Bajaj Finance Q3 Results: Net profit falls 6% to Rs 3,978 crore on higher provisions, NII up 21%

Bajaj Finance Q3 Results

• Bajaj Finance Q3 FY26 net profit fell 6 percent YoY to Rs 3,978 crore
• Net interest income rose 21 percent YoY to Rs 11,317 crore in Q3 FY26
• Stock under watch tomorrow

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Bajaj Finance on February 3 reported a consolidated net profit of Rs 3,978 crore for the October-December quarter of financial year 2026, marking a 6 percent YoY fall from the Rs 4,246.54 crore net profit reported in the same period of the previous financial year.

This however included a one-time exceptional cost of Rs 265.22 crore arising out of the new labour codes that took effect last year. "During the quarter, td strengthen balance sheet resilience amidst a volatile global economic environment, the Company further strengthened its ECL provisioning framework by recalibrating ECL parameters and introducing minimum floors for some of the most sensitive inputs. resulting in an accelerated ECL provision of Rs 1,406 crore," the company added.

Bajaj Finance's net interest income (NII) increased by 21 percent YoY to Rs 11,317 crore in Q3 FY26. The firm’s assets under management (AUM) grew 22 percent to Rs 4,85,883 crore during Q3 FY26, from Rs 398,043 crore in Q3 FY25.

Annualised ROE improved to 19.6 percent in Q3 FY26, from 19.1 percent in Q3 FY25, while annualised ROA stood at 4.6 percent during the quarter under review, as against 4.5 percent in the year-ago period.. Loan losses and provisions in Q3 FY26 stood at Rs 3,625 crore.

Number of new loans booked in Q3 FY26 stood at 1.39 crore, as against 1.21 crore in Q3 FY25. This marks a YoY growth of 15 percent. Customer franchise meanwhile grew 19 percent YoY to 115.40 million during the quarter under review.

Bajaj Finance added 2,363 employees during the quarter, taking its total employee count to 69,824. Annualised employee attrition as of December 31, 2025 was reported at 18.2 percent.

Gross non performing assets (GNPA) margin and net NPA margin stood at 1.21 percent and 0.47 percent respectively in Q3 FY26, as against 1.12 percent and 0.48 percent in the same period of FY25. The provisioning coverage ratio on Stage 3 assets was 61%.

In November, the diversified lender trimmed its growth forecast for asset under management (AUM) for the current financial year to 22-23 percent from 24-25 percent a year earlier, citing bad loans in its MSME segment and strong competition in mortgage lending.

The company released its results in the post-market hours of February 3. The shares of the company jumped nearly 7 percent to trade at Rs 964.75 apiece earlier today. The stock will be kept under active watch tomorrow when markets reopen.