Q4 2026 Bajaj Housing Finance Ltd Earnings Call Transcript
Key Points
- Bajaj Housing Finance Ltd (NSE:BAJAJHFL) reported a strong AUM growth of 23% year-on-year, reaching INR 1,40,000 crore.
- The company maintained a stable asset quality with Gross NPA at 27 bps and Net NPA at 11 bps.
- Capital adequacy remains strong with CAR at 22.46%, well above the regulatory threshold.
- Net interest income grew by 15% in Q4 FY26, supported by higher fee and assignment income.
- The geographical network expanded to 226 branches across 182 locations, enhancing market reach.
- Net interest margin declined by 12 bps sequentially from 4% in Q3 FY26 to 3.8% in Q4 FY26.
- There was a moderation in portfolio yield by 14 bps due to lower acquisition pricing and portfolio attrition.
- The cost of funds remains a concern with a slight reduction of only 4 bps sequentially.
- The competitive intensity in the market led to a compression in home loan acquisition yields.
- The company anticipates some margin compression in FY27 due to the lower rate of new acquisitions compared to the higher rate of outgoing loans.
Ladies and gentlemen, good day and welcome to Bajaj Housing Finance Ltd Q4 FY26 earnings conference call hosted by IIFL Capital Services Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Viral Shah from IIFL Capital Services. Thank you and over to you, Mr. Shah. Thank you and over to you, Mr. Shah.
Good evening, everyone. This is Viral Shah from IIFL Capital. Welcome to the 4Q 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 team, post which we will open the floor for Q&A.
With that, I would like to transfer the call to Atul for his opening
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