FINANCIAL SERVICES · NSE/BSE: BAJAJHFL

Bajaj Housing Finance Limited Earnings Summary — Q4 FY2026

Sentiment: Positive

AI-generated summary

Generated 2026-06-23

Bajaj Housing Finance reports Q4 FY2026 PAT growth with healthy AUM and stable asset quality

Net Profit

₹669 Cr

YoY 14%

Prior: ₹587 Cr

Revenue

₹2707 Cr

YoY 14%

Prior: ₹2374 Cr

Operating Margin

3.8%

QoQ -12 bps

Prior: 4.0%

Dividend Yield

—

Not provided in latest quarterly source

Net Debt / Equity

—

Not provided as a quarterly metric in latest source

Key Takeaways

Attained status as the 2nd largest HFC in India within only 7 years of operations.
Assets Under Management (AUM) reached a massive ₹1,33,412 Cr, reflecting a 23% YoY growth rate.
Maintains industry-leading asset quality with ‘significantly lower’ GNPA/NNPA compared to traditional HFC peers.
Strategically shifted AUM mix toward Lease Rental Discounting and Developer Finance to optimize ROA.
Leverages the prestigious 'Bajaj' brand to maintain a lower cost of funds and high credit ratings (CRISIL AAA).
Successfully transitioned into a listed entity, significantly bolstering the capital base for expansion.
Focused on 'upper-middle-class' salaried individuals and prime commercial assets to minimize credit costs.

Management Guidance

Management is focused on maintaining high operating leverage where AUM growth outstrips operating expense growth. The strategy targets a 'middle-of-the-pyramid' to 'top-of-the-pyramid' customer profile to ensure high credit quality.

Sentiment Shift

Improving

The transition from a subsidiary to a listed market leader with exponential AUM growth and disciplined credit costs signals a strong upward trajectory.

Efficient

Aggressive growth

Risk-averse

Quality-focused

Outlook

The company is positioned as a 'High Quality Compounder' with a focus on diversifying its asset mix. Recent large-scale NCD allotments totaling over ₹6,000 crore in Q1 FY27 suggest aggressive liquidity building for future disbursements.

From the Annual Report (Key Quotes)

“Exponential scale with controlled credit costs.”

“Raw power of the Bajaj ecosystem.”

“Conservative in risk, aggressive in execution.”

Earnings Call Transcript — Q4 FY2026

Open original

\| To,
The Manager
Listing Department
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai-400 001 \| To,
The Manager
Listing Department
National Stock Exchange of India Limited
Exchange Plaza,C-1 Block G
Bandra-Kurla Complex,Bandra(East)

Mumbai-400 051 \|
\| \-\-\- \| \-\-\- \|
\| BSE Code:544252 \| NSE Code:BAJAJHFL-EQ \|

Dear Sir/Madam,

Sub: Transcript of earnings conference call held in respect of the financial results for
the quarter ended 31 March 2026

Ref: Regulation 30 of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (the ‘SEBI Listing Regulations’) r/w Clause
15 of Part A of Schedule III to the SEBI Listing Regulations

In furtherance of our letter dated 14 April 2026, informing the Exchanges regarding earnings
conference call in respect of the financial results of the Company for the quarter ended
31 March 2026, the transcript of Q4 FY2026 earnings conference call held on 27 April 2026 at
6:00 p.m. IST has been uploaded on the website of the Company and is available at ‘Quarterly
Earning Conference Call Transcript’ drop down at
[https://www.bajajhousingfinance.in/investor-presentation](https://www.bajajhousingfinance.in/investor-presentation).

Also, enclosed is the transcript (pdf) as attachment for ease of reference.

We request you to kindly take the same on record.

Thanking you,

BAJAJ HOUSING FINANCE LTD.

Yours Faithfully,
For Bajaj Housing Finance Limited

For Bajaj Housing Finance Limited

PATNI

by ATUL PATNI

Company Secretary

Corporate Office: 5th Floor, B2 Building, Cerebrum IT Park, Kumar City, Kalyani Nagar, Pune 411014, Maharashtra Registered Office: Bajaj Auto Limited Complex, Mumbai-Pune Road, Akurdi, Pune 411035, Maharashtra Corporate Identity Number (CIN): L65910PN2008PLC132228 Tel: +91 20718 78060 \| Email: [bhflwecare@baiaiihousing.co.in](mailto:bhflwecare@baiaiihousing.co.in)

Date: 2026.05.04

Email id:- [bhflinvestor.service@bajajhousing.co.in](mailto:bhflinvestor.service@bajajhousing.co.in)

* * *

# “Bajaj Housing Finance Limited Q4 FY26 Earnings Conference Call”

# April 27, 2026

## MANAGEMENT: MR. ATUL JAIN – MANAGING DIRECTOR – BAJAJ HOUSING FINANCE LIMITED

## MR. GAURAV KALANI – CHIEF FINANCIAL OFFICER – BAJAJ HOUSING FINANCE LIMITED

## MODERATOR: MR. VIRAL SHAH – IIFL CAPITAL SERVICES

### Page 1 of 17

* * *

Disclaimer:

This transcript is edited for factual errors and does not purport to be a verbatim record of the
proceedings. The reader is also requested to refer to audio recording of the call uploaded on the
company website on 27th Apr 2026. In case of discrepancy, the audio recordings will prevail.
No part of this publication may be reproduced or transmitted in any form or by any means
without the prior written consent of Bajaj Housing Finance Limited.

Moderator:

Ladies and gentlemen, good day and welcome to the Bajaj Housing Finance Limited Q4 FY26
Earnings Conference Call, hosted by IIFL Capital Services Limited. As a reminder, all
participant lines will be in the listen-only mode and there will be an opportunity for you to ask
questions after the presentation concludes. Should you need assistance during this conference
call, please signal an operator by pressing star then zero on your touchtone phone. Please note
that this conference is being recorded.

Viral Shah:

I now hand the conference over to Mr. Viral Shah from IIFL Capital Services. Thank you and
over to you, Mr. Shah.

Atul Jain:

Thank you, Nirav. Good evening, everyone. This is Viral Shah from IIFL Capital. Welcome to
the Q4 FY26 Earnings Conference call of Bajaj Housing Finance Limited. On behalf of IIFL
Capital, I would like to thank the management of Bajaj Housing Finance for giving us this
opportunity to host the call.

From the management team today, we have Mr. Atul Jain, Managing Director; Mr. Gaurav
Kalani, Chief Financial Officer and other senior members of the management team. We will
have opening comments from the management tea

…

Source: NSE — Latest Concall Transcript

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This summary is AI-generated from Bajaj Housing Finance Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.

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