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CORPORATE PRESENTATION
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2 2 Industry Landscape Industry Landscape Table of Contents Company Overview Company Overview Year Gone By Year Gone By Strategic Priorities Strategic Priorities 1 2 3 4
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3 3 Home Loans industry witnessed 12.9% CAGR from FY20 to FY26 which is expected to grow in the range of 14-16% till FY28 Note: P - projected, Source: CRIF Highmark, Crisil Intelligence, Company Estimates 21.4 23.6 27.0 31.9 35.9 40.6 44.4 60.0-63.0 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY28P 12.9% CAGR 14-16% CAGR (₹ in Tn)
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4 4 Home Loans industry witnessed 12.9% CAGR from FY20 to FY26 which is expected to grow in the range of 14-16% till FY28 Note: P - projected, Source: CRIF Highmark, Crisil Intelligence, Company Estimates 21.4 23.6 27.0 31.9 35.9 40.6 44.4 60.0-63.0 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY28P 12.9% CAGR 14-16% CAGR (₹ in Tn) • Housing finance sector remained resilient owing to the Government impetus of “Housing for All”, rising per capita income, demand for larger homes post Covid. • Home loans portfolio grew at 12.9% CAGR over FY20-26 from 21.4 Lakh Cr. to 44.4 Lakh Cr. • Sector is expected to continue growing at 14-16% CAGR till FY28 with portfolio size of ~60-63 Lakh Cr.
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5 5 39.4% 39.1% 38.5% 38.2% 38.4% 39.0% 34.3% 35.0% 36.4% 35.9% 36.4% 34.8% 21.3% 20.3% 19.4% 19.7% 18.4% 18.3% 1.5% 1.8% 1.9% 2.1% 2.4% 3.2% 3.5% 3.7% 3.8% 4.0% 4.5% 4.8% FY20 FY21 FY22 FY23 FY24 FY25 Note: Others includes other financial institutions, Small Finance Banks and foreign banks. Source: CRIF Highmark, Crisil Inte lli gence . *HFC share adjusted for HDFC merger Lender wise home loan market share remained skewed towards banks with moderation in HFC share from FY21-FY25 BHFL Market Share 1.0% 1.1% 1.3% 1.3% 1.5% 1.6% Public Sector Banks Private Sector Banks HFCs* NBFCs Others CAGR (FY23- FY25) CAGR (FY20- FY25) 22.8% 23.8% 22.8% 21.1% 38.3% 32.7% 8.8% 10.3% 11.1% 13.5% 14.1% 14.0%
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6 6 39.4% 39.1% 38.5% 38.2% 38.4% 39.0% 34.3% 35.0% 36.4% 35.9% 36.4% 34.8% 21.3% 20.3% 19.4% 19.7% 18.4% 18.3% 1.5% 1.8% 1.9% 2.1% 2.4% 3.2% 3.5% 3.7% 3.8% 4.0% 4.5% 4.8% FY20 FY21 FY22 FY23 FY24 FY25 Note: Others includes other financial institutions, Small Finance Banks and foreign banks. Source: CRIF Highmark, Crisil Inte lli gence . *HFC share adjusted for HDFC merger Lender wise home loan market share remained skewed towards banks with moderation in HFC share from FY21-FY25 BHFL Market Share 1.0% 1.1% 1.3% 1.3% 1.5% 1.6% Public Sector Banks Private Sector Banks HFCs* NBFCs Others CAGR (FY23- FY25) CAGR (FY20- FY25) 22.8% 23.8% 22.8% 21.1% 38.3% 32.7% 8.8% 10.3% 11.1% 13.5% 14.1% 14.0% • Home loans market share continues to remain dominated by banks having share of ~78%. • While HFCs share moderated during the same period from 21.3% in FY20 to 18.3% in FY25, BHFL continued to expand its share from 1.0% to 1.6% (1.7% for FY26). Within overall NBFCs/ HFCs portfolio, BHFL has ~8.5% market share for FY26. • During FY23-25, public sector banks grew by 14.1% CAGR, private sector banks by 11.1% CAGR and HFCs portfolio grew by 8.8% CAGR. Comparatively, BHFL grew 22.8% CAGR during the same period.
