Bajaj Housing Finance Ltd. · NSE:BAJAJHFL
Bajaj Housing Finance — Q2 FY26 Earnings Presentation
38 slides from Bajaj Housing Finance's earnings presentation, Nov 6, 2025
Slide 1: Stock exchange cover letter for investor presentation
6 November 2025 To, To, The Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1 Block G Dalal Street Bandra - Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400 051 BSE Code: 544252 NSE C
Slide 2: Investor Presentation Q2 FY26
INVESTOR PRESENTATION Q2 FY26 06 Nov 2025
Slide 3: Table of Contents
Table of Contents Executive Summary Executive Summary Overview of Bajaj Housing Finance Overview of Bajaj Housing Finance Financial Performance Financial Performance Treasury Update Treasury Update Business Wise Update Business Wise Update Asset Quality Asset Quality BAJAJ HOUSING FINANCE LIMITED 2
Slide 4: Quarterly Synopsis
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality EXECUTIVE SUMMARY Quarterly Synopsis Stable quarter with AUM growth of 24% amidst heightened competitive intensity and decreasing interest rate scenario. Profit after tax (PAT
Slide 5: Quarterly Financial Indicators: AUM Growth
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality EXECUTIVE SUMMARY Quarterly Financial Indicators BUSINESS METRICS ✓ AUM for the Q2 FY26 grew ₹ 6,329 Cr; higher 24%↑ AUM than ₹ 5,497 Cr for Q2 FY25 (₹ 5,736 Cr in Q1 Home Loa
Slide 6: Quarterly Financial Indicators: Cost of Funds
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality EXECUTIVE SUMMARY Quarterly Financial Indicators COST OF FUNDS & LIQUIDITY ✓ COF reduced by 34 bps on sequential basis owing to policy rate transmission on existing borrowings
Slide 7: Quarterly Financial Indicators
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality EXECUTIVE SUMMARY Quarterly Financial Indicators CREDIT COST 0.26% 0.30% | Q1 FY26 ✓ Loan loss to avg. loan assets stood at 0.18% (annualized) in Q2 FY26 as against 0.02% in Q
Slide 8: Part of Bajaj Group
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality OVERVIEW OF BAJAJ HOUSING FINANCE Part of Bajaj Group Bajaj Holdings & Investment Limited (Listed) 34.21% 34.21% 2 2 38.35%1 XX.XX% 51%3 XX.XX% Bajaj Auto Limited (Listed) Baj
Slide 9: Journey at a glance
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality OVERVIEW OF BAJAJ HOUSING FINANCE Journey at a glance FY18 FY20 FY22 FY24 ▪ Started lending FY19 ▪ Crossed AUM FY21 ▪ Crossed AUM FY23 ▪ Crossed AUM FY25 operations milestone
Slide 10: Consistent Financial Performance: 8-year Financial Snapshot
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality OVERVIEW OF BAJAJ HOUSING FINANCE Consistent Financial Performance: 8-year Financial Snapshot ₹ in Crore CAGR Financials Snapshot FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 (8 yr
Slide 11: Largest non-deposit taking HFC offering full suite of mortgage products
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality OVERVIEW OF BAJAJ HOUSING FINANCE Largest non-deposit taking HFC offering full suite of mortgage products… » Salaried Prime Home Loans » Commercial Lease Rental Discounting »
Slide 12: Omnichannel sourcing strategy
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality OVERVIEW OF BAJAJ HOUSING FINANCE Omnichannel sourcing strategy RETAIL COMMERCIAL HOME LOAN AGAINST LEASE RENTAL DEVELOPER LOAN PROPERTY DISCOUNTING FINANCE Developer ecosyste
Slide 13: Company's internal structure is aligned with customer segments
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality OVERVIEW OF BAJAJ HOUSING FINANCE Company’s internal structure is aligned with customer segments Bajaj Housing Finance Limited Retail Retail Commercial (Prime) (Non-Prime) (LR
Slide 14: Scalable IT architecture and digital initiatives
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality OVERVIEW OF BAJAJ HOUSING FINANCE Consistently enhancing customer experience through scalable IT architecture and digital initiatives Single Platform for Core Applications Sup
Slide 15: Strong risk management delivering healthy asset quality
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality OVERVIEW OF BAJAJ HOUSING FINANCE Strong risk management delivering healthy asset quality RETAIL COMMERCIAL » Underwriting through 5 centralized hubs » Dedicated underwriting
Slide 16: Strategic Differentiators
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality OVERVIEW OF BAJAJ HOUSING FINANCE Strategic Differentiators Focus on building scalable balance sheet through Prime SCALABLE BALANCE SHEET Housing and Lease Rental Discounting
Slide 17: Management Assessment of Key Financial Indicators for FY26
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality OVERVIEW OF BAJAJ HOUSING FINANCE Management Assessment of Key Financial Indicators for FY26 Key Indicators Medium Term FY26 Assessment for FY26 Assessment for the year is mod
Slide 18: Shareholding Profile
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality OVERVIEW OF BAJAJ HOUSING FINANCE Shareholding Profile Holding of Top-20 Investors S. No. Name of Shareholder Holding % 1 Bajaj Finance Limited 88.70 0.31% 2 Catamaran Venture
Slide 19: Quarterly Financial Snapshot
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality FINANCIAL PERFORMANCE Quarterly Financial Snapshot ₹ in Crore Financials Snapshot Q2 FY26 Q2 FY25 YoY H1 FY26 H1 FY25 YoY Assets under management 1,26,749 1,02,569 24% 1,26,74
