Bajaj Housing Finance Ltd on Monday reported a 21% jump in net profit year-on-year to ₹665 crore for Q3 FY26, fueled by strong loan growth and an increase in net interest income. Net interest income (NII) grew by 19% to reach ₹963 crore, and total income climbed 24% to ₹Rs 1,153 crore.
During the quarter ended December, operating expenses increased by 9%, reaching ₹139 crores. The company noted that this amount included a one-time effect of ₹13.14 crore associated with a rise in gratuity liability following a government announcement on January 21, 2025.
The quality of assets remained consistent, with gross NPAs recorded at 0.27% and net NPAs at 0.11% as of the end of December, compared to 0.29% and 0.13%, respectively, from the previous year.
The provisioning coverage ratio for stage 3 assets was approximately 59%. The capital adequacy ratio, which includes Tier-II capital, continued to be robust at 23.15% at the quarter’s conclusion.
