Bajaj Housing Finance Limited has uploaded the transcript of its Q3 FY2026 earnings conference call, held on February 2, 2026. The transcript is available on the company's website and the stock exchanges. During the call, the management reported a strong quarter with Assets Under Management (AUM) reaching ₹1.33 lakh crore, a 23% year-on-year growth. Profit After Tax (PAT) grew by 21%, with an annualized Return on Assets (ROA) of 2.3% and Return on Equity (ROE) of 12.3%. The company maintained healthy asset quality with Gross Non-Performing Assets (GNPA) at 27 basis points (bps) and Net Non-Performing Assets (NNPA) at 11 bps. Operating efficiency improved, with the Operating Expense (OPEX) to Net Total Income (NTI) ratio at 19%, excluding a one-time gratuity provision of ₹13.1 crore. The Capital Adequacy Ratio (CAR) stood at a comfortable 23.15%. Disbursements saw a significant 32% year-on-year increase to ₹16,545 crores. Cost of funds improved by 50 bps year-on-year to 7.3%. The company also provided an update on its Sambhav Loans SBU, targeting ₹600 crore in monthly disbursements within the next 12-15 months, focusing on near-prime and affordable housing segments. Management discussed competitive intensity, primarily in the prime and super-prime segments, and clarified changes in capital provisioning for under-construction home loans and developer loans due to updated RBI guidelines. They also provided insights into their strategy for the near-prime and affordable housing segments, aiming for significant growth over the next 2-3 years.