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7 7 Table of Contents Industry Landscape Industry Landscape Year Gone By Year Gone By Strategic Priorities Strategic Priorities 1 2 3 4 Company Overview Company Overview
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8 8 Consistent AUM growth trajectory over 9 years of operational journey 3,570 17,562 32,705 38,871 53,322 69,228 91,370 114,684 140,706 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Since inception FY21- FY26 AUM: 58% CAGR AUM: 29% CAGR (₹ in Cr) 10 110 421 453 710 1,258 1,731 2,163 2,560 PAT: 100% CAGR PAT: 41% CAGR 74.6% 63.1% 32.9% 27.7% 29.2% 25.7% 24.0% 20.8% 19.7% 0.6% 1.1% 1.9% 1.5% 1.8% 2.3% 2.4% 2.4% 2.3% Improved Opex to NTI from 74.6% to 19.7% Lowest GNPA amongst large players in industry Healthy ROA Capital infusion of 1,500 Cr Crossed 25,000 Cr AUM milestone Crossed 50,000 Cr AUM milestone IPO and Capital infusion of 5,560 Cr Crossed 1,00,000 Cr AUM milestone 0.00% 0.05% 0.08% 0.35% 0.31% 0.22% 0.27% 0.29% 0.27% 3.0 times 5.3 times 5.6 times 6.3 times 7.2 times 6.2 times 6.7 times 5.1 times 5.6 times Comfortable leverage Capital infusion of 1,200 Cr Capital infusion of 2,000 Cr Capital infusion of 2,500 Cr
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9 9 Scalable Balance Sheet Deliver Reasonable Return Full Mortgage Product Suite Low Risk Business Model Diversified Borrowing Mix Strategic construct for building sustainable business model CONSTRUCT Our ambition is to become a large mortgage player hence scale is first strategic pillar for the Company. Segments of mortgages i.e., Prime home loans and Lease Rental Discounting are anchor products for delivering scale for the Company. ✓ AUM growth ahead of industry Particulars FY26 AUM (₹ in Cr.) Last 5- year CAGR (FY21-26) BHFL 1,40,706 29% Peer HFC 1 3,20,707 7% Peer HFC 2 90,921 4% Peer HFC 3 42,209 14% Medium Term Outcome
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10 10 Scalable Balance Sheet Deliver Reasonable Return Full Mortgage Product Suite Low Risk Business Model Diversified Borrowing Mix Strategic construct for building sustainable business model Second important strategic construct is low risk orientation for the Company as we believe scale and risk do not go together in mortgages. Accordingly, BHFL balances its product mix to maintain low GNPA. Prime housing and LRD products deliver low risk for BHFL. Over a long period of time, both these products have demonstrated least risk. Robust underwriting practices adopted by the Company complemented by rigorous portfolio monitoring helps maintaining low GNPA. ✓ GNPA of 40-60 bps as various portfolios mature ✓ Annualized credit cost of 20-25 bps CONSTRUCT Medium Term Outcome
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11 11 Scalable Balance Sheet Deliver Reasonable Return Full Mortgage Product Suite Low Risk Business Model Diversified Borrowing Mix Strategic construct for building sustainable business model BHFL aims to deliver reasonable return, through an optimized mix of products which are scale builders and return enhancers like construction finance, LAP and Sambhav home loans. Portfolio mix constitutes ~11% construction finance and ~10% LAP complemented by Sambhav home loans constituting 12% of home loans. ✓ ROA: 2.0-2.2% and ROE: 13-15% ✓ Optimum mix of construction finance: 12-15% and LAP: 10-12% ✓ Sambhav HL: ~20% of HL acquisition CONSTRUCT Medium Term Outcome
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12 12 Scalable Balance Sheet Deliver Reasonable Return Full Mortgage Product Suite Low Risk Business Model Diversified Borrowing Mix Strategic construct for building sustainable business model ✓ Rangebound portfolio mix with 2-3% movement between products ✓ Customer coverage enhancement BHFL operates in all segments and sub segments of mortgages to deliver scale, low risk and reasonable return. Mix of products and sub segments vary basis risk return evaluation by the Company. The Company initially started with prime salaried home loans only, later expanded presence across all sub segments to complete its mortgage product stack. CONSTRUCT Medium Term Outcome
