Bajaj Housing Finance Q1 profit rises 23% as AUM climbs 24%
Bajaj Housing Finance reported June-quarter net profit of ₹715 crore, up 22.6% year on year, as assets under management grew 24% to ₹1.50 lakh crore. Asset quality remained steady, with gross NPA at 0.29% and net NPA at 0.12%.
What happened
Bajaj Housing Finance posted a 22.6% year-on-year rise in June-quarter profit to ₹715 crore, supported by business growth and lower provisions. AUM rose 24% to
Key facts
- Net profit: ₹715 crore, up 22.6% YoY from ₹583 crore
- Net interest income: ₹968 crore, up 9% YoY
- Net total income: ₹1,175 crore, up 16% YoY
- Revenue: ₹3,063 crore, up 17.2% YoY
- Assets under management: ₹1,49,624 crore, up 24% YoY
- Gross NPA: 0.29%; net NPA: 0.12%
- Capital adequacy ratio: 21.59%
Why this matters
Bajaj Housing Finance’s expanding ₹1.50 lakh crore AUM base and strong credit metrics reinforce its position as a scaled, financially resilient housing-finance platform.
What to watch
- Quarterly AUM growth versus disbursement growth, which will show whether momentum is broad-based or being supported by a few large channels.
- Net interest margin, cost of funds and spread trends as deposit-taking banks intensify mortgage competition.
- Gross and net NPA movement, stage-2 loans, restructuring and provision coverage as recent loan vintages season.
- Mix shifts between prime housing loans, loan-against-property, developer finance and higher-yield segments.
- RBI policy-rate changes, system liquidity and wholesale funding spreads.
- Residential property registrations, housing affordability and developer inventory trends in key urban markets.
- Expand cross-selling of insurance, developer finance and loan-against-property products to deepen customer monetization.
- Use strong asset quality and Bajaj group funding credibility to defend borrowing costs and maintain competitive home-loan pricing.
- Increase focus on granular salaried and self-employed borrower acquisition in tier-2 and tier-3 cities.
- Manage public-market expectations around whether profit growth can remain above 20% while preserving current credit metrics.