Bajaj Housing Finance Q1 FY27: Profit up 23%, income rises

Key takeaway from the June-quarter update

Bajaj Housing Finance Limited reported a higher standalone profit for the first quarter of FY27, alongside an increase in income and steady expansion in its lending book. The company posted profit after tax (PAT) of ₹715.28 crore for the quarter ended 30 June 2026. This was up 23% from ₹583.30 crore in the corresponding quarter last year. Total income also increased year-on-year, reflecting higher interest income and growth in the company’s loan portfolio. Separately, the company’s business update for the same quarter pointed to stronger disbursements and a larger assets under management (AUM) base. The update was accompanied by a positive reaction in the stock in early trade.

Profit rises on higher income

The company’s standalone PAT for Q1 FY27 came in at ₹715.28 crore, compared with ₹583.30 crore in Q1 FY26. Another data point cited in the same set of updates pegged the increase at about 22.6% year-on-year to around ₹715 crore from around ₹583 crore. The quarter’s total income stood at ₹3,063.05 crore, versus ₹2,615.57 crore a year earlier. Revenue from operations was ₹3,063.02 crore, up from ₹2,612.83 crore in the year-ago quarter. The broad picture from the numbers is that income growth outpaced the previous year’s base despite a higher expense line.

Income and cost lines: what moved in Q1 FY27

On the income side, interest income for Q1 FY27 rose to ₹2,856.07 crore, compared with ₹2,492.59 crore in Q1 FY26. This increase aligns with the company’s reported expansion in lending activity and AUM during the quarter. On the cost side, total expenses for the June 2026 quarter were ₹2,134.31 crore, up from ₹1,858.63 crore in Q1 FY26. The company did not provide a detailed break-up in the provided update, but the headline expense growth is visible from the reported totals. With income and expenses both higher, the net result was a higher quarterly profit.

EPS improves year-on-year

Bajaj Housing Finance reported earnings per share (basic and diluted) of ₹0.86 for Q1 FY27. This compared with ₹0.70 in the year-ago quarter. For equity investors, EPS is a quick indicator of how net profit translates on a per-share basis. The reported improvement mirrors the year-on-year rise in PAT. The company’s Q1 performance, as presented, shows a combination of higher operating income and improved bottom-line delivery.

Business update: disbursements and loan book expand

Alongside the results, Bajaj Housing Finance disclosed a business update for the June quarter that highlighted stronger disbursement momentum. Gross disbursements rose about 33% year-on-year to approximately ₹19,500 crore in Q1 FY27. This compared with ₹14,651 crore in Q1 FY26, and was also higher than ₹17,506 crore recorded in the March quarter (Q4 FY26). The company’s AUM grew 24% year-on-year to approximately ₹1,49,610 crore as of 30 June 2026, compared with ₹1,20,420 crore as of 30 June 2025. It also reported that AUM increased by approximately ₹8,904 crore sequentially during the quarter.

AUM and loan assets: where the balance sheet stands

The business update also showed higher loan assets. Loan assets (AR) stood at approximately ₹1,31,150 crore at the end of the quarter, up from ₹1,05,954 crore a year earlier. These figures indicate that the company expanded its lending base over the past year. The update noted that the figures for 30 June 2026 are provisional and subject to review by the statutory auditors. For investors tracking operating momentum, this provisional tag is important because it signals that the numbers are not yet final. Even so, the company’s disclosed metrics point to continued scaling in its core housing finance book.

Stock reaction and valuation snapshot

Bajaj Housing Finance shares rose in early trade after the company’s business update for Q1 FY27. The stock surged as much as 6% in early trade on Friday following the update, according to the provided market snapshot. As of 9:50 AM, the stock was up 4.2% at ₹92.37 and was described as outperforming the broader market at that point. The update also cited a market cap of ₹72,641 crore and a price-to-earnings (P/E) multiple of 28.3. These datapoints provide context on how the market is currently pricing the company relative to reported earnings.

Context from the March-quarter results

The provided information also referenced the company’s March-quarter results (reported on Monday, April 27). In that quarter, net profit rose 14.1% year-on-year to ₹669.2 crore from ₹587 crore. Revenue for the quarter grew 15.9% to ₹2,902.6 crore, compared with ₹2,504.1 crore a year ago. AUM in that period was reported at around ₹1.4 lakh crore versus ₹1.14 lakh crore a year ago, with a sequential increase of nearly ₹7,300 crore. Loan assets were stated at ₹1.23 lakh crore, compared with ₹99,513 crore in the year-ago period.

Key numbers at a glance

The following table consolidates the most widely cited Q1 FY27 numbers in the update, alongside the comparable Q1 FY26 base where provided.

Why this update matters for investors

The Q1 FY27 disclosures combine financial results and operating metrics that point in the same direction: higher income, higher profit, and continued balance-sheet expansion. The rise in interest income to ₹2,856.07 crore is consistent with the larger AUM base of about ₹1,49,610 crore. The increase in total expenses to ₹2,134.31 crore shows that growth is coming with higher costs, which investors typically track alongside margin and profitability trends over multiple quarters. The disbursement number of about ₹19,500 crore is a key operating indicator because it reflects current demand and the company’s ability to originate loans. Investors may also weigh the note that the business-update figures are provisional and subject to statutory audit review.

What to watch next

The company’s update describes a strong start to FY27 in terms of profit and operational momentum, supported by higher disbursements and an expanding loan base. Market participants will likely track subsequent filings for any changes arising from statutory auditor review of the provisional operating numbers. They will also watch whether the pace of AUM growth and disbursement levels seen in Q1 FY27 sustain through the rest of the fiscal year. For now, the June-quarter results and business update provide a clear snapshot of the company’s year-on-year growth trajectory across profit, income, and core lending metrics.