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Bajaj Housing Finance Shares in Focus Amid Block Deal
2 Dec
Summary
- Promoter Bajaj Finance may sell a 2% stake in Bajaj Housing Finance.
- The offer floor price is set at Rs 95 per share, a 9% discount.
- Bajaj Housing Finance reported an 18% jump in net profit for Q2FY26.
Bajaj Housing Finance is poised for a potential block deal as its promoter, Bajaj Finance, reportedly plans to divest a 2% stake. The offer floor price is anticipated to be around Rs 95 per share, a notable discount from its current trading value, signaling an opportunity for investors.
This potential stake sale occurs amidst robust financial performance reported by Bajaj Housing Finance. For the September-ended quarter, the company achieved an 18% increase in net profit, reaching Rs 643 crore from Rs 546 crore in the prior year. Revenue also saw a healthy 14% rise to Rs 2,755 crore.
Financially, the company has demonstrated significant growth, with net interest income rising by 34% to Rs 956 crore in Q2FY26. While net interest margins remained flat sequentially, the overall profitability and revenue figures indicate a strong operational standing for Bajaj Housing Finance.
