Bajaj Housing Finance Q3 Results 2026 Highlights: Profit jumps 21% YoY to ₹665 crore; NII rises 19%

Bajaj Housing Finance said its perating Expenses to Net Total Income for Q3 FY26 was 19.0% as against 19.8% in Q3 FY25. Exceptional item of ₹13.14 crore includes one-time impact of increase in gratuity liability due to changes in the New Labour Codes issued by the Government of India on 21 November 2025.

Loan assets in Q3 FY26 were at ₹1,17,305 crore, higher by 23% YoY as against ₹95,570 crore a year ago.

Loan losses and provisions for the quarter under review was ₹56 crore as against ₹35 crore in Q3 FY26 (including ₹10 crore Management overlay release). Gross NPA and Net NPA as of 31 December 2025 stood at 0.27% and 0.11%, respectively as against 0.29% and 0.13% as of 31 December 2024. Provisioning coverage ratio on stage 3 assets at around 59%.

Net total income increased by 24% YoY in Q3 FY26 to ₹1,153 crore from ₹933 crore in Q3 FY25.

The net interest income, calculated by deducting the interest expended from interest received, showed a 19% YoY decline in Q3 FY26. NII in Q3 FY26 stood at ₹963 crore as against ₹806 crore in Q3 FY25.

Bajaj Housing Finance posted a 21% YoY rise in its net profit to ₹665 crore from ₹548 crore in the year-ago period as NII recorded a healthy 19% growth.

Bajaj Housing Finance shares rebounded to end higher on Monday ahead of the Q3 results announcement. Bajaj Housing Finance share price closed the session flat with a positive bias at ₹89.83 on the BSE.

During the day, it had slumped over 2% to ₹87.15.

Domestic brokerage MOSL expects Bajaj Housing Finance AUM growth of 23% YoY/ 5% QoQ. The brokerage has a ‘neutral’ rating on the Bajaj group stock.

KIE sees PAT growth 19.4% YoY and 1.8% QoQ to ₹654.3 crore. Meanwhile, it pegged NII growth at 22.8% YoY and 3.5% QoQ to ₹989.9 crore.

Operating expenses will increase to 26% yoy, tempered by new labor code; this will translate to cost-toAAUM ratio to 0.71% in 3QFY26E (0.69-0.75% in last four quarters). We pen down credit cost of 15 bps (11-16 bps in the previous four quarters), said KIE.

The company's board recently announced the allottment of 50,000 NCDs, at a face value of ₹1,00,000 each, aggregating to Rs. 500 crore on a private placement basis.

NIM compression will likely be moderate at 8 bps QoQ to 3.4% due to sharp decline in yields, partially offset by decline in cost of borrowings, estimated Kotak Institutional Equities (KIE).

Commentaries on NIM trajectory and loan growth are the key monitorables to look out for in Bajaj Housing Finance Q3 results, as per brokerage MOSL.

Domestic brokerage Motilal Oswal Financial Services (MOSL) expects the net interest income (NII) for Bajaj Housing Finance to come in at ₹1000.5 crore during the quarter under review, a growth of 24.1% year-on-year (YoY). The figure stood at ₹806 crore in the preceding quarter a year ago.

Shares of Bajaj Housing Finance declined up to 1.8% to ₹88.05 on the BSE today ahead of the Q3 results. Brokerages expect robust over 20% growth in the company's NII and profits.

The company, in an exchange filing on January 7, said, “Pursuant to the aforementioned Regulation, it is hereby informed that meeting of the Board of Directors of the Company will be held on Monday, 2 February 2026, inter-alia, to consider and approve the unaudited standalone financial results of the Company for the quarter and nine months ended 31 December 2025.”