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.
Financial stats pending filing verification
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PSU banks are aggressively pricing home loans, leading to elevated attrition (21-22%) and yield compression. Management acknowledged this as a cyclical feature but expects it to persist.
high · management_commentaryAnalyst questioned whether NIM decline could be sharper than guided 15-20bps. Management did not rule out further compression if competitive pressures intensify or rate cuts accelerate.
medium · analyst_questionAs the company scales affordable housing and non-prime segments, credit costs could rise from current low levels. Management guided for normalized credit cost of 20-25bps, but actuals may vary.
medium · data_observationManagement reduced assignment activity due to excess capital, leading to lower fee income. Future assignment levels depend on PBC requirements and ALM needs, creating income uncertainty.
low · management_commentary