Overview
- Bajaj Housing Finance reported standalone net profit of Rs 664.89 crore for Q3 FY26, up about 21% year on year, with revenue from operations rising to Rs 2,885.93 crore.
- The housing financier’s AUM reached roughly Rs 1.33 lakh crore, up 23% year on year, as gross and net NPA stood at 0.27% and 0.11% and an exceptional gratuity charge of Rs 13.14 crore was booked under the new labour codes.
- Bajaj Finance posted consolidated net profit of Rs 3,978 crore, down 6% year on year, after total provisions of Rs 1,671 crore that included an accelerated ECL of Rs 1,406 crore and a labour‑code exceptional cost of Rs 265.22 crore.
- Despite the profit decline, Bajaj Finance’s AUM grew about 22% to roughly Rs 4.86–4.88 lakh crore, net interest income rose 20.6% to Rs 11,318 crore, and asset quality stayed broadly stable with gross NPA at 1.21% and net NPA at 0.47%.
- Market reaction and views diverged as Bajaj Housing shares climbed up to about 6% with ICICI Securities at BUY (target Rs 125) and MOFSL at Neutral (target Rs 100), while Morgan Stanley kept Bajaj Finance at Overweight with a Rs 1,195 target.