Bajaj Housing Finance Share Price: Q2 FY27 Results

Bajaj Housing Finance Share Price: Q2 FY27 Results, Profit, AUM and Margins Explained

Bajaj Housing Finance reported a standalone net profit of ₹756.97 crore for the September 2026 quarter (Q2 FY27), up 17.7% from ₹642.96 crore a year earlier, while assets under management (AUM) grew 25% to ₹1,58,205 crore, Free Press Journal reported. The Bajaj Housing Finance share price closed at ₹83.36 on NSE on October 16, down 0.5%.

The loan book is growing fast. But net interest income grew far slower than the book, and that gap is the most important thing to understand in this quarter's numbers.

Key Takeaways

• Net profit: ₹757 crore, +17.7% YoY.
• AUM: ₹1,58,205 crore, +25% YoY.
• Net interest income (NII): ₹1,055 crore, +10% YoY.
• Gross NPA: 0.29% (from 0.26%); net NPA steady at 0.12%.
• GoPocket analysis: annualised NII as a share of AUM fell to about 2.67% from about 3.02% a year ago, a sign of margin pressure.
• Shares closed at ₹83.36, about 26% below the 52-week high of ₹112.40.

What Did Bajaj Housing Finance Report for Q2 FY27?

Sources: Free Press Journal and The Economic Times (via inkl), October 16, 2026. Standalone figures.

Why Did NII Grow Only 10% When AUM Grew 25%?

Net interest income, the difference between interest earned on loans and interest paid on borrowings, grew 10% while the loan book grew 25%. In simple terms, the company is earning a thinner spread on each rupee it lends. For a housing finance company that relies mainly on borrowed money rather than deposits, funding costs drive this spread.

Profit still grew 17.7% because other lines helped. Net total income, which includes fees and other income, rose 15%. Operating efficiency improved, with costs at 19.1% of net total income versus 19.7%. And credit costs fell to ₹35 crore from ₹43 crore.

GoPocket Analysis: A Simple Margin Check

We can approximate the margin trend using reported numbers. This is a rough proxy, not the company's official net interest margin, because it uses period-end AUM rather than average assets.

• Q2 FY27: ₹1,055 crore × 4 = ₹4,220 crore annualised NII. Divided by ₹1,58,205 crore AUM = about 2.67%.
• Q2 FY26: ₹956 crore × 4 = ₹3,824 crore. Divided by ₹1,26,749 crore = about 3.02%.

That's a decline of roughly 35 basis points in a year. The same method applied to profit gives an annualised return on AUM of about 1.91% (₹757 crore × 4 ÷ ₹1,58,205 crore), down from about 2.03% a year earlier. Put simply, the company is growing bigger faster than it is growing more profitable per rupee lent.

Rising interest rates matter here. The RBI raised the repo rate in 2026, which tends to push up borrowing costs for lenders. Our article on home loan rates after the repo rate hike explains how this flows through to borrowers.

Is Asset Quality Still Strong?

Yes. Asset quality remains among the cleanest in the housing finance sector. Gross NPA edged up to 0.29% from 0.26%, while net NPA stayed at 0.12%. Provision coverage on stage 3 assets was 60%, and capital adequacy stood at 21.24%, well above regulatory minimums, according to the Economic Times report. A 3-basis-point rise is small, but worth tracking given how fast the book is growing; rapid growth can hide stress until loans season.

How Has the Bajaj Housing Finance Share Price Performed?

The stock closed at ₹83.36 on October 16, 2026. NSE data shows a 52-week high of ₹112.40 on October 30, 2025, and a 52-week low of ₹72.65 on March 30, 2026. The stock is about 26% below the high and about 15% above the low.

GoPocket calculation using the October 16, 2026 close of ₹83.36. The listing price was reported by Business Standard as a 114% premium to the issue price.

Investors who bought at listing are still sitting on losses, while IPO allottees remain ahead. That split helps explain why sentiment on this stock has been mixed.

Could Promoter Stake Sales Weigh on the Stock?

Possibly. In December 2025, promoter Bajaj Finance sold about 2% of Bajaj Housing Finance through the open market to help meet minimum public shareholding norms, cutting its stake to 86.71% from 88.70%, Business Standard reported. The stock fell over 7% that day. Listed companies in India must eventually have at least 25% public shareholding, so further promoter selling is a possibility investors should keep in mind. Any future sale would be announced through exchange filings.

How Does It Compare With Other Housing Finance Stocks?

Investors can compare Bajaj Housing Finance with LIC Housing Finance, PNB Housing Finance, Can Fin Homes, Aavas Financiers and Aadhar Housing Finance on GoPocket. Parent Bajaj Finance reports its own results later in the season.

What Are the Key Risks?

• Margin compression: NII growth is lagging AUM growth.
• Funding costs: A rising-rate environment can raise borrowing costs further.
• Promoter supply: More stake sales to meet public shareholding rules could pressure the price.
• Growth seasoning: Fast loan growth can mask future asset-quality stress.
• Valuation: The stock has historically traded at a premium to peers.

What Should Investors Watch Next?

• Whether NII growth catches up with AUM growth in Q3 FY27.
• Gross NPA trend above or below 0.3%.
• Any promoter stake-sale announcement.
• Borrowing costs as RBI policy evolves.

Sources

• Free Press Journal, Bajaj Housing Finance Q2 FY27 Results: Net Profit Rises 18% To ₹757 Crore, October 16, 2026
• The Economic Times via inkl, Bajaj Housing Finance Q2 Results: PAT rises 18% YoY to Rs 757 crore, AUM grows 25%, October 2026
• Business Standard, Bajaj Housing drops after block deal, December 2, 2025
• Business Standard, Why Bajaj Housing Finance shares fell 6% on October 14, October 14, 2024
• NSE bhavcopy data for BAJAJHFL, October 16, 2026

Disclaimer: This article is for information and educational purposes only. It is not a recommendation to buy, sell or hold any security. Margin figures marked as GoPocket analysis are approximations, not company-reported ratios. Consult a SEBI-registered investment adviser before investing.