What was Bajaj Finance's net profit in Q3 FY26?

Bajaj Finance's net profit in Q3 FY26 was ₹4,066 crore, a 5.6% decrease year-on-year.

How did Bajaj Finance's net interest income perform in Q3 FY26?

Net interest income for Bajaj Finance rose by 20.6% year-on-year to ₹11,318 crore in Q3 FY26.

What was the growth in Bajaj Finance's customer base during Q3 FY26?

Bajaj Finance's customer base expanded by 19% year-on-year to 11.54 crore in Q3 FY26.

Home / Business and Economy / Bajaj Finance Profit Misses Estimates Amid Higher Provisions

Bajaj Finance Profit Misses Estimates Amid Higher Provisions

3 Feb

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Summary

Profit declined 5.6% year-on-year to ₹4,066 crore in Q3 FY26.
Net interest income rose 20.6% year-on-year to ₹11,318 crore.
Customer base expanded 19% YoY to 11.54 crore in the quarter.

Bajaj Finance Profit Misses Estimates Amid Higher Provisions

Bajaj Finance announced its Q3 FY26 financial results, revealing a net profit of ₹4,066 crore, a 5.6% decrease from the previous year and below market expectations. This decline was largely attributed to an accelerated expected credit loss provision of ₹1,406 crore, stemming from a new minimum loss-given-default floor across its businesses. An additional one-time exceptional charge of ₹265 crore was booked for higher gratuity liabilities.

Despite the profit dip, core lending metrics showed robust growth. Net interest income increased by 20.6% year-on-year to ₹11,318 crore, supported by sustained expansion in the loan book. The company's customer franchise grew by 19% to 11.54 crore, with 47.6 lakh new customers acquired during the quarter. Assets under management reached ₹4.84 lakh crore, reflecting a 22% year-on-year growth prior to the ECL adjustment.