Bajaj Finserv reported strong Q3 FY26 results, with consolidated profit after tax increasing by 32% to ₹2,936 crore. The company approved the issuance of equity shares to its ESOP Trust. The board meeting, held on February 4, 2026, also approved unaudited financial results for the quarter and nine months ending December 31, 2025.
Financial Performance
Bajaj Finserv reported a consolidated total income of ₹39,708 crore for Q3 FY26. Consolidated profit after tax increased to ₹2,936 crore. Excluding the accelerated ECL provision and one-time charge for New Labour Codes and tax effects, profit after tax before these adjustments stood at ₹2,936 crore, a 32% increase compared to the previous year.
Segment Highlights
The Insurance segment’s gross written premium was ₹7,389 crore. The Retail Financing segment continues to perform strongly. Emerging businesses include Bajaj Finserv Health and Bajaj Finserv Asset Management.
Key Subsidiaries Performance
Bajaj Finance’s profit after tax stood at ₹3,978 crore. Bajaj General Insurance’s profit after tax was ₹399 crore. Bajaj Life’s net value of new business (VNB) increased by 59%.
Equity Issuance
The board approved the issue of 27,36,768 equity shares to the Bajaj Finserv ESOP Trust, in accordance with the company’s employee stock option scheme and relevant regulations.
Acquisitions
Bajaj Finserv completed the acquisition of an additional equity stake in its insurance subsidiaries from Allianz SE. The company also acquired Allianz SE’s stake in Bajaj Financial Distributors Limited, making it a wholly-owned subsidiary.
Source: BSE
