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BAJAJHFL - Bajaj Housing

📊 NSE: BAJAJHFL 🏢 Finance - Housing 📅 Last Updated: 12/13/2025 18:56

📢 Recent Corporate Announcements

Bajaj Housing Finance Releases Q4 FY26 Earnings Conference Call Recording

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Apr 2026, 08:45 PM

Bajaj Housing Finance Limited has informed the exchanges that the audio recording of its conference call held on April 27, 2026, is now available for public access. The call focused on the company's financial performance for the quarter ended March 31, 2026. This disclosure is a standard compliance requirement under SEBI Listing Regulations following the announcement of quarterly results. Investors can access the recording on the company's website to hear management's detailed commentary on operational performance and future outlook.

Conference call conducted on April 27, 2026, at 6:00 PM IST regarding Q4 FY26 results.
Audio recording link has been hosted on the official company website for investor review.
The filing follows the earlier submission of the financial results and investor presentation on the same day.
Complies with Regulation 30 and Schedule III of the SEBI Listing Regulations.

💡 Investors should listen to the recording to gain qualitative insights into management's outlook on credit growth and asset quality. No immediate action is required as this is a routine compliance update.

Bajaj Housing Finance Grants 1.39 Crore Stock Options Under BHFL ESOP 2024

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 27 Apr 2026, 07:10 PM

Bajaj Housing Finance Limited has approved the grant of 1,39,31,109 stock options to eligible employees under its 2024 ESOP scheme. Each option is convertible into one equity share of face value Rs. 10 at an exercise price determined by the latest closing market price. The vesting period is scheduled between one and five years from the grant date, with an exercise window of five years post-vesting. This initiative is designed to align employee interests with long-term corporate performance and shareholder value.

Grant of 1,39,31,109 stock options to eligible employees under the BHFL ESOP 2024 scheme.
Each stock option is convertible into one equity share of face value Rs. 10.
Exercise price is set at the latest closing price on the stock exchange prior to April 27, 2026.
Vesting period ranges from a minimum of one year to a maximum of five years from the grant date.
Exercise period is five years from the date of vesting with no lock-in on the resulting equity shares.

💡 Investors should view this as a routine employee retention measure; while it will lead to minor equity dilution in the future, the exercise price at market rates mitigates immediate value concerns.

Bajaj Housing Finance Q4 FY26: AUM Grows 23% to ₹1.4 Lakh Cr; Normalized PAT Up 20%

🟢 POSITIVE ⭐ 9/10

EARNINGS 📅 27 Apr 2026, 04:52 PM

Bajaj Housing Finance Limited (BAJAJHFL) reported a robust performance for Q4 FY26, with Assets Under Management (AUM) growing 23% YoY to ₹1,40,706 crore. While reported Profit After Tax (PAT) grew 14% to ₹669 crore, the normalized PAT growth was 20% after adjusting for a one-time tax benefit in the previous year. The company maintained superior asset quality with GNPA at 0.27% and NNPA at 0.11%. Return on Assets (RoA) remained healthy at 2.3%, supported by improved operating efficiency as Opex to NTI fell to 19.2%.

AUM reached ₹1,40,706 Cr, marking a 23% YoY growth driven by Home Loans and Lease Rental Discounting.
Operating efficiency improved significantly with Opex to NTI ratio at 19.2% vs 21.8% in Q4 FY25.
Asset quality remains best-in-class with GNPA at 0.27% and NNPA at 0.11%.
Disbursements for the quarter grew 23% YoY to ₹17,506 Cr.
Capital Adequacy Ratio (CRAR) stands strong at 22.46%, well above the 15% regulatory requirement.

💡 Investors should maintain a positive outlook given the company's ability to sustain 20%+ growth while maintaining industry-leading asset quality and improving operating leverage. The stock remains a core holding for those seeking exposure to the premium housing finance segment.

Bajaj Housing Finance Q4 FY26 PAT Rises 14% to ₹669 Cr; Annual Profit Up 18% at ₹2,560 Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 27 Apr 2026, 04:08 PM

Bajaj Housing Finance Limited reported a steady financial performance for the fiscal year ended March 31, 2026, with annual Profit After Tax (PAT) growing 18.4% to ₹2,560.34 crore. Total revenue for the year reached ₹11,150.29 crore, driven by robust interest income growth. While profitability remains strong, the company experienced a significant jump in impairment charges on financial instruments, which rose to ₹190.68 crore from ₹58.45 crore in the previous year. The Board has approved these audited results with an unmodified audit opinion, indicating healthy financial reporting standards.

