Bajaj Finance reported a Profit After Tax (PAT) of ₹4,066 crore for Q3 FY26. Consolidated assets under management reached ₹484,477 crore, representing a 22% growth. The company’s customer franchise stood at 115.40 million. An accelerated ECL provision of ₹1,406 crore and a one-time charge of ₹265 crore related to New Labour Codes impacted the financial results. Before these impacts, PAT would have been ₹5,317 crore, a 23% increase.
Key Financial Highlights
Bajaj Finance showcased robust performance in Q3 FY26. Some of the key figures from the release:
- New loans booked: 13.90 million, a 15% increase.
- Assets under management: ₹484,477 crore, a 22% increase.
- Net interest income: ₹11,317 crore, a 21% increase.
- Profit before tax: ₹5,431 crore.
Impact of Accelerated ECL Provision
To enhance balance sheet resilience, Bajaj Finance implemented a minimum Loss Given Default (LGD) floor across all businesses, resulting in an accelerated ECL provision of ₹1,406 crore. This adjustment impacted the reported profit figures for Q3 FY26.
One-Time Charge for New Labour Codes
The company also recognized a one-time charge of ₹265 crore due to an increase in gratuity liabilities arising from the enactment of the New Labour Codes.
Standalone Performance
On a standalone basis, Bajaj Finance reported assets under management of ₹353,765 crore. The company’s Gross NPA and Net NPA stood at 1.56% and 0.61%, respectively.
Subsidiary Performance
Bajaj Housing Finance Limited (BHFL) saw its assets under management grow by 23% to ₹133,412 crore. Bajaj Financial Securities Limited (BFinsec) reported customer franchise growth of 37%, reaching 1.25 million customers.
Source: BSE
