Bajaj Finserv Q3FY26 Earnings Results Out: Revenue Up 24%, Profit Nearly Flat

Bajaj Finserv reported a consolidated net profit of ₹2,229 crore in Q3FY26, slightly lower than ₹2