Bajaj Housing Finance Q1 Results: Profit Rises 21%, Meets Estimates
Net interest income saw a 33% increase to Rs 887 crore.
Bajaj Housing Finance Ltd. reported a 21% rise in standalone net profit in the first quarter of fiscal 2026.
The net profit stood at Rs 583.3 crore, according to an exchange filing on Wednesday, meeting Bloomberg analysts' estimates of Rs 568 crore. The net profit stood at Rs 482.6 crore in the same quarter last year.
Net interest income saw a 33% increase to Rs 887 crore from Rs 665 crore in the year-ago period.
Bajaj Housing Finance Q1 Highlights (Standalone, YoY)
Total income up 18.6% at Rs 2,618.45 crore versus Rs 2,208.73 crore (Bloomberg estimate: Rs 1,018 crore).
Net profit up 20.9% at Rs 583.3 crore versus Rs 482.61 crore (Estimate: Rs 568 crore).
NII up 33% at Rs 887 versus Rs 665 crore.
Assets under management grew 24% to Rs 1.2 lakh crore as of June 30 from Rs 97,071 crore in the year-ago period, while loan assets stood at approximately Rs 1.06 lakh crore, according to the company. This marked a climb of 24% against Rs 85,283 crore in the same quarter last year.
Gross NPA for the quarter ended June 30 stood at 0.30% against 0.28%. Net NPA stood at 0.13% against 0.11% in the year-ago period, the company said in its press release.
