Bajaj Housing Finance Ltd

Bajaj Housing Finance Q3 FY26: Strong Growth with 23% AUM Increase & 21% PAT Rise 📈

- AUM grew 23% YoY to ₹1.33 lakh crore in Q3 FY26

- Disbursements up 32% YoY to ₹16,545 crore

- PAT increased 21% YoY to ₹665 crore

- NIM held steady at 4% sequentially and YoY

- Cost of funds improved 50 bps YoY to 7.3%

- Gross spreads moderated to 1.8% due to portfolio yield reduction

- Operating efficiency improved with OPEX to NTI at 19% (excluding one-time items)

- Asset quality remained strong: GNPA at 0.27%, NNPA at 0.11%

- Sambhav loans reached monthly disbursement run rate of ₹325-350 crore

- Target: ₹600+ crore monthly disbursement for Sambhav loans in 12-15 months

- Management expects cost of funds to decline by 20-25 bps in FY27

- Aims to reduce OPEX to NTI to 14-15% in 3-4 years