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13 13 Scalable Balance Sheet Deliver Reasonable Return Full Mortgage Product Suite Low Risk Business Model Diversified Borrowing Mix Strategic construct for building sustainable business model ✓ Enhance long tenor borrowing mix for ALM match ✓ Diversify mix through newer borrowing sources ICD 0.1% CP 5.3% NHB 9.8% Bank 38.3% NCD 46.5%Mortgage is a long-term asset business which requires long-term liabilities to avoid ALM mismatch. BHFL focuses on maintaining balanced mix of longer tenor borrowings to support longer tenor lending. Assignment remains an integral part of ALM strategy for the Company. Q1FY27 Borrowing Mix CONSTRUCT Medium Term Outcome
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14 14 Company Overview - 2nd largest HFC and largest private HFC offering full suite of mortgage products HOME LOANS LEASE RENTAL DISCOUNTING LOANS AGAINST PROPERTY DEVELOPER FINANCING Home Loans LRD DF LAP Note: Portfolio mix also includes 1. 1 % share of others product as of 3 0 t h Ju n ’26 ▪ Salaried Prime Home Loan ▪ Self-employed & Professional Prime Home Loan ▪ Near Prime & Affordable Home Loan ▪ Self-employed & Professionals LAP ▪ Salaried LAP ▪ Near Prime & Affordable LAP ▪ Commercial Lease Rental Discounting ▪ Retail Lease Rental Discounting ▪ Industrial Properties and Warehousing Lease Rental Discounting ▪ Residential Construction Finance ▪ Commercial Construction Finance COMMERCIALRETAIL 54.1% 23.1% 11.4% 10.3%
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15 15 Focused metrics across products 80,865 Cr AUM 182Locations 83% : 14% : 3% Customer Mix (Salaried : SE: Professional) 15,445 Cr AUM 74Locations 79% : 14% : 7% Customer Mix (SE : Salaried : Professional) 34,604 Cr AUM 17Locations 332Active Customers 17,002 Cr AUM 17Locations 608 Active Developer Relationships HOME LOANS LEASE RENTAL DISCOUNTING LOANS AGAINST PROPERTY DEVELOPER FINANCING ▪ All home loan transactions across all customer segments ▪ Micro Market strategy for sourcing ▪ Leveraging developer finance relationships and large APF base of 9,800+ projects ▪ Sourcing from intermediary and direct-to-customer channels ▪ Assessed income backed lending ▪ Higher mix of self-occupied residential property ▪ Offering across specialized commercial assets ▪ Diverse lessee base with focus on Grade-A properties ▪ Relationship led model ▪ Construction finance offering for residential and commercial projects ▪ Granular book spanning across 895 projects ▪ Milestone linked disbursement and sweep from start of loan COMMERCIALRETAIL Note: Figures as of 3 0 t h Jun ’26
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16 16 Organization structure: Business verticals having dedicated enabling functions and common horizonal functions Dedicated Front End Dedicated Enabling Functions Retail (Prime) Retail (Near Prime and Affordable) Commercial (LRD and DF) 3 Business Verticals Dedicated Sales teams for both sourcing channels (Direct and Indirect) Dedicated Sales teams for near prime and affordable segments Dedicated Sales teams for LRD and Developer Financing respectively Common Horizontal Functions Debt Management Treasury Finance Legal Horizontal Risk IT Compliance HR Admin Marketing Audit Secretarial Credit (Centralized hubs) Credit (Centralized/ Regional hubs) Credit and Collateral Collateral Collateral Debt Management by RM Operations (Regional hubs) Operations (Regional hubs) Operations (Centralized) Risk Policy Risk Policy Risk Policy
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17 17 Organization structure: Business verticals having dedicated enabling functions and common horizonal functions Dedicated Front End Dedicated Enabling Functions Retail (Prime) Retail (Near Prime and Affordable) Commercial (LRD and DF) 3 Business Verticals Dedicated Sales teams for both sourcing channels (Direct and Indirect) Dedicated Sales teams for near prime and affordable segments Dedicated Sales teams for LRD and Developer Financing respectively Common Horizontal Functions Debt Management Treasury Finance Legal Horizontal Risk IT Compliance HR Admin Marketing Audit Secretarial Credit (Centralized hubs) Credit (Centralized/ Regional hubs) Credit and Collateral Collateral Collateral Debt Management by RM Operations (Regional hubs) Operations (Regional hubs) Operations (Centralized) Risk Policy Risk Policy Risk Policy The internal organization structure is aligned basis customer segmentation i.e. Retail - Prime, Retail – Near Prime and Affordable and Commercial. This segregation enables businesses to cater to the differentiated nuances of their respective customer segments by understanding the needs of each segment.
