BAJAJHFL

Bajaj Housing Finance share price & financials

Price
₹86.34
Market cap
₹72.6k Cr
Sector
Financial Services
Calls analysed
7
Latest concall · Q1 FY27 · call held 29 Jul 2026

Bajaj Housing Finance Limited Q1 FY27

PAT ₹715 cr +23%ROE 12.5% AUM ₹1,49,600 cr +24%NIM 3.7%

What went well

  • Highest ever quarterly AUM growth of INR 8,918 crores in Q1 FY27, compared to INR 5,736 crores in Q1 FY26.
  • Disbursements grew 33% YoY to INR 19,509 crores, with AUM up 24% YoY.
  • PAT grew 23% YoY to INR 715 crores from INR 583 crores in Q1 FY26.

What to watch

  • NIM dropped by 14 bps sequentially from 3.8% to 3.7% in Q1 FY27.
  • Expected NIM moderation of 20-25 bps during FY27 from FY26 levels due to yield compression.
Read the full call →

What Bajaj Housing Finance Limited does

Bajaj Housing Finance Limited is a housing finance company (HFC) and part of the Bajaj Group, lending across the full mortgage product suite: retail home loans (salaried prime, self-employed/professional prime, and near-prime/affordable), loans against property (LAP), and commercial mortgage products — lease rental discounting (LRD) against rent-generating commercial/retail/industrial properties, and developer/construction finance for residential and commercial projects. It sources customers through a mix of direct-to-customer channels, developer/intermediary relationships and digital/self-sourcing, and originally started with prime salaried home loans before expanding into the other mortgage sub-segments. Its organisation is structured into three business verticals — Retail Prime, Retail Near-Prime & Affordable, and Commercial (LRD and Developer Finance) — each with dedicated sales and credit teams.

Segments

  • Home Loans
  • Lease Rental Discounting (LRD)
  • Loans Against Property (LAP)
  • Developer Financing (DF)
Locations served
174
Home loans presence
182 locations
Loans against property presence
74 locations
Lease rental discounting presence
17 locations
Developer financing presence
15 locations
Approved project finance (APF) developer network
9,400+ projects
Founded 2008Headquarters Pune, Maharashtra, India Company website

Guidance record · Q1 FY27

what the last two calls moved 17 tracked 5 delivered 1 missed 11 open
  • Cost of Funds delivered said Q4 FY26 Promised: while cost of funds side also we'll see some marginal benefit of 3 to 5 basis points. Q1 FY27: Cost of Funds reduced by 10 bps QoQ to 7.2% from 7.3% in Q4 FY26, outperforming the guided 3-5 bps reduction.
  • ROA for FY27 revised up said Q4 FY26 Promised: But we should be in the medium term range with a bias towards hitting the upper end of the medium term range in the ROA, which is our computation. Q1 FY27: Management provided formal FY27 guidance for ROA at 2.1-2.3%, which is higher than the original medium-term range of 2.0-2.2% and confirms the bias towards the upper end.
  • NIM/NTI Moderation for FY26 missed said Q1 FY26 Promised: NIM or NTI may moderate by 15-20 bps. Q4 FY26: YoY NIM dropped by 20 bps (from 4.0% to 3.8%), which is at the high end of the original guidance and significantly more than the improved 8-10 bps guidance from Q3.

All 17 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 17.1%, net profit up 22.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue2,410 2,449 2,504 2,616 2,755 +14%2,884 +18%2,903 +16%3,063 +17%
Net profit546 548 587 583 643 +18%665 +21%669 +14%715 +23%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −24.9% 1Y

₹70₹80₹90₹100₹110Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 6 Nov 2025Q3 FY26 — 2 Feb 2026Q4 FY26 — 27 Apr 2026Q1 FY27 — 29 Jul 2026

1Y: ₹112.07 on 10 Sept 2025 → ₹84.11. High ₹115.92 (16 Sept 2025), low ₹73.09 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+2.3%
29 Jul
Q4 FY26
+1.9%
27 Apr
Q3 FY26
−0.0%
2 Feb
Q2 FY26
−0.1%
6 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 21.0% a year over 2 years, FY24 to FY26.