Slide 20: Key Financial Trends
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality FINANCIAL PERFORMANCE Key Financial Trends ₹ in Crore ASSETS INCOME 120,420 126,749 2,755 108,314 114,684 2,449 2,509 2,618 97,071 102,569 2,209 2,410 141 81,215 85,929 91,370
Slide 21: Key Financial Trends
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality FINANCIAL PERFORMANCE Key Financial Trends PORTFOLIO YIELD, COF AND GROSS SPREAD MARGIN AND OPERATING EFFICIENCY 9.9% 9.9% 9.9% 9.8% 9.9% 9.8% 9.7% 9.5% 9.3% 27.1% 22.1% 23.2%
Slide 22: Diversified Borrowing Mix supported by highest possible domestic credit rating
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality TREASURY UPDATE Diversified Borrowing Mix supported by highest possible domestic credit rating Focus on Longer tenor Highest possible Diversified borrowing funding through AAA
Slide 23: Behaviouralized ALM position
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality TREASURY UPDATE Behaviouralized ALM position 5% 12% 9% 5% 4% (1%) (7%) (2%) 0% 0% (10%) (10%) (20%) 100% 100% 72% 72% 55% 56% 26% 28% 16% 16% 6% 6% 9% 8% 1% 1% 1% 4% 3% 1% 1-7
Slide 24: Key Sustainability Ratios
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality TREASURY UPDATE Key Sustainability Ratios 8 times# 6.5 6.7 6.4 6.0 5.4 5.5 5.0 5.1 5.2 28.98% 28.24% 27.86% 26.94% 26.12% 23.82% 28.46% 27.72% 22.64% 27.36% 26.43% 21.92% 21.2
Slide 25: Most Diversified HFC straddling across mortgage products
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality BUSINESS WISE UPDATE Most Diversified HFC straddling across mortgage products AUM Mix 1.7% 11.9% 1.4% 11.8% 1.3% 11.7% 19.6% 20.4% 21.5% 57.2% 55.8% 55.1% 9.8% 10.5% 10.3% SEP
Slide 26: Home Loans
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality BUSINESS WISE UPDATE Home Loans Offering spanning all home loan transaction spectrum: New AUM 69,845 Cr home purchase, resale, balance transfer and self-construction Micro mar
Slide 27: Loans Against Property
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality BUSINESS WISE UPDATE Loans Against Property AUM 12,985 Cr Sourcing from both intermediaries as well as direct-to- customer channels Covering all customer segments: Self-employ
Slide 28: Lease Rental Discounting
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality BUSINESS WISE UPDATE Lease Rental Discounting LRD offering across stabilized commercial assets including AUM 27,290 Cr office space, warehousing and industrial properties Dive
Slide 29: Developer Financing
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality BUSINESS WISE UPDATE Developer Financing Offering construction finance for residential as well as AUM 14,928 Cr commercial real estate Granular book across 842 projects Locati
Slide 30: Asset Quality Trends
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality ASSET QUALITY Asset Quality Trends 99.33% 99.31% 99.37% 99.35% 99.39% 99.34% 99.39% 99.36% 99.39% 0.43% 0.43% 0.36% 0.38% 0.32% 0.37% 0.32% 0.34% 0.34% 60.79% 60.67% 63.75% 59
Slide 31: Stagewise Provisioning
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality ASSET QUALITY Stagewise Provisioning ₹ in Crore Gross Assets Receivable ECL Provision PCR % Particulars Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3
Slide 32: Provisioning Coverage
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality ASSET QUALITY Provisioning Coverage ₹ in Crore GNPA % NNPA % AUM Particulars GNPA NNPA PCR (%) 30 Sep 25 30 Sep 24 30 Jun 25 30 Sep 25 30 Sep 24 30 Jun 25 30 Sep 25 Home Loans
Slide 33: Thank You
THANK YOU BAJAJ HOUSING FINANCE LIMITED 35 32
Slide 34: Disclaimer
Disclaimer This presentation has been prepared by and is the sole responsibility of Bajaj Housing Finance Limited (referred to as the “Company” or “Bajaj Housing Finance” ) solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any
Slide 35: Abbreviation
ANNEXURE Abbreviation Term Full Form Term Full Form Non-Banking Finance Company – Upper Layer as per “Scale NTI Net Total Income NBFC-UL Based Regulation” by the RBI NIM Net Interest Margin HFC Housing Finance Company ROA Return on Average Assets GNPA Gross Non-Performing Assets ROE Return on Averag
Slide 36: Behaviouralized ALM snapshot
ANNEXURE Behaviouralized ALM snapshot ₹ in Crore Particulars 1-7 D 8-14 D 15-30/31 D >1-2 M >2-3 M >3-6 M >6 M-1 Y >1-3 Y >3-5 Y >5 Y Total Cash & Investments 155 - 299 4 13 415 540 424 419 - 2,269 Advances 1,151 516 1,324 2,391 2,338 6,687 11,777 33,831 19,680 33,364 113,059 Other inflows - - 2,141
Slide 37: Medium-term Guidance on Key Financial Indicators
ANNEXURE Medium-term Guidance on Key Financial Indicators AUM Growth Opex to NTI 24-26% 14 – 15% GNPA Credit Cost 40 – 60 bps 20 – 25 bps PCR ROA 40 – 50% 2.0 – 2.2% Leverage ROE 7 – 8 times 13 – 15% BAJAJ HOUSING FINANCE LIMITED 36 36
Slide 38: Formulas
ANNEXURE Formulas Particulars Metrics Opex to NTI Ratio of operating expenses to net total income for relevant period Net Interest Margin (NIM) Ratio of total income reduced by finance cost to average loan assets for relevant period RoA Ratio of profit after tax to average loan assets for the releva
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