Bajaj Finance Q3 Results FY26: Profit declines 6% YoY to Rs 3977 crore; NII rises 21%

Bajaj Finance Q3 Results FY26: Bajaj Finance Ltd reported a six per cent decline in its year-on-year profit. In Q3, the Bajaj Group company reported Rs 3,977.85 crore profit. In the same period of the previous quarter, it reported a profit of Rs 4,246.54 crore (Q3 FY25). Net interest income increased by 21 per cent in Q3 FY26 to Rs 11,317 crore from Rs 9382 crore in Q3 FY25.Gross NPA and Net NPA as of December 31, 2025 stood at 1.21 per cent and 0.47 per cent respectively , as against 1.12 per cent and 0.48 per cent as of December 31, 2024. The provisioning coverage ratio on stage 3 assets was 61 per cent. #Q3WithETNOW | Bajaj Finance Q3: NPA and impact of New Labour Code 👇 #StockMarket #EarningsWithETNOW https://t.co/dztEQFQUrV pic.twitter.com/nYbguD0iz4— ET NOW (@ETNOWlive) February 3, 2026 Capital adequacy ratio (CRAR) (including Tier-II capital) as of December 31, 2025 was 21.45 per cent. The Tier-I capital was 20.60 per cent.CONSOLIDATED PERFORMANCE HIGHLIGHTS - 03 FY26Number of new loans booked in 03 FY26 was 13.90 million as against 12.06 million in 03 FY25, a growth of 15%.Customer franchise stood at 115.40 million as of 31 December 2025, compared to 97.12 million as of 31December 2024, a growth of 19%. Customer franchise grew by 4. 76 million in 03 FY26.Assets under management (AUM) stood at Rs 484,477 crore as of 31 December 2025.AUM before the accelerated ECL provision grew by 22% to Rs 485,883 crore as of 31 December 2025 from Rs 398,043 crore as of 31 December 2024 - an increase of Rs 23,622 crore in 03 FY26.Net total income increased by 19% in 03 FY26 to Rs 13,875 crore from Rs 11,673 crore in 03 FY25.Operating expenses to net total income for 03 FY26 was 32.8% as against 33.1 % in 03 FY25.Pre-provisioning operating profit increased by 19% in 03 FY26 to z 9,319 crore from Rs 7,805 crore in 03 FY25.Loan losses and provisions in 03 FY26 was z 3,625 crore.Loan losses and provisions before the accelerated ECL provision of z 1,406 crore was Rs 2,219 crore in 03FY26 as against Rs 2,043 crore in 03 FY25, an increase of 9%.Annualised loan losses and provisions to average assets under finance before accelerated ECL provision was 1.91 % in 03 FY26 as against 2.16% in 03 FY25.Profit before tax (PBT) in 03 FY26 was Rs 5,431 crore.PST before the accelerated ECL provision and. one-time charge of New Labour Codes grew by 23% toRs 7, 102 crore in 03 FY26 from Rs 5, 765 crore in 03 FY25 . .Profit after tax (PAT) in 03 FY26 was Rs 4,066 crore.PAT before the accelerated ECL provision , one-time charge of New Labour Codes, and tax thereon grew by23% to Rs 5,317 crore in 03 FY26 from Rs 4,308 crore in Q3 FY25.