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18 18 Housing finance is a matured industry which is dominated by banks with long presence in industry while BHFL is a late entrant in the highly competitive prime segment. This leads to the primary questions: How does BHFL get access and acquire customer?? and How will BHFL continue to grow??
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19 19 How BHFL connects with prospective customer * As of Jun ’26 Brand Optimized Cost of Fund Pricing Access to Customers Omni-Channel Sourcing Strong brand recall and trust of “Bajaj” group Highest possible credit rating, consistent financial performance and active treasury management delivering optimized COF to sustain competitive intensity Competitive pricing across products. Pricing remains hygiene in the Prime segment (HL & LRD) Through developer financing funded relationships and APF (approved project finance) network of 9,800+ projects* Sourcing customers from both channels – direct to customer as well as through intermediaries Customer Acceptance
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20 20 How BHFL connects with prospective customer * As of Ju n ’26 Brand Optimized Cost of Fund Pricing Access to Customers Omni-Channel Sourcing Strong brand recall and trust of “Bajaj” group Highest possible credit rating, consistent financial performance and active treasury management delivering optimized COF to sustain competitive intensity Competitive pricing across products. Pricing remains hygiene in the Prime segment (HL & LRD) Through developer financing funded relationships and APF (approved project finance) network of 9,400+ projects* Sourcing customers from both channels – direct to customer as well as through intermediaries Customer Acceptance Customer Acceptance Complemented by competitive differentiators to acquire the customer Doorstep service and faster processing Digital process from onboarding to loan processing eliminating multiple hard copies Tailormade solution catering to varied needs Enhanced transparency through e-agreement and e-sanction letter Wide distribution network
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21 21 Mortgages is very large industry with home loan portfolio itself is estimated in excess of 44 Lakh Cr. while BHFL’s total portfolio stood at 1.49 Lakh Cr. which provides significant headroom of growth over medium term for the Company which will be tapped through: 1) Growing all products (HL, LRD, DF and LAP) across all customer segments (Prime and Sambhav) 2) Increasing Market share to 5% in incremental home loan originations from present share of ~2.5-2.7% aided by Sambhav home loans expanding customer segmentation 3) Building operating efficiencies and digitalizing processes from sourcing to customer service thereby delivering Opex to NTI reduction to 14-15% How will BHFL continue to grow
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22 22 Though we focus on growing all products, our portfolio mix may have 2-3% movement within products as each product line has its specific role in the overall strategic construct to maintain scale, low risk and reasonable return. Accordingly, growth of each product is assessed and prioritized basis their contribution in the construct and risk- return outcomes at points in time. AUM Growth Priority Return Enhancement Priority Prime Home Loans Developer Financing LRD LAP Sambhav Home Loans Sambhav Home Loans LAP LRD Developer Financing Prime Home Loans Overall Growth Priority Prime Home Loans LRD Sambhav Home Loans Developer Financing LAP Growth Across All Products - Guiding Principle for Product Growth
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23 23 Product wise Operating Strategy DF (11.4%) Home Loans (54.1%) LRD (23.1%) LAP (10.3%)
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24 24 58% 42% Q1 FY27 Omnichannel sourcing strategy to cater both Prime and Sambhav segments Home Loans (54.1%) INDIRECT DIRECT Developer sites Self- sourcing Digital Partners Digital Ecosystem Aggregators Channel Partners Connectors Direct Selling Agents Omnichannel Sourcing Strategy 86% 14%Q1FY27 80% 20%Medium Term Expected acquisition mix movement Prime Sambhav Acquisition Mix between Prime and Sambhav
