Bajaj Housing Finance Q1 FY26 Results: Disbursements Up 22%, AUM Grows 24%

Introduction

Bajaj Housing Finance Ltd. reported another quarter of strong growth in Q1 FY26, with gross disbursements rising 22 % and Assets Under Management expanding 24 % year-on-year. This analysis covers key metrics, peer comparisons, industry drivers and the company’s growth outlook — essential insights for investors.

Q1 FY26 Key Metrics

🟢 Gross Disbursements: ₹ 14,640 cr vs. ₹ 12,004 cr (+22 %)

🟢 Assets Under Management (AUM): ₹ 1,20,400 cr vs. ₹ 97,071 cr (+24 %)

🟢 Loan Assets (AR): ₹ 1,05,940 cr vs. ₹ 85,283 cr (+24 %)

Peer Group AUM Comparison

Compare Bajaj HFL against industry peers as of 30 June 2025:

• Bajaj Housing Finance Ltd. — ₹ 1,20,400 cr (+24 %)

• Bajaj Finance Ltd. — ₹ 4,41,400 cr (+25 %)

• PNB Housing Finance Ltd. — ~₹ 70,000 cr (+15 %)

• LIC Housing Finance Ltd. — ~₹ 1,10,000 cr (+18 %)

Industry Outlook

• Housing finance market projected to grow ~15–16 % CAGR to ₹ 80 trn by FY30

• Affordable housing segment set to expand ~22–23 % CAGR over FY25–26

• Overall HFC loan book growth expected ~13.5 % in FY26

Growth Drivers

• Robust home loan demand in metros and Tier II/III cities

• Government subsidies (PMAY) and GST benefits on under-construction properties

• Competitive lending rates and digital distribution channels

Future Prospects

Management targets ₹ 55,000 cr in annual disbursements and ₹ 1.5 lakh cr AUM by end-FY26. Continued focus on retail home loans, premium housing finance and secured non-home loans should drive margin expansion and maintain asset quality.