Bajaj Housing Finance

Bajaj Housing Finance reported a steady Q4 FY26 with AUM crossing INR 1.4 lakh croreCurrent INR 1.4 lakh crore. Reported change: +23% YoY., growing 23% YoY. PAT grew 14Current reported value: 14. No comparable prior figure is available in the source record.% to INR 669Current reported value: 669. No comparable prior figure is available in the source record. crore (20% normalized), impacted by a one-time tax benefit in the base. Asset quality remained healthy with GNPA stable at 27 bpsCurrent 27 bps. Reported change: -2 bps YoY. and net NPA at 11 bps. Net interest margin compressed 12 bps sequentially to 3.8% due to lower acquisition pricing and portfolio mix shift. Management guided for FY27 ROA towards the upper end of the 2%-2.2% medium-term range, assuming no policy rate change. Key risks include elevated money market rates compressing spreads further and competitive intensity from banks driving higher BT-out rates. The company expects OpEx efficiency and lower credit costs to partially offset margin compression.