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25 25 Distinct expansion strategies for both segments PRIME SEGMENT SAMBHAV SEGMENT Home Loans (54.1%) DEEPEN presence and increase wallet share WIDEN reach and operating segments EXPAND DISTRIBUTION ✓ Deepening network of intermediaries and developer counters in each micro market of operating location. ✓ Enhance home loans penetration from DF funded and non-funded projects leveraging DF team relationship. LEVERAGE DF RELATIONSHIP STRENGTHEN DIRECT ✓ Increasing conversion from digital assets and self-sourcing while expanding e- referral partner network. NON-TOP-6 MARKET EXPANSION ✓ Expanding presence beyond top-6 markets through integrated mortgage strategy of offering HL and LAP delivering additional yield. ✓ For expanding coverage across all segments, near prime and affordable customers across geographies to be onboarded. CUSTOMER SEGMENT EXPANSION ✓ Investment phase will continue in near prime business for next 1 year and affordable business for next 2 years. INVESTMENT PHASE ✓ Scale driver ✓ Lower risk ✓ Expansion of Customer segment ✓ Yield Enhancer
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26 26 LRD Operating Strategy DF (11.4%) Home Loans (54.1%) LRD (23.1%) LAP (10.3%)
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27 27 Pristine Asset quality portfolio since inception LRD (23.1%) LESSOR LESSEE COLLATERAL ✓ Financial robustness of lessor SPV and its parent company, if any ✓ Business model with an ability to lease out ✓ Borrower’s leverage levels ✓ Surplus rental income over obligations ✓ Financial track record of lessee ✓ Contractual lease duration ✓ Residual tenure ✓ Rental payment trend ✓ Local real estate market assessment ✓ Occupancy rates and historical vacancy trend in micro market ✓ Property Marketability and re-lease ability No Execution Risk involved in underlying collateral Dual Security: Exposures backed by Cash Flows as well as Collateral Thorough credit assessment of Three critical elements Role in Strategic Construct: ✓ Scale builder ✓ Lower risk portfolio ✓ Reasonable Return Sovereign Wealth Funds REITs and Large Multinational Funds Large Rated Corporates Large Commercial Developers Balance Portfolio 32% Mix Predominant Large and good rated customer mix : 68% Mix
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28 28 DF Operating Strategy DF (11.4%) Home Loans (54.1%) LRD (23.1%) LAP (10.3%)
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29 29 Differentiated sourcing strategy DF (11.4%) Role in Strategic Construct: ✓ Key enabler for funnel expansion of retail home loans ✓ Return enhancer for the Company ✓ Full mortgage product suite coverage ▪ Demonstrated an “ability to build and sell” minimum 0.7 MSF in micro market. ▪ Robust financial track record with consistent loan repayment ability. ▪ Vintage developer with on-time project completion. Developer Assessment ▪ Micro market assessment of launches, absorption and price trend ▪ Performance of peer projects in respective micro market ▪ Exposure backed against cash flows, inventory and undivided share of land etc. Project Assessment ▪ Pre-defined disbursement milestones at the time of sanction linked to: ✓ Stage of construction ✓ Sales ✓ Collection ✓ Funding as % of project cost (net of land cost & interest) Milestone Linked Disbursement Key Differentiators in Sourcing Strategy ✓ Each location is bifurcated into micro markets basis current launches opportunity which is targeted for deepening our presence through D2C approach.
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30 30 Overarching Guard rails for minimizing risk DF (11.4%) ✓ Interest repayment from day 1 during initial principal mortarium period as well ✓ ESCROW mechanism for project cash flows tracking with pre-defined sweep structure ✓ Sweep structure ensures principal run-down during moratorium period as well ensuring peak exposure remaining below the sanctioned loan amount ✓ Monthly Portfolio monitoring by dedicated team for each project’s stage of construction, sales done and collections received vis-a-vis pre-defined milestones at the time of sanction ✓ Periodic project visit by a dedicated portfolio monitoring team for better understanding of project and market veracity ✓ Milestone tracking at the time of tranche disbursement by underwriting team prior to further disbursement
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31 31 LAP Operating Strategy DF (11.4%) Home Loans (54.1%) LRD 23.1%) LAP (10.3%)
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32 32 Enhancing wallet share for return enhancement LAP (10.3%) Role in Strategic Construct: ✓ Return enhancer for the Company ✓ Full mortgage product suite coverage Key Differentiators ✓ Assessed income backed lending along with assessment of collateral value ✓ Diverse customer base with comfortable LTV levels Expanding wallet share and network of intermediaries ✓ Expanding distribution heft in top-6 markets for expanding wallet share with existing intermediaries within each micro-market ✓ Integrated mortgage strategy in top-6+ markets to enhance LAP contribution through distributors while enhancing wallet share for BHFL products ✓ Expand LAP to near prime and affordable customer segments
