at 59.8% on stage-3 assets.
Net interest income increased by 10% year on year to ₹2,023 crore, and net total income rose 16% to ₹2,429 crore. Operating expenses as a percentage of net total income improved to 19.3% from 20.4% a year earlier, enhancing operating efficiency.
Profit before tax increased 20% to ₹1,908 crore, while profit after tax also grew by 20% year on year from ₹1,226 crore to ₹1,472 crore. Annualised return on assets was 2.2% and return on equity was 12.6%.
The company maintained a robust capital adequacy ratio of 21.24% and a tier-I capital ratio of 20.83%, with leverage rising to 6.0 times from 5.5 times a year prior. Borrowings were diversified and included a 56% share of money-market instruments, supporting liquidity with a surplus of ₹2,487 crore.
Highlights
- AUM reached ₹1,58,205 crore as of 30 September 2026, a 25% increase year on year.
- Profit after tax for H1 FY27 was ₹1,472 crore, a 20% increase compared to H1 FY26.
- Gross NPA ratio held steady at 0.29% with strong provisioning coverage.
- Net interest income increased 10% year on year to ₹2,023 crore.
- Operating expense ratio improved to 19.3% of net total income.
- Capital adequacy ratio at 21.24%, well above regulatory minimum of 15%.
Key Data Snapshot
What happened
- Bajaj Housing Finance crossed the ₹1.5 lakh crore AUM milestone in the half year ended 30 September 2026.
- Reported profit after tax stood at ₹1,472 crore, up 20% year on year.
- Gross NPA ratio maintained at 29 basis points with a healthy provisioning coverage ratio of 59.8%.
Key details
- AUM grew 25% year on year to ₹1,58,205 crore, driven by growth in home loans, LAP, LRD, and developer finance segments.
- Net interest income grew 10% to ₹2,023 crore; net total income rose 16% to ₹2,429 crore.
- Operating expense ratio improved, reducing to 19.3% from 20.4% in the prior year period.
- Capital adequacy ratio was 21.24%, higher than the regulatory requirement of 15%.
- The leverage ratio increased to 6.0 times from 5.5 times a year earlier.
- Borrowings are diversified across money market instruments (56%), bank borrowings (35%), and NHB refinance (9%).
Financial performance
- Profit before tax rose to ₹1,908 crore from ₹1,590 crore in H1 FY26.
- Profit after tax increased to ₹1,472 crore from ₹1,226 crore in H1 FY26.
- Annualised return on assets was 2.2% while return on equity stood at 12.6% for H1 FY27.
Operational performance
- The company expanded its branch network to 223 locations across 20 states and union territories.
- Home loan originations include 16% from 'Sambhav loans' targeting near-prime and affordable customers.
- Digital initiatives have resulted in 96% of retail logins and agreement executions being conducted digitally.
- AI technologies are deployed for customer lifecycle activities including lead generation and analytics.
Background and context
- India’s housing finance penetration remains low compared to developed economies, providing long-term growth potential.
- Competitive intensity in the housing finance sector has increased, particularly from banks in prime housing segments.
- The Reserve Bank of India increased the policy rate to 5.50% in October 2026, shifting to a calibrated tightening stance.
- India’s GDP growth forecast was raised by the IMF to 7.0% for 2027, with inflation showing a gradual increase to 5.54% in September 2026.
Highlights
- AUM reached ₹1,58,205 crore as of 30 September 2026, a 25% increase year on year.
- Profit after tax for H1 FY27 was ₹1,472 crore, a 20% increase compared to H1 FY26.
- Gross NPA ratio held steady at 0.29% with strong provisioning coverage.
- Net interest income increased 10% year on year to ₹2,023 crore.
- Operating expense ratio improved to 19.3% of net total income.
- Capital adequacy ratio at 21.24%, well above regulatory minimum of 15%.
Disclosures
- Regulation 30 and 27(1) read with Part E of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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