Bajaj Housing Finance Limited — Q2 FY26
Bajaj Housing Finance reported a stable Q2 FY26 with AUM growth of 24% YoY to INR 1,26,749 crore and PAT growth of 18% YoY to INR 643 crore.
neutral
medium
Financial stats pending filing verification
Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.
Q1 FY26
FY26 AUM growth guidance revised to 21-23%
Management expects AUM growth of 21-23% for FY26, down from medium-term guidance of 24-26%, due to heightened competition and higher attrition.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q1 FY26
NII expected stable in FY26
Net interest income is expected to remain stable and in line with FY25, supported by cost of fund reductions and product mix shifts.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q1 FY26
NIM/NTI to moderate by 15-20 bps in FY26
Net interest margin (as NTI/Assets) is expected to moderate by 15-20 bps due to lower investment income and lower assignment income.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q1 FY26
ROA expected range-bound at 2.0-2.2% for FY26
Return on assets is expected to remain in the 2.0-2.2% range, in line with medium-term guidance, with ROE moderating to 11-12% due to excess capital.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1