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Bajaj Housing Finance Q2 Net Profit Jumps 17 Percent As Asset Quality Stays Stable
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CNBC TV18•16-10-2026, 16:09
Bajaj Housing Finance Q2 Net Profit Jumps 17 Percent As Asset Quality Stays Stable
- •Bajaj Housing Finance reported a 17.7 percent increase in net profit to ₹757 crore for the September quarter compared to ₹643 crore in the previous year.
- •Net Interest Income rose 10.3 percent year-on-year to ₹1,055 crore, driven by solid core income growth.
- •Asset quality remained robust and stable, with gross NPA holding steady at 0.29 percent and net NPA at 0.12 percent.
- •Assets under management surged 25 percent to reach ₹1.58 lakh crore for the quarter ending September 30.
- •Market analyst ratings show a mixed sentiment, with seven buy ratings, six holds, and four sells.
Key Questions Answered
Bajaj Housing Finance reported a 17.7% increase in net profit to ₹757 crore for the September quarter, up from ₹643 crore last year. Meanwhile, its core income or Net Interest Income (NII) grew by 10.3% to reach ₹1,055 crore compared to ₹956.5 crore in the year-ago period.
The company's asset quality remained stable on a sequential basis during the September quarter, with both gross NPA and net NPA remaining unchanged at 0.29% and 0.12%, respectively, matching the figures from the June quarter.
Analysts are split on the stock, with 7 having a buy rating, 6 holding, and 4 giving a sell rating, and consensus estimates imply a 12% upside. The shares ended lower at ₹83.40 ahead of the results and are trading near their IPO price of ₹70.
