Bajaj Housing Finance Ltd (BAJAJHFL) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Management will not revise AUM growth guidance upward, citing risk of higher attrition if banks fail to pass on rate hikes to new borrowers.
- A potential 6-7% hit to PBT is anticipated if draft IRDAI guidelines on insurance commissions are implemented, challenging future profitability.
- The company will accelerate growth in its higher-yield Sambhav and developer finance books to offset expected margin pressure in the prime mortgage segment.
Performance Overview
- Bajaj Housing Finance Ltd crossed a landmark INR 1.5 lakh crore AUM in Q2 FY27, driven by strong, diversified growth across its loan portfolio.
- Company reported robust 25% YoY growth in both AUM and disbursements, demonstrating sustained business momentum despite market shifts.
- Profitability remains healthy, with PAT growing 18% YoY to INR 757 crore and ROA standing at 2.2% for the quarter.
- Asset quality maintained stability with GNPA and NNPA flat sequentially at 29 bps and 12 bps, respectively, reflecting prudent risk management.
- Operating efficiency continued to improve, with the opex-to-NTI ratio declining to 19.1% from 19.7% YoY, despite ongoing investments in growth businesses like Sambhav loans.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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