Annual Profit After Tax (PAT) increased by 18.4% YoY to ₹2,560.34 crore in FY26.
Total Revenue from operations for FY26 grew to ₹11,147.20 crore compared to ₹9,553.98 crore in FY25.
Q4 FY26 PAT stood at ₹669.19 crore, marking a 14% growth over the ₹586.68 crore reported in Q4 FY25.
Impairment on financial instruments saw a sharp rise to ₹190.68 crore for the full year vs ₹58.45 crore in FY25.
Finance costs for the year increased to ₹6,759.39 crore, up from ₹5,979.26 crore in the previous fiscal.

💡 Investors should maintain a positive outlook given the consistent double-digit growth in PAT and revenue, but should monitor the rising impairment costs for signs of asset quality stress. The company's ability to scale revenue while maintaining margins in a competitive housing finance market remains a key strength.

Bajaj Housing Finance Raises Rs 1,008.33 Crore via NCD Allotment at 7.25% Coupon

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 17 Apr 2026, 01:17 PM

Bajaj Housing Finance Limited (BAJAJHFL) has successfully allotted 1,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total fundraise amounts to Rs 1,008.33 crore, which includes discount and accrued interest as it is a re-issue of an existing ISIN. These NCDs carry a competitive coupon rate of 7.25% per annum and are set to mature on January 22, 2029. This capital infusion will likely be utilized to support the company's ongoing lending operations and strengthen its balance sheet.

Total allotment of 1,00,000 NCDs aggregating to Rs 1,008.3292 crore
Fixed coupon rate of 7.25% p.a. with annual interest payment frequency
Instrument maturity date is January 22, 2029, with a residual tenure of 1011 days
NCDs are secured by a first pari-passu charge on book debts and loan receivables
The debentures will be listed on the Wholesale Debt Market Segment of BSE Limited

💡 Investors should view this as a positive indicator of the company's ability to raise low-cost debt capital to fuel its housing loan portfolio growth. No immediate action is required, but it reinforces the company's strong credit profile in the debt market.

Bajaj Housing Finance to Discuss Q4 FY26 Results on April 27, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 14 Apr 2026, 04:29 PM

Bajaj Housing Finance Limited (BAJAJHFL) has scheduled its earnings conference call for the fourth quarter and financial year ended March 31, 2026. The call is slated for Monday, April 27, 2026, at 6:00 PM IST. Senior management, including MD Atul Jain and CFO Gaurav Kalani, will address the financial performance and outlook. This is a routine but essential event for analysts and investors to gauge the company's growth and asset quality trends.

Earnings conference call scheduled for April 27, 2026, at 18:00 IST.
Management representation includes MD Atul Jain and CFO Gaurav Kalani.
Universal dial-in numbers for the call are +91 22 6280 1259 and +91 22 7115 8160.
The call is being hosted by IIFL Capital Services Limited.

💡 Investors should track the financial results on April 27 and listen to management commentary regarding Net Interest Margins (NIMs) and credit growth. No immediate action is required until the actual financial performance is disclosed.

Bajaj Housing Finance Shareholders Approve Ajay Kumar Choudhary as Independent Director

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 13 Apr 2026, 04:46 PM

Bajaj Housing Finance Limited (BAJAJHFL) announced that its shareholders have approved the appointment of Shri Ajay Kumar Choudhary as an Independent Director through a postal ballot. The special resolution received overwhelming support, with 99.99% of the total votes cast in favor of the appointment. The term is set for five consecutive years, effective from March 1, 2026. This appointment is part of the company's ongoing efforts to maintain strong corporate governance and board oversight.

Special resolution passed with 99.9959% votes in favor, representing 7,359,142,933 shares.
Shri Ajay Kumar Choudhary appointed as Independent Director for a five-year term starting March 1, 2026.
Only 0.0041% of votes (303,793 shares) were cast against the resolution.
The voting process involved 3,267 shareholders and concluded on April 11, 2026.

💡 This is a routine management update and requires no immediate action from investors. The high approval rating reflects strong institutional and promoter confidence in the board's composition.

Bajaj Housing Finance Submits Routine SEBI Compliance Certificate for Q4 FY2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Apr 2026, 05:57 PM

Bajaj Housing Finance Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document, issued by KFin Technologies Limited, covers the period ending March 31, 2026. It confirms that no securities were received for dematerialization during this quarter. This is a standard administrative filing required for all listed entities in India to ensure transparency in shareholding records.

