NSE BAJAJHFLCRISIL AAA, stableIndia Ratings AAA, stableCredit ratingA grade for how safely a company can repay what it borrows. AAA is the highest grade. A stable outlook means the agency does not expect to change it soon.It sets how cheaply the company can borrow, and so how cheaply it can lend.Housing finance companyMid-capMid-capAMFI ranks listed companies by market value twice a year: the 100 largest are large-cap, the next 150 mid-cap. Bajaj Housing Finance was large-cap from February 2025 and moved to mid-cap in the December 2025 review.Mutual funds sort the shares they may buy by this list, so the class shapes which funds can hold it.
A large housing lender from Pune that is growing faster than most rivals. It charges borrowers some of the lowest rates, which leaves it a thinner margin, and it has the fewest bad loans of the 17 HFCs that report them.
AUMAUMAll the loans it manages, as each lender reports it. That can include loans it has sold to other lenders but still collects.The usual way to measure how big a lender is. The typical HFC is the middle of the 19 that report this: half are above it, half below.Loan book₹1,14,684 CrLent ₹50,843 Cr of new loans in the year
AUM growth YoYAUM growth YoYHow much the loan book grew over the year.Fast growth wins customers, but the loans still have to be repaid. The typical HFC is the middle of the 18 that report this: half are above it, half below.Higher is betterLoan book growth26.0%The typical HFC grew 20.0%
7th fastest of 18Where it stands
Where it standsEach mark is one of the 19 HFCs that report AUM for the year, smallest on the left. Filled marks are the lenders it is bigger than; its own mark is dark. Point at a mark to see which HFC it is.Yield on loansYield on loansThe average interest rate it earned on its loans over the year.A low rate is good for borrowers but leaves the lender a thinner margin. The typical HFC is the middle of the 18 that report this: half are above it, half below.Rate it charges3rd lowest of 18
9.84%Borrows at 7.91%, keeps a gap of 1.93%GNPAGNPALoans more than 90 days overdue, or unlikely to be repaid in full, as a share of all loans.The clearest sign of how good its lending is. The typical HFC is the middle of the 17 that report this: half are above it, half below.Lower is betterBad loans, Gross Stage 3Lowest of 17
0.29%The typical HFC: 1.81%#2of 19 HFCs by loan book
Only one HFC is larger
Amounts in
Pre-provision profit and net profit
₹ crore, quarter by quarter in FY25
Pre-provision profitNet profit
0
200
400
600
800
1,000
Jun 2024Q1 FY25Sep 2024Q2 FY25Dec 2024Q3 FY25Mar 2025Q4 FY25
Income statement
Amounts in ₹ croreChart
Metric
Q1 FY25Verified
Q2 FY25Pending review
Q3 FY25Pending review
Q4 FY25Pending review
FY 2024-25Verified
Typical HFCFY 2024-25
Rank1 is best
Income
Interest income on loansInterest income on loansTotal interest income earned by the Housing Finance Company from its loan portfolio during the reporting period, including income from housing and non-housing loans.
2,020
2,227
2,322
2,374
8,802
1,464
2nd largest of 18
Interest income on investmentsInterest income on investmentsInterest income earned by the Housing Finance Company from investments such as government securities, corporate bonds, mutual funds, and other financial instruments during the reporting period.
40.4
n/a
n/a
n/a
184.4
48.8
4th largest of 18
Total interest incomeTotal interest incomeAggregate interest income earned by the Housing Finance Company from both its loan portfolio and investment activities during the reporting period.
2,064
2,227
2,322
2,374
8,986
1,354
2nd largest of 19
Fees and other incomeFees and other incomeNon-interest income earned by the Housing Finance Company during the reporting period, including processing fees, prepayment charges, service charges, commission income, and other miscellaneous operating income.Higher is better
144.6
183.3
127.0
134.3
589.8
220.0
#4 of 19
Total incomeTotal incomeInterest earned plus fees and other income, before the interest the company pays on its borrowings: the total income in its statement of profit and loss.
2,208
2,410
2,449
2,508! (see the note under the table)
9,576
1,685
3rd largest of 19
Expenses
Interest expenseInterest expenseTotal interest cost incurred by the Housing Finance Company on borrowings, including bank loans, NCDs, commercial papers, NHB refinance, and other debt during the reporting period.
1,399
1,514
1,516
1,551
5,979
715
2nd largest of 19
Employee costsEmployee costsTotal personnel expenses incurred by the Housing Finance Company during the reporting period, including salaries, bonuses, incentives, staff welfare, training expenses, and employee-related benefits.
113.4
118.6
118.6
133.0
483.6
194.4
4th largest of 19
Other operating expensesOther operating expensesNon-employee operating expenses incurred by the Housing Finance Company during the reporting period, including administrative costs, rent, IT expenses, legal and professional fees, marketing expenses, travel, utilities,
56.6
65.4
65.9
74.8
262.8
99.2
5th largest of 19
Operating expensesOperating expensesAggregate operating costs incurred by the Housing Finance Company during the reporting period, comprising employee costs and other operating expenses required to run the business.
170.1
184.0
184.6
207.8
746.4
295.5
5th largest of 19
Credit costCredit costTotal provisions and impairment charges made by the Housing Finance Company against expected credit losses, bad loans, and potential defaults during the reporting period, reflecting the cost of credit risk in the loan po
10.04
4.98
35.47
29.59
80.08
26.43
4th largest of 19
Profit
Net interest incomeNet interest incomeDifference between total interest income and total interest expense of the Housing Finance Company, representing core earnings from lending activities before operating costs and provisions.Higher is better
665
713
806
823
3,007
758
#3 of 18
Pre-provision profitPre-provision profitNet interest income plus fees and other income, less operating expenses: profit before credit costs and tax. Worked out from filed figures.Higher is better
639
713
748
749
2,850
558
#3 of 18
Profit before taxProfit before taxEarnings of the Housing Finance Company after operating expenses and credit provisions but before income tax, reflecting pre-tax profitability from core operations.Higher is better
630
708
713
720
2,770
489
#3 of 19
TaxTaxTotal income tax payable by the Housing Finance Company for the reporting period, including current tax and deferred tax adjustments.
147.3
162.0
165.0
133.1
607.3
96.0
2nd largest of 19
Net profitNet profitNet profit earned by the Housing Finance Company after accounting for all expenses, provisions, interest, and taxes for the reporting period, representing final profitability available to shareholders.Higher is better
483
546
548
587
2,163
378
#3 of 19
- !Total income, Q4 FY25: Read by Lenderboard from its Q4 FY25 results (board meeting outcome of 23 April 2025), page 6, statement of profit and loss, "Total Income"; the figure in our data was wrong.
Ranks put the best first; where neither is better, the highest.The notes above say which.