India · Delayed Price · Currency is INR Bajaj Housing Finance Earnings Call Transcripts
Fiscal Year 2026
-
AUM grew 23% YoY with stable asset quality and improved efficiency, while net interest income and PAT rose strongly. Margins are expected to compress slightly in FY 2027 due to competitive pressures, but ROA should remain at the upper end of guidance.
-
AUM grew 23% year-over-year to INR 133,000 crore, with PAT up 21% and strong disbursement momentum. Asset quality remained robust, but Tier 1 capital ratio declined due to regulatory changes. Management targets continued growth in near prime and affordable segments, with stable margins and improving cost efficiency.
-
AUM grew 24% year-over-year with strong disbursement and stable asset quality, despite margin compression from competition and rate cuts. Net income rose 34%, and management expects medium-term growth to resume as attrition pressures ease.
-
AUM grew 24% year-over-year, with PAT up 21% and strong asset quality. FY2026 guidance revised to 21%-23% AUM growth due to competitive pressures and real estate moderation, with stable NII but 15-20 bps NIM compression expected. Digital and capital positions remain strong.
Fiscal Year 2025
-
AUM grew 26% YoY to INR 114,684 crore with strong asset quality and 54% PAT growth in Q4 FY 2025. NIM compression of 10-15 bps is expected in FY 2026 due to rate cuts, but asset mix changes aim to offset this. Capital adequacy remains robust and credit costs are well managed.
-
AUM grew 26% year-over-year to INR 108,314 crore, with strong profitability and stable asset quality. Medium-term guidance targets 24%-26% AUM growth, improved efficiency, and robust risk management, while developer finance and affordable housing remain strategic focus areas.
-
Achieved strong 26% AUM growth and robust asset quality, with PBT up 23% and PAT up 21% year-over-year. IPO completed, capital adequacy at 29%, and credit costs expected to normalize as overlays are nearly exhausted. Competition remains intense, but outlook for retail and affordable segments is positive.