Bajaj Housing Finance Ltd. · NSE:BAJAJHFL
Bajaj Housing Finance — Q3 FY26 Earnings Presentation
39 slides from Bajaj Housing Finance's earnings presentation, Feb 2, 2026
Slide 1: Exchange filing cover letter for investor presentation
2 February 2026 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 Q3 FY26
INVESTOR PRESENTATION Q3 FY26 02 Feb 2026
Slide 3: Table of Contents
Table of Contents Executive Summary 1 Executive Summary Overview of Bajaj Housing Finance 2 Overview of Bajaj Housing Finance Financial Performance 3 Financial Performance Treasury Update 4 Treasury Update Business Wise Update 5 Business Wise Update Asset Quality 6 Asset Quality 2 Click on the respe
Slide 4: Quarterly Synopsis
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality EXECUTIVE SUMMARY Quarterly Synopsis Good quarter with AUM growth of 23% driven by good momentum in disbursements amidst higher portfolio attrition. Profit after tax (PAT) gre
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 HIGHLIGHTS BUSINESS METRICS ✓ AUM for the Q3 FY26 grew ₹ 6,664 Cr; ↑ 23% AUM compared to ₹ 5,745 Cr for Q3 FY25 (₹ 6,329 Home
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 HIGHLIGHTS COST OF FUNDS & LIQUIDITY ✓ COF moderated by 5 bps on sequential basis resulting from policy rate transmission on e
Slide 7: Quarterly Financial Indicators: Asset Quality and Profitability
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality EXECUTIVE SUMMARY Quarterly Financial Indicators HIGHLIGHTS ASSET QUALITY ₹ 56 Cr | Q3 FY26 0.27% 0.26% | Q2 FY26 ✓ Normalized credit cost for Q3 FY25 was 0.20%, LOAN LOSSES G
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 Finserv Limited (Listed) 51.32%1 75.01%2 75.01%2 100% 100% 100%3 100%4 Bajaj Finserv Bajaj Alternate Bajaj Finance
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: Internal structure 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 3 Business Verticals Retail Retail Commercial (Near Prime and (Prime) (LRD and
Slide 12: 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 » Commercial Lease Rental » Salaried Prime Home Loans Discounting » S
Slide 13: 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 14: 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 centralized hubs » Dedicated underwriting st
Slide 15: Seamless Customer Journey through Digital Initiatives
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality OVERVIEW OF BAJAJ HOUSING FINANCE Seamless Customer Journey from Origination → Service through Digital Initiatives Customer Onboarding Digital Sales Partner Auto CAM Journey P
Slide 16: Scalable IT architecture
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality OVERVIEW OF BAJAJ HOUSING FINANCE Scalable IT architecture – Tech Enabler for enhancing customer experience Single Platform for Core Applications Support Systems 100% Cloud Le
Slide 17: 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 with Prime SCALABLE BALANCE SHEET Housing and Lease Rental Discounting as
Slide 18: 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 19: 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 86.70 0.35% 2 Catamaran Venture
Slide 20: 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 Q3 FY26 Q3 FY25 YoY 9M FY26 9M FY25 YoY Assets under management 133,412 108,314 23% 133,412 1
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 ₹ in Crore ASSETS INCOME 120,420 126,749 133,412 2,887 108,314 114,684 2,509 2,618 2,755 97,071 102,569 2,209 2,410 2,449 190 85,929
Slide 22: Key Financial Trends: Yield, Spread, Margin and Returns
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% 9.8% 9.9% 9.8% 9.7% 9.5% 9.3% 27.1% 9.1% 23.2% 21.7%
Slide 23: Diversified Borrowing Mix supported by highest 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 funding through Diversified borrowing AAA
Slide 24: Behaviouralized ALM position
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality TREASURY UPDATE Behaviouralized ALM position 10% 10% 5% 6% 1% (5%) (2%) (1%) 1% 0% (10%) (10%) (20%) 100% 100% 74% 73% 57% 57% 27% 28% 17% 18% 12% 11% 8% 7% 2% 2% 5% 4% 1% 1%
Slide 25: 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# 6.7 6.4 6.0 5.4 5.5 5.5 5.0 5.1 5.2 28.98% 28.24% 27.86% 26.94% 26.12% 23.82% 28.46% 27.72% 23.15% 21.92% 27.36% 26.43% 21.2
Slide 26: 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 1.6% 1.3% 1.3% 11.8% 11.6% 12.2% 21.5% 21.9% 19.4% 56.8% 55.1% 54.5% 10.0% 10.3% 10.7% DE
Slide 27: 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 72,769 Cr home purchase, resale, balance transfer and self-construction Micro mar
Slide 28: Sambhav Housing: Expanding Customer Segment & Yield
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality BUSINESS WISE UPDATE Sambhav Housing (Near-prime and Affordable) : Expanding Customer Segment & Yield NEAR-PRIME AFFORDABLE 40-60 Lakh 9-11% 15-35 Lakh 11-13% Target ATS and Y
Slide 29: 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 14,231 Cr Sourcing from both intermediaries as well as direct-to- customer channels Covering all customer segments: Self-employ
Slide 30: 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 29,177 Cr office space, warehousing and industrial properties Dive
Slide 31: Developer Finance
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality BUSINESS WISE UPDATE Developer Finance Offering construction finance for residential as well as AUM 15,536 Cr commercial real estate Granular book across 851 projects Location
Slide 32: Asset Quality Trends
Executive Overview of Bajaj Financial Treasury Business Wise Asset Summary Housing Finance Performance Update Update Quality ASSET QUALITY Asset Quality Trends 99.31% 99.37% 99.35% 99.39% 99.34% 99.39% 99.36% 99.39% 99.36% 0.43% 0.36% 0.38% 0.32% 0.37% 0.32% 0.34% 0.34% 0.37% 60.67% 63.75% 59.37% 57
Slide 33: 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 34: 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 (%) 31 Dec 25 31 Dec 24 30 Sep 25 31 Dec 25 31 Dec 24 30 Sep 25 31 Dec 25 Home Loans
Slide 35: Thank You
THANK YOU 35 34
Slide 36: 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 37: 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 1 5 473 2 13 295 916 571 459 - 2,735 Advances 1,284 459 1,403 2,477 2,469 6,952 12,397 36,032 20,779 33,053 117,305 Other inflows 409 742 2,4
Slide 38: Abbreviation
ANNEXURE Abbreviation Term Full Form Term Full Form Non-Banking Finance Company – Upper Layer as per “Scale NBFC-UL ROA Return on Average Assets Based Regulation” by the RBI HFC Housing Finance Company ROE Return on Average Equity GNPA Gross Non-Performing Assets CRAR Capital Adequacy Ratio NNPA Net
Slide 39: 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
Bajaj Housing Finance — Q3 FY26 Earnings Presentation on 6ix