According to the latest quarterly results announced after market close, Bajaj Housing Finance delivered robust financial performance in Q2 fiscal 2027. The company's net profit increased by 18% year-on-year to ₹757 crore from ₹643 crore in the corresponding quarter last year. Total income grew 18.3% to ₹3,251 crore from ₹2,748 crore in Q2 FY26. The company's net interest income increased 10% to ₹1,055 crore from ₹956 crore in the year-ago period, while net total income rose 15% to ₹1,254 crore from ₹1,090 crore. Profit before tax also increased 18% to ₹980 crore from ₹833 crore a year earlier, demonstrating strong operational efficiency.
The company's core business metrics showed impressive growth momentum. Assets under management (AUM) grew 25% to ₹1.58 lakh crore as of September 30, 2026, compared with ₹1.27 lakh crore a year earlier. The company's loan assets stood at ₹1.4 lakh crore compared to ₹1.13 lakh crore in the year-ago period, demonstrating significant business expansion. Operating expenses as a proportion of net total income improved to 19.1% in Q2 FY27 from 19.7% in the year-ago quarter, indicating a reduction in the ratio of operating costs to income. Additionally, loan losses and provisions declined to ₹35 crore from ₹43 crore in Q2 FY26, reflecting better asset quality management.
According to the company's latest results, Bajaj Housing Finance's asset quality remained largely stable with some marginal changes. Gross NPA stood at 0.29% as of September 30, 2026, compared with 0.26% a year earlier, representing a marginal increase. However, Net NPA remained unchanged at 0.12% over the same period, indicating stable credit quality. The provisioning coverage ratio on Stage 3 assets stood at 60%, while the company's capital adequacy ratio, including Tier-II capital, stood at 21.24% as of September 30, 2026. The September-quarter results reflect continued growth in the company's loan portfolio and profitability, alongside a marginal increase in the gross NPA ratio.
Despite the strong quarterly results, Bajaj Housing Finance shares closed with modest losses on the day of results announcement. Shares closed as much as 0.5% lower at ₹83.36 on the NSE, compared with a 0.65% advance in the benchmark Nifty 50. However, the stock has shown positive momentum over longer periods, rising 2.32% in one week, 0.53% in one month, 13.22% year-to-date, and 24.21% in one year. The stock has traded in a 52-week range of ₹72.65 to ₹112.40 on the NSE, with the latest closing price giving the company a market capitalisation of approximately ₹69,458 crore. At current levels, the stock has declined 13.22% in 2026 so far. According to analyst coverage, seven out of 17 analysts have a 'buy' rating, six say 'hold', while four have a 'sell' rating on the stock, with consensus estimates implying an upside potential of only 12% from current levels.
