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Bajaj Finance Q3 Results 2026 Highlights: Non-banking finance company (NBFC) Bajaj Finance announced its third quarter results on Tuesday, February 3.

The company posted a decline in net profit contrary to market expectations of an almost 20% increase. Bajaj Finance said its Q3 profit was impacted by the accelerated ECL provision of ₹1,406 crore and a one-time exceptional charge of ₹265 crore due to the implementation of the new labour code.

Bajaj Finance witnessed a 5.6% year-on-year (YoY) decline in its net profit to ₹4,066 crore during the quarter under review. However, its net interest income rose 21% in Q3 FY26 to ₹11,317 crore from ₹9,382 crore in Q3 FY25.

Gross NPA and Net NPA as of 31 December 2025 stood at 1.21 % and 0.47% respectively, as against 1.12% and 0.48% as of 31 December 2024. The provisioning coverage ratio on stage 3 assets was 61%.

Capital adequacy ratio (CRAR) (including Tier-II capital) as of 31 December 2025 was 21.45%. The Tier-I capital was 20.60%.

On a standalone basis, net interest income increased by 20% in Q3FY26 to ₹10,231 crore from ₹8,500 crore in Q3FY25. Profit after tax (PAT) in Q3FY26 was ₹4,581 crore, up 23.6%.

Gross NPA and Net NPA as of 31 December 2025 stood at 1.21 % and 0.47% respectively, as against 1.12% and 0.48% as of 31 December 2024. The provisioning coverage ratio on stage 3 assets was 61 %.

Loan losses and provisions in Q3 FY26 were ₹3,625 crore. The company said that before the accelerated ECL provision of ₹1,406 crore, the figure was ₹2,219 crore in Q3 FY26 as against ₹2,043 crore in Q3 FY25, an increase of 9%.

The consolidated net interest income (NII) increased by 21% YoY in Q3 FY26 to~ ₹11,317 crore from ₹9,382 crore in Q3 FY25.

Bajaj Finance posted a 5.6% year-on-year (YoY) decline in the net profit to ₹4066 crore during the quarter under review. The company said its bottomline was hit by an accelerated ECL provision of~ ₹1,406 crore and one-time impact of new labour code.

The company took a one-time exceptional charge of~ ₹265 crore towards increase in gratuity liabilities arising from past service cost on account of the New Labour Codes released on 21 November 2025.

Bajaj Finance saw steady quarterly growth, with AUM reaching ₹4.9 trn, registering growth of ~5% QoQ and 22% YoY.

We expect margins to be broadly stable or marginally improve on account of moderating CoFs. PPoP is expected to reach ~ ₹9.3 bn, registering 5% sequential growth.

We expect credit costs to moderate marginally on a sequential basis, to