Bajaj Housing Finance Ltd. (BHFL) is slated to announce its financial results for the March quarter on Monday. The announcement is anticipated after market hours, coinciding with a conference call scheduled for 6 PM IST, where Managing Director Atul Jain and Chief Financial Officer Gaurav Kalani are expected to address queries regarding the company's Q4 performance.
Pre-Results Operational Highlights
Ahead of its quarterly earnings release, BHFL provided key operational figures. The company reported gross disbursements of approximately Rs 17,530 crore for the quarter, a significant increase from Rs 14,254 crore in the corresponding year-ago period. Assets Under Management (AUM) demonstrated robust growth, expanding by 23% year-over-year to reach Rs 1,40,700 crore, up from Rs 1,14,684 crore. Loan Assets (AR) also saw a rise, standing at roughly Rs 1,23,740 crore compared to Rs 99,513 crore previously.
Bajaj Finance Ltd., the promoter of BHFL, held an 86.70% stake in the housing finance company as of the December 2025 quarter. Leading up to the results, Bajaj Housing Finance Ltd. shares were trading 1.99% higher on the NSE, at Rs 91.17.
Analyst Expectations and Key Monitorables
Brokerage firms have offered varied but generally positive outlooks for BHFL's Q4 performance. Kotak Institutional Equities projects an 18.9% year-over-year rise in net profit, estimating it at Rs 697.40 crore, up from Rs 586.70 crore. They foresee a 20.1% YoY increase in Net Interest Income (NII) to Rs 987.80 crore and Pre-Provision Profit (PPoP) at Rs 918.40 crore, a 22.6% increase. Kotak also anticipates operating expense growth to rise to 14% YoY, translating to a cost-to-AAUM ratio of 0.69%.
ICICI Securities estimates a Profit After Tax (PAT) of Rs 666.70 crore for BHFL, marking a 14% YoY increase. Their projections include NII at Rs 1,001.80 crore (up 22% YoY) and PPoP rising 23% YoY to Rs 923.30 crore. ICICI Securities expects the Net Interest Margin (NIM) to be around 2.9%, a slight decrease of 3 basis points YoY, with a credit cost of 0.2% and a Return on Asset (RoA) of 2.2%.
MOFSL (Motilal Oswal Financial Services Ltd.) forecasts a Q4 profit of Rs 694.80 crore for Bajaj Housing, an 18.4% increase. They project NII at Rs 992.30 crore, up 20.6%. MOFSL highlighted that commentaries on the NIM trajectory and loan growth will be the key monitorables for investors and analysts during the earnings call.