Year endingFY24FY25FY26
Revenue₹7.6k Cr₹9.6k Cr₹11.2k Cr
Interest₹4.7k Cr₹6.0k Cr₹6.8k Cr
Depreciation₹40 Cr₹41 Cr₹48 Cr
Net profit₹1.7k Cr₹2.2k Cr₹2.6k Cr
Net margin22.7%22.6%22.9%
ROE15.0%13.0%12.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹4.9k Cr₹4.9k Cr₹6.7k Cr₹6.7k Cr₹8.3k Cr₹8.3k Cr
Reserves₹1.1k Cr₹1.9k Cr₹3.8k Cr₹5.5k Cr₹12.9k Cr₹14.2k Cr
Borrowings₹31.6k Cr₹41.5k Cr₹53.7k Cr₹69.1k Cr—₹103.7k Cr
Other liabilities₹226 Cr₹293 Cr₹406 Cr₹464 Cr₹735 Cr₹920 Cr
Total liabilities₹37.9k Cr₹48.5k Cr₹64.7k Cr₹81.8k Cr₹116.0k Cr₹127.1k Cr
Fixed assets₹79 Cr₹97 Cr₹113 Cr₹123 Cr₹144 Cr₹154 Cr
Capital work in progress₹0 Cr₹1 Cr₹0 Cr₹1 Cr₹0 Cr₹0 Cr
Investments₹3.3k Cr₹1.2k Cr₹2.0k Cr₹1.9k Cr₹2.1k Cr₹2.5k Cr
Other assets₹34.5k Cr₹47.2k Cr₹62.5k Cr₹79.8k Cr₹113.7k Cr₹124.5k Cr
Total assets₹37.9k Cr₹48.5k Cr₹64.7k Cr₹81.8k Cr₹116.0k Cr₹127.1k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters trimmed −2.00 pp while the public added +1.73 pp. The shareholder count shrank 8% to 23,15,861.

Promoters
86.7%
FIIs
0.9%
DIIs
1.0%
Public
11.3%
Others
0.0%

Since Jun 2025

  • Promoters −2.00 pp
  • Public +1.73 pp
  • DIIs +0.41 pp

How it drifted, 8 quarters

Over this window the public went from 7.6% to 11.3% — +3.7 pp.

Sep '24Jun '25Jun '26

Ownership split by quarter, oldest first. Sep '24: Promoters 88.8%, FIIs 1.7%, DIIs 1.8%, Government 0.1%, Public 7.6%.Dec '24: Promoters 88.8%, FIIs 1.1%, DIIs 0.8%, Public 9.3%.Mar '25: Promoters 88.8%, FIIs 1.1%, DIIs 0.7%, Public 9.4%.Jun '25: Promoters 88.7%, FIIs 1.0%, DIIs 0.6%, Public 9.6%, Others 0.1%.Sep '25: Promoters 88.7%, FIIs 0.9%, DIIs 0.5%, Public 9.8%, Others 0.0%.Dec '25: Promoters 86.7%, FIIs 0.9%, DIIs 1.4%, Public 10.9%, Others 0.0%.Mar '26: Promoters 86.7%, FIIs 1.0%, DIIs 1.2%, Public 11.1%, Others 0.0%.Jun '26: Promoters 86.7%, FIIs 0.9%, DIIs 1.0%, Public 11.3%, Others 0.0%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Bajaj Housing Finance Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Bajaj Finance Limited 86.70%unchanged
Bajaj Holdings & Investment Limited 0.00%unchanged
Sanjivnayan Bajaj 0.00%unchanged
Bajaj Finserv Limited 0.00%unchanged
Vidal Healthcare Services Private Limited 0.00%unchanged
Vidal Health Insurance TPA Private Limited 0.00%unchanged
VH Medcare Private Limited 0.00%unchanged
Snapwork Technologies Private Limited 0.00%unchanged
Pennant Technologies Private Limited 0.00%unchanged
Bajaj Finserv Ventures Limited 0.00%unchanged
Bajaj Finserv Mutual Fund Trustee Limited 0.00%unchanged
Bajaj Finserv Health Limited 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in BAJAJHFL

Filings to Aug 2026

0 new, 7 added, 1 trimmed, 0 sold out — net +32.78 L shares (+25.4%).

Held by funds
₹137 Cr
10 schemes
Biggest holder
Nippon India Growth Mid Cap Fund
₹84 Cr · 0.2% of that fund
SchemeHoldingLast month
Nippon India Growth Mid Cap Fund Nippon India Mutual Fund₹84 Cr+31.88 L
HDFC Balanced Advantage Fund HDFC Mutual Fund₹17 Crheld
HDFC Large and Mid Cap Fund HDFC Mutual Fund₹17 Crheld
Nippon India ETF Nifty Midcap 150 Nippon India Mutual Fund₹9 Cr+0.63 L
Nippon India Nifty Midcap 150 Index Fund Nippon India Mutual Fund₹6 Cr+0.14 L
SBI Nifty Midcap 150 Index Fund SBI Mutual Fund₹3 Cr+0.13 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

7 added, 1 trimmed — net +32.78 L shares (+25.4%)

Funds are sitting on
-15%
vs est. average cost
Held by funds
₹137 Cr
10 schemes · ≈ 0.19% of the company
Biggest holder
Nippon India Growth Mid Cap Fund
₹84 Cr · 0.2% of that fund
Longest holder
HDFC Balanced Advantage Fund
1y 11m · since Sep '24

Shares held by these funds −54%

Sep '24 1.29 cr shares Jul '26

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Bajaj Housing Finance Limited

Guides on how to read this kind of business and the numbers that matter.