Compliance certificate submitted for the quarter ended March 31, 2026
Issued by Registrar and Share Transfer Agent (RTA), KFin Technologies Limited
Confirmed that zero securities were received for dematerialization during the quarter
No certificates were mutilated or cancelled as no demat requests were processed

💡 No action is required as this is a routine regulatory filing. Investors should continue to monitor the company's upcoming financial results for material performance updates.

Bajaj Housing Finance to Close Trading Window from April 1 for Q4 FY26 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Mar 2026, 06:01 PM

Bajaj Housing Finance Limited has announced the closure of its trading window for designated persons starting April 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's audited financial results for the quarter and year ending March 31, 2026. The window will remain closed until 48 hours after the financial results are officially declared. The specific date for the board meeting to approve these results is yet to be announced.

Trading window closure begins on Wednesday, April 1, 2026.
Closure pertains to the audited standalone financial results for the quarter and year ending March 31, 2026.
The restriction applies to all designated persons and their immediate relatives/dependents.
Trading window will reopen 48 hours after the declaration of the financial results.
Board meeting date for result consideration to be informed in due course.

💡 This is a routine regulatory compliance filing and does not impact the company's fundamentals. Investors should monitor for the upcoming board meeting date to prepare for the Q4 and full-year earnings announcement.

Bajaj Housing Finance Announces Management Changes; Gagandeep Malhotra Appointed as CRO

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 17 Mar 2026, 01:31 PM

Bajaj Housing Finance Limited (BAJAJHFL) has announced a series of leadership changes effective April 1, 2026. Gagandeep Malhotra, who brings 21 years of industry experience, has been appointed as the Chief Risk Officer for a 5-year term, replacing Niraj Adiani who will move to a business function role. Additionally, the company has inducted Hari Dasan EVK and Amit Maheshwari into the Senior Management Personnel to lead Legal and Operations, respectively. Amit Sinha, EVP of Home Loans, will transition to the parent entity, Bajaj Finance Limited.

Gagandeep Malhotra appointed as Chief Risk Officer (CRO) for a 5-year term starting April 1, 2026.
Hari Dasan EVK (27+ years experience) and Amit Maheshwari (27 years experience) join as Senior Management Personnel.
Amit Sinha (EVP - Home Loans) resigns effective March 31, 2026, to join Bajaj Finance Limited as part of an intra-group movement.
Niraj Adiani transitions from the CRO position to a Business function role within the company while remaining an SMP.

💡 Investors should view these changes as routine organizational restructuring and talent rotation within the Bajaj Finserv group. No immediate impact on stock performance is expected as the leadership remains within the group ecosystem.

Bajaj Housing Finance Announces Senior Management Reshuffle and New CRO Appointment

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 17 Mar 2026, 01:28 PM

Bajaj Housing Finance Limited (BHFL) has announced several key changes to its Senior Management Personnel (SMP) effective April 1, 2026. Gagandeep Malhotra, with 21 years of industry experience, has been appointed as the Chief Risk Officer (CRO) for a five-year term. The reshuffle includes the appointment of Hari Dasan EVK as Legal Head and Amit Maheshwari as Operations Head, both bringing over 27 years of experience. Additionally, Amit Sinha (EVP - Home Loans) will transition to the parent company, Bajaj Finance Limited, as part of an intra-group movement.

Gagandeep Malhotra appointed as Chief Risk Officer (CRO) for a 5-year term starting April 1, 2026.
Hari Dasan EVK and Amit Maheshwari inducted as SMPs for Legal and Operations with 27+ years of experience each.
Amit Sinha, EVP - Home Loans, to resign from BHFL effective March 31, 2026, to join Bajaj Finance Limited.
Niraj Adiani transitions from the CRO role to a Business function within the company while remaining an SMP.
The changes were approved during the Board Meeting held on March 17, 2026.

💡 These management changes appear to be a planned organizational alignment within the Bajaj Finserv group. Investors should view this as routine and focus on whether the new leadership maintains the company's historical asset quality and growth trajectory.

