Bajaj Housing Finance Q2 results: PAT advances 18% YoY to ₹643 crore; NII soars 34%

In the same period of the 2024-25 fiscal year (Q2Y25), it had clocked a profit of ₹545.60 crore, it said in a regulatory filing.

The firm's net interest income (NII) advanced 34% YoY to ₹956 crore during the quarter under review, compared to ₹713 crore for the September quarter of the previous fiscal year.

Its net interest margin (NIM) contracted by 10 basis points (bps) YoY to 4% in Q2FY26, as against 4.1% in the year-ago period.

Its asset quality improved slightly, as its gross non-performing assets (GNPA) decreased by 3 bps YoY to 0.26% in Q2FY26, compared to 0.29% in the corresponding period of last year. However, its net NPA (NNPA) remained stable at 0.12%.

The company’s loan losses and provisions grew to ₹50 crore in the September quarter of the current financial year, from ₹5 crore a year back.

During the quarter, its assets under management (AUM) stood at ₹1.27 lakh crore, marking a 24% YoY jump from ₹1.03 lakh crore in the second quarter of FY25, amid heightened competitive intensity and a decreasing interest rate scenario.

Its annualised return on assets (ROA) stood at 2.3%, from 2.5%.

“Operating efficiency improved during the quarter, with the Opex to NTI ratio at 19.6% in Q2FY26, as against 20.5% in Q2 FY25. PBC stood at 61.21% as against the regulatory requirement of 60.00%,” the company said.

Bajaj Housing Finance stock performance

Shares of Bajaj Housing Finance closed 0.26% lower at ₹109.25 apiece on the National Stock Exchange (NSE) on Thursday. However, the results were announced after the market closed.

The stock has slumped more than 1% over the past five days and above 2% over the month. It has lost 8% in the last six months. On a year-to-date basis, it has slumped a little over 14%.

While the scrip touched a year’s high of ₹147.70 on December 6, 2024, it reached a 52-week low of ₹103.10 per equity share on January 28, 2025.

Bajaj Housing Finance has a total market capitalisation of ₹91,030.76 crore, as of November 6, 2025, according to data on the NSE.