Bajaj Finserv Q3 profit remains flat; revenue rises 24%

Bajaj Finserv delivered strong top-line growth in the December quarter, even as reported profitability remained broadly stable due to higher provisions and a one-time charge.The company reported a consolidated net profit of ₹2,230 crore in Q3 FY26, nearly unchanged from ₹2,231 crore a year earlier. However, excluding the impact of an accelerated expected credit loss (ECL) provision and a one-time labour code charge, consolidated profit after tax would have stood at ₹2,936 crore — a 32% jump from the year-ago quarter.

On an Ind AS basis, Bajaj Finance posted a consolidated profit after tax of ₹3,978 crore in Q3 FY26. Before accounting for the accelerated ECL provision and labour code charge, profit after tax would have risen 23% year-on-year to ₹5,227 crore, compared with ₹4,246 crore in Q3 FY25.
Loan losses and provisions totaled ₹3,620 crore for the quarter, including an accelerated ECL provision of ₹1,406 crore, which weighed on reported earnings.Despite this, business momentum remained robust. Total revenue surged 24% to ₹39,708.6 crore from ₹32,041.8 crore a year earlier. Net interest income increased about 19% to ₹13,216 crore from ₹11,132 crore, reflecting steady growth in the lending franchise.

Insurance revenues climbed roughly 18% to ₹15,770 crore from ₹13,341 crore in the same period last year.Balance sheet and asset quality

Assets under management (AUM) at Bajaj Finance expanded 22% to ₹4,84,477 crore as of December 31, 2025, compared with ₹3,98,043 crore a year ago.

Asset quality remained largely stable. Gross NPAs stood at 1.21%, slightly higher than 1.12% a year earlier, while net NPAs were 0.47%, marginally lower than 0.48% in the previous year.

The capital adequacy ratio (CRAR), including Tier-II capital, stood at 21.45%, with Tier-I capital at 20.60%, indicating a strong capital buffer.

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