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A Strong Start to FY26 for Bajaj Housing Finance
Bajaj Housing Finance (BHFL) has delivered a stellar performance in the first quarter of FY 2025–26, with assets under management (AUM) soaring 24% year-on-year to reach Rs 1.2 lakh crore, up from Rs 97,071 crore a year earlier. Loan assets mirrored this robust growth, climbing to Rs 1 lakh crore from Rs 85,283 crore in June 2024.
Gross disbursements for Q1 stood at Rs 14,640 crore, marking a healthy 22% increase over the Rs 12,004 crore disbursed in June 2024. This momentum was driven by an optimized mix across key segments such as home loans, developer finance, and lease rental discounting. UBS, in its latest note, forecasts a 24% AUM CAGR for BHFL through FY27, highlighting the company’s strategic focus on high-yield, diversified segments.
UBS reaffirmed its ‘neutral’ rating on BHFL, with a price target of Rs 135, citing limited room for further product mix shifts due to cyclical exposure in developer finance. Despite the strong operational performance, BHFL shares ended marginally lower at Rs 121.25, slightly underperforming the Nifty 50’s 0.19% decline.
The quarter’s results underscore BHFL’s effective diversification strategy and its ability to tap into high-yield segments while balancing growth and risk. With a consistent rise in AUM, strong loan growth, and resilient asset quality, Bajaj Housing Finance is cementing its position as a key player in India’s housing finance sector.
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