India's Bajaj Housing Finance up on Q4 profit rise; Ambit sees spread pressure in FY27

Bajaj Housing Finance

28/04/2026 05:29

** Bajaj Housing Finance BAJO.NS up 0.2% at 91.13 rupees

** Co's Q4 profit rises 14% rise to 6.69 billion rupees  ($70.8 million) vs year-ago 5.87 billion rupees

** Net interest income falls to 9.45 billion rupees vs 9.63 billion rupees in Q3, even as loan assets expand 5.5% q/q

** Assets under management rises 23% y/y to 1.41 trillion rupees

** Ambit Capital expects lending spreads to narrow by ~20 bps in FY27, driven by further decline in yields amid intense competitive pressure

** Says, "... Spreads should continue to see pressure in FY27"

** Stock rated "hold" on avg; median PT is 94.5 rupees, per data compiled by LSEG

** YTD, BAJO down 3.5%

($1 = 94.4600 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru)

 ((Abhinav.Parmar@thomsonreuters.com;))