Bajaj Housing Finance Limited has informed the Exchange about Investor Presentation
BAJAJHFL · price
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Awaiting price reaction for this filing.
Bajaj Housing Finance reported Q1 FY26 results with Assets Under Management of ₹1,20,420 Cr, up 24% year-on-year, though sequential growth was lower due to intense competition and some moderation in real estate demand. Profit After Tax grew 21% YoY to ₹583 Cr, while Net Interest Income jumped 33% to ₹887 Cr supported by a 21 bps drop in cost of funds to 7.7%. Asset quality remained healthy with GNPA at 0.30% and NNPA at 0.13%, though credit cost rose to 0.16% (annualized) from 0.05% last year. The company carries strong capital position with CRAR of 26.94% and liquidity buffer of ₹3,079 Cr. Management moderated FY26 AUM growth guidance to 21-23% (from medium-term 24-26%) and flagged NIM moderation of 15-20 bps due to lower investment income and reduced loan assignment activity. ROE guidance was cut to 11-12% from medium-term 13-15% citing equity overhang from FY25 capital raises.
Mixed signals for shareholders: strong profit growth and stable asset quality are positives, but management's cut to AUM growth guidance, NIM pressure, and lower ROE outlook may temper near-term expectations. Stock may see muted reaction given the cautious FY26 commentary despite in-line Q1 numbers.