India · Delayed Price · Currency is INR Bajaj Housing Finance Earnings Call Transcripts
Fiscal Year 2026
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AUM grew 23% YoY with strong asset quality and operating efficiency. Margins compressed slightly due to competitive pricing, but ROA remains at the upper end of guidance. Asset quality, capital adequacy, and diversified funding remain robust.
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AUM grew 23% year-over-year to INR 133,000 crore, with PAT up 21% and robust asset quality. Disbursements rose 32%, and the Sambhav SBU is set for rapid expansion. Management remains optimistic on growth across all segments despite competitive pressures.
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AUM grew 24% year-over-year with strong disbursement and improved asset quality, though margin compression is expected due to competition and rate cuts. Home loans remain the largest segment, and digital initiatives are advancing. Regulatory and capital targets are on track.
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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
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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, but asset mix changes aim to offset this. No primary capital raise is planned, and credit costs remain low.
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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.
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Achieved strong 26% AUM growth and robust asset quality, with PBT up 23% and PAT up 21% year-over-year. IPO completed, capital adequacy rose to 29%, and credit costs are normalizing as overlays are nearly exhausted.