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Bajaj Finserv announced its December-quarter results on Wednesday, February 4, reporting a consolidated net profit of ₹2,229 crore. In the same period last year, the company had posted a net profit of ₹2,231 crore.

The company’s consolidated total income rose to ₹39,708 crore, marking a 24% increase over ₹32,042 crore reported in the year-ago quarter.

Despite the higher total income, the bottom line was impacted by elevated provisions, including an accelerated expected credit loss (ECL) charge of ₹1,406 crore and a one-time gratuity-related expense of ₹379 crore arising from the implementation of new labour codes.

The accelerated ECL provision had a net impact of ₹540 crore on Bajaj Finserv’s consolidated profit, while the impact from the new labour codes stood at around ₹167 crore, according to the company’s earnings report.

"During the quarter. to enhance balance sheet resilience, Bajaj Finance has further strengthened its provisioning framework by implementing a minimum Loss Given Default (LGD) floor across all businesses. Accordingly, an accelerated ECL provision of ₹1,406 crore was made. Additionally, BFS and its subsidiaries also accounted for one-time charge of 379 crore towards New Labour Codes released on 21 November 2025," the company said in its earnings' filing.

Excluding the impact of these two items, consolidated profit after tax stood at ₹2,936 crore in Q3 FY26, marking a 32% increase compared with the corresponding quarter last year.

(more to come)

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