Bajaj Housing Finance to Appoint Ajay Kumar Choudhary as Independent Director for 5 Years

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 12 Mar 2026, 07:20 PM

Bajaj Housing Finance Limited has issued a postal ballot notice to seek shareholder approval for the appointment of Shri Ajay Kumar Choudhary as an Independent Director. The proposed appointment is for a five-year term starting from March 1, 2026, through February 28, 2031. Shareholders can participate in the decision through a remote e-voting process that runs for 30 days. This move is part of the company's efforts to ensure regulatory compliance and maintain strong board oversight.

Proposed appointment of Shri Ajay Kumar Choudhary as an Independent Director for a 5-year term.
The tenure is scheduled to run from March 1, 2026, until February 28, 2031.
Remote e-voting period is set from March 13, 2026, to April 11, 2026.
The cut-off date for determining shareholder voting eligibility was March 6, 2026.
The appointment follows recommendations from the Nomination and Remuneration Committee.

💡 Investors should review the director's credentials provided in the full notice and participate in the e-voting process. This is a routine governance matter and does not require any immediate change in investment strategy.

Bajaj Housing Finance Raises Rs 503.42 Crore via NCDs at 7.25% Coupon

🟡 NEUTRAL ⭐ 4/10

FUNDRAISE 📅 02 Mar 2026, 12:39 PM

Bajaj Housing Finance Limited has successfully allotted 50,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The issue raised a total of Rs 503.4165 crore with a fixed coupon rate of 7.25% per annum. These debentures have a residual tenure of 1057 days and are scheduled for maturity on January 22, 2029. The fundraising is part of the company's routine capital management to support its lending operations.

Allotted 50,000 NCDs with a face value of Rs 1,00,000 each
Total aggregate amount raised is Rs 503.4165 crore including discount and accrued interest
Fixed coupon rate of 7.25% p.a. with annual interest payment frequency
Maturity date set for January 22, 2029, with a residual tenure of 1057 days
Secured by a first pari-passu charge on book debts and loan receivables with 1.0x cover

💡 This is a routine operational fundraise for a housing finance company to support loan growth. Investors should monitor the company's ability to maintain low borrowing costs relative to its peers.

Bajaj Housing Finance Raises Rs 1,020.38 Crore via Private Placement of NCDs

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 20 Feb 2026, 12:59 PM

Bajaj Housing Finance Limited has successfully allotted 1,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) to raise approximately Rs 1,020.38 crore. These instruments carry a competitive coupon rate of 7.10% per annum and are scheduled for maturity on October 16, 2028. The funds raised through this private placement will likely support the company's lending operations and capital requirements. The NCDs are secured by a first pari-passu charge on the company's book debts and loan receivables.

Total issue size of Rs 1,020.3759 crore through 1,00,000 NCDs
Coupon rate fixed at 7.10% p.a. with annual interest payment frequency
Residual tenure of 969 days with final maturity on October 16, 2028
Secured by 1.00x cover on book debts and loan receivables
Instruments to be listed on the Wholesale Debt Market Segment of BSE Limited

💡 Investors should note this as a positive step in strengthening the company's liquidity for loan growth at a stable borrowing cost. No immediate action is required, but it reinforces the company's ability to access debt markets efficiently.

Bajaj Housing Finance to Meet Institutional Investors on February 25, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 19 Feb 2026, 05:29 PM

Bajaj Housing Finance Limited (BAJAJHFL) has scheduled a physical group meeting with analysts and institutional investors in Mumbai on February 25, 2026. The meeting is intended to discuss the company's performance based on publicly available information. This disclosure is a routine compliance requirement under SEBI (LODR) Regulations, 2015. Such interactions are standard for listed companies to engage with the investment community and provide clarity on existing disclosures.

Physical group meeting scheduled for Wednesday, February 25, 2026, in Mumbai
Interaction will involve a group of analysts and institutional investors
Discussions will be strictly limited to publicly available information only
Compliance filing made under Regulation 30 of SEBI (LODR) Regulations, 2015

💡 No immediate action is required as this is a routine meeting; however, investors should watch for any subsequent investor presentations or transcripts for qualitative insights.

View All BAJAJHFL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Assets Under Management (AUM) grew 26% YoY to INR 1,14,684 Cr in FY2025. Segment-wise AUM growth in Q2 FY2026 was: Home Loans (HL) 19%, Loan Against Property (LAP) 29%, Lease Rental Discounting (LRD) 35%, and Developer Financing (DF) 25%.

Geographic Revenue Split

The company operates across 176 locations with a network of 220 branches. Expansion is focused on deepening presence in existing markets and emerging ones, with NCR and Northern India locations becoming operational in FY2025.

