Top News

Bajaj Finance's Q3 profit declines 5.6% YoY to ₹4,066cr
03 Feb 2026

Bajaj Finance has reported a 5.6% year-on-year decline in its consolidated net profit for the third quarter (Q3) at ₹4,066 crore.

The fall was mainly due to an accelerated expected credit loss (ECL) provision and a one-time charge related to new labor codes.

However, when adjusted for these factors and tax, the profit grew by 23% to ₹5,317 crore.

NII grows by 21% YoY
Financial growth

In Q3 FY26, Bajaj Finance's net interest income (NII) grew by 21% to ₹11,318 crore from ₹9,382 crore in the same quarter last year.

The company's net total income also rose by 19% to ₹13,875 crore from ₹11,673 crore in Q3 FY25.

Despite ongoing investments in technology, operating expenses remained stable at 32.8% of net total income, slightly lower than last year's figure of 33%.

Loan losses and provisions stand at ₹3,625cr
Figures

Bajaj Finance's pre-provisioning operating profit rose by 19% YoY to ₹9,319 crore from ₹7,805 crore.

However, the loan losses and provisions stood at ₹3,625 crore during the quarter. This included accelerated ECL provisions of ₹1,406 crore.

Excluding these accelerated provisions, loan losses and provisions were at ₹2,219 crore, up 9% from last year's figure of ₹2,043 crore in Q3 FY25.

Customer base expands by 19% YoY
Business expansion

Bajaj Finance booked 1.39 crore new loans in Q3, a 15% increase from last year's figure of 1.206 crore loans.

The company's customer base also expanded by a healthy 19% YoY to reach over 11.54 crore, with an addition of about 47.6 lakh customers during the quarter alone.

Assets under management stood at ₹4.84 lakh crore on December-end, growing by an impressive 22% YoY before accounting for accelerated ECL provisioning adjustments.