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33 33 Mortgage is a process heavy business requiring multiple wet signatures, paperwork and multiple visits, however, with our aim to deliver seamless and consistent customer experience, we continue to introduce various digital initiatives to ease these processes and build operating efficiencies across the journey as reflected from their adoption by our customers. Digital Capabilities
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34 34 Seamless Digital Journey from Origination --> Service Digital Customer Onboarding Journey (Retail) Digital Customer Onboarding Journey (Commercial) Partner Portal Auto CAM having AA integration e-Agreement e-Mandate e-Sanction Letter Multiple Payment Options Customer App Customer Portal Debt Management App Simplified Onboarding Experience (Auto data fetching) Faster Approval and Analysis Digital and Paperless Process (OTP based real-time authentication for enhanced transparency) Anytime-anywhere Self-service (service request, part-payment, loan document access from platforms) Smoother Debt Management (timely tracking and access to multiple options) Customer’s Entry into BHFL Ecosystem: e-Insurance Form Developer sites Intermediaries Digital partners Digital ecosystem Self-sourcing Customer One Portal (unified link)
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35 35 Encouraging penetration reflecting adoption of BHFL’s digital initiatives Customer Onboarding Journey Penetration ~95% of retail logins^ Loan agreements Downloading from digital platforms ~850 customers/ month* Customer One Portal Penetration ~95% of retail agreements^ Sanction letter/ MITC/ loan Agreement in bilingual languages 10 languages# SOA/ RPS / Interest Certificate Downloaded through App 33,500+ customers/ month* Online Self-Service through portal and app 74% of total requests^ Automation for faster query resolution through AI/ ML 950+ customer requests/ month* Unique customer logging on customer portal and app 72,000+ customers/ month^ *Average for Q1FY27. ^ For the month of Jun’26. # As of Jun ’26.
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36 36 Leveraging AI Initiatives for better experience and enhanced controllership ENHANCE CUSTOMER EXPERIENCE SEAMLESS & LEANER PROCESSES IMPROVE CONTROLLERSHIP KEY FOCUS AREAS OF AI ADOPTION | AI Voice Agent for Lead Generation | Sales Call Intelligence | AI Guided Employee Platform ✓ Enhanced calling capacity ✓ Faster outreach ✓ Improved conversion ORIGINATION | Credit Personal Discussion Call Intelligence | Commercial Credit Document Intelligence | Collateral Intelligence and Geo-Analytics ✓ Improve evidence-based underwriting ✓ Faster turnaround ✓ Reducing collateral risk UNDERWRITING & COLLATERAL | AI Customer Assist | Smart Service Request Intelligence | Service Call Intelligence ✓ 24*7 self-service support ✓ Consistent response ✓ Repeat escalations reduction CUSTOMER SERVICE | AI Enabled Training Platform | Employee Pulse Intelligence Platform | AI Interview Agent - Frontline Hiring ✓ Enhanced employee engagement ✓ Capacity optimization ✓ Continuous capability building PEOPLE CAPITAL IMPLEMENTING AI USE CASES ACROSS LIFECYCLE
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37 37 Table of Contents Industry Landscape Industry Landscape Strategic Priorities Strategic Priorities 1 2 3 4 Company Overview Company Overview Year Gone By Year Gone By
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38 38 Financial Snapshot Particulars Q4 FY26 Q4 FY25 YoY FY26 FY25 YoY Assets under management 140,706 114,684 23% 140,706 114,684 23% Loan Assets 123,745 99,513 24% 123,745 99,513 24% Interest income 2,707 2,374 14% 10,512 8,986 17% Interest expenses 1,762 1,551 14% 6,760 5,979 13% Net Interest income 945 823 15% 3,752 3,007 25% Net Total Income (NTI) 1,141 954 20% 4,391 3,575 23% Operating Expenses 220 208 6% 867 747 16% Pre-provisioning operating profit 921 746 23% 3,524 2,828 25% Loan Losses & Provision 55 26 112% 191 58 229% Profit before exceptional item and tax 866 720 20% 3,333 2,770 20% Exceptional item - - 13 - Profit before tax 866 720 20% 3,320 2,770 20% Profit after tax 669 587 14% 2,560 2,163 18% Key Ratios: Opex to NTI 19.2% 21.8% 19.7% 20.9% Loan loss to Average Loan Assets ** 0.19% 0.11% 0.17% 0.07% Gross NPA (%) 0.27% 0.29% 0.27% 0.29% Return on Average Loan Assets ** 2.3% 2.4% 2.3% 2.4% Return on Average Equity ** 12.2% 12.1% 12.1% 13.4% ** Annualized Key Financial Indicators FY26 Assessm ent Status AUM Growth 21-23% 23% Opex to NTI 20-21% 19.7% GNPA 35 – 40 bps 27 bps Credit Cost 15 – 20 bps 17 bps Return on Assets 2.0 - 2.2% 2.3% Return on Equity 11 – 12% 12.1% for FY26 and Update against Initial Assessment ₹ in Crore