Profitability Margins

Net Interest Income (NII) grew 20% to INR 3,007 Cr in FY2025. Profit After Tax (PAT) rose 25% to INR 2,163 Cr in FY2025 and grew 19% in H1 FY2026. Annualized Return on Assets (ROA) stood at 2.3% and Return on Equity (ROE) at 12.2% as of Q2 FY2026.

EBITDA Margin

Pre-impairment operating profit grew 28% to INR 2,850 Cr in FY2025. Operating efficiency improved as Opex to Net Total Income (NTI) ratio decreased from 24.0% in FY2024 to 20.8% in FY2025, and further to 19.6% in Q2 FY2026.

Capital Expenditure

Not disclosed in available documents; however, the company maintains a healthy Capital Adequacy Ratio (CAR) of 26.12% as of Q2 FY2026 to support growth.

Credit Rating & Borrowing

The company maintains the highest possible credit rating (CRISIL AAA). Cost of Funds (CoF) dropped by 50 bps YoY to 7.4% in Q2 FY2026, while portfolio yield moderated to 9.3%.

⚙️ Operational Drivers

Raw Materials

Debt capital is the primary 'raw material', consisting of NCDs, Term Loans (INR 7,000 Cr), NHB Refinance (INR 2,894 Cr), and Commercial Paper (INR 3,550 Cr).

Import Sources

Sourced from domestic capital markets, commercial banks, and the National Housing Bank (NHB).

Key Suppliers

Key providers of capital include the National Housing Bank (NHB) and various commercial banks for term loans and credit lines.

Capacity Expansion

Current network includes 220 branches across 176 locations. The company is rapidly scaling its developer financing and prime home loan teams to increase market penetration.

Raw Material Costs

Cost of Funds (CoF) was 7.4% in Q2 FY2026, a 34 bps sequential drop. Procurement strategy involves a balanced mix of floating and fixed-rate liabilities to optimize costs.

Manufacturing Efficiency

Opex to NTI ratio improved to 20.8% in FY2025 from 24.0% in FY2024, reflecting enhanced operational efficiency through digitalization.

Logistics & Distribution

Distribution is handled through 220 branches and an Approved Project Finance (APF) network of over 8,300 projects.

📈 Strategic Growth

Expected Growth Rate

21-23%

Growth Strategy

Strategy involves increasing market share in incremental home loan originations to 5% (from ~2.7%), optimizing product mix with 2-3% movements between HL, LRD, DF, and LAP, and reducing Opex to NTI to 14-15% through end-to-end digitalization.

Products & Services

Home Loans (HL), Lease Rental Discounting (LRD), Developer Financing (DF), and Loan Against Property (LAP).

Brand Portfolio

Bajaj Housing Finance, Bajaj Group.

New Products/Services

Expansion into Non-Prime Home Loans and deepening Developer Financing to enhance overall portfolio returns.

Market Expansion

Deepening presence in 176 existing locations and expanding into Northern India and NCR hubs.

Market Share & Ranking

Current incremental home loan market share is approximately 2.5-2.7%, with a target to reach 5%.

Strategic Alliances

Maintains assignment transactions with multiple partners, with an outstanding assigned portfolio of INR 15,171 Cr as of March 2025.

🌍 External Factors

Industry Trends

The home loan industry grew at a 13.7% CAGR (FY20-25) and is expected to grow at 14-16% CAGR through FY2028, reaching a size of INR 60-63 Lakh Cr.

Competitive Landscape

The prime segment is highly competitive and dominated by banks; BHFL competes by leveraging its parent group's brand and active treasury management.

Competitive Moat

Moat is built on the 'Bajaj' brand trust, the lowest cost of funds in the HFC sector, and a massive APF network of 8,300+ projects which provides unique customer access.

Macro Economic Sensitivity

Highly sensitive to interest rate cycles; a 15-20 bps margin decline is anticipated due to market competition and interest rate movements.

Consumer Behavior

Shift toward prime retail and commercial segments (LRD/DF) where customers seek competitive interest rates and fast processing.

Geopolitical Risks

Minimal impact as operations are entirely domestic within the Indian housing market.

⚖️ Regulatory & Governance

Industry Regulations

Subject to RBI and NHB regulations. The company must comply with Minimum Public Shareholding (MPS) norms, requiring the promoter (Bajaj Finance Ltd) to divest up to 2% (166.6 million shares) by February 2026.