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39 39 Management assessment of key financial indicators – FY27 ▪ Geopolitical factors since last quarter have brought cascading impact on economic outlook, inflation metrics and volatile borrowing cost in money market ▪ AUM growth is expected to remain in the range of 21-23% for FY27 given the home loan industry grew 9.4% in FY26 as against the expected growth corridor of 11-12% and the competitive intensity across banks remains largely unchanged, while the portfolio attrition has showed some moderation in Q1 ▪ NIM is expected to moderate by 20-25 bps during FY27 considering stable interest rate regime limiting upward repricing opportunities and continued competitive intensity ▪ The Company shall continue to focus on enhancing operating efficiency with expected opex to NTI ratio of 19-20% ▪ Asset quality is expected to remain healthy with GNPA ratio at 30-35 bps and credit cost in the range of 10-15 bps ▪ ROA is assessed to be 2.1-2.3% and ROE at 12-13% for FY27 # Key Indicators FY27 Assessment AUM Growth 21-23% NIM Moderation 20-25 bps Opex to NTI 19-20% GNPA 30 – 35 bps Credit Cost 10 – 15 bps Provisioning Coverage Ratio 50 – 60% Return on Assets 2.1 - 2.3% Leverage 5.8–6.3 times Return on Equity 12 – 13% 1 2 3 4 5 6 7 8 9
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40 40 Table of Contents Industry Landscape Industry Landscape 1 2 3 4 Company Overview Company Overview Year Gone By Year Gone By Strategic Priorities Strategic Priorities
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41 41 Optimize product mix with 2-3% movement in current portfolio mix while playing out between products and sub-segments basis risk- adjusted return Strategic Priorities Continue to invest in the deepening and widening strategy for 5% market share in incremental home loans originations Balance mix of floating and fixed rate liabilities for optimized cost of fund to enable competitive lending Continue to digitalize processes for ease of process and enhanced controllership Increase Home Loans Penetration Balanced Product Mix Optimize Treasury Mix Digitalization for Seamless Process
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42 42 LARGE MORTGAGE PLAYER BHFL shall strive to continue building heft in the mortgage market through its execution and tech capabilities to garner incremental market share and deliver its medium-term AUM growth guidance with improved operating efficiencies while maintaining its asset quality.
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43 43 35 THANK YOU
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44 44 44 Disclaimer This presentation can not be copied and/or disseminated in any manner . This communication is for general information purpose only, without regard to specific objectives, financial situations and needs of any person . This presentation does not constitute an offer or invitation to purchase or subscribe for any shares in Bajaj Housing Finance Limited (“BHFL” or the “Company“ or “Bajaj Housing Finance”) and neither any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever . No representation or warranty, expressed or implied is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of such information or opinions contained herein . The information contained in this presentation is only current as of its date . Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements”, including those relating to the Company's general business plans and strategy, its future financial condition and growth prospects, and future developments in its industry and its competitive and regulatory environment . Actual results may differ materially from these forward - looking statements due to several factors, including future changes or developments in the Company's business, its competitive environment, political, economic, legal and social conditions in India . Given these uncertainties, readers/viewers are cautioned not to place undue reliance on such forward - looking statements, and should rely entirely on their own independent enquiries, investigations and advice regarding any information contained in this presentation . Any reliance placed by a reader/viewers on the information contained in this presentation is wholly at their risk . BHFL may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes . No part of this material shall be copied or duplicated in any form by any means or redistributed . Copyright of presentation solely and exclusively belongs to BHFL and regardless of the purpose, any reproduction and/or use of this presentation in any shape or form without the prior written consent of BHFL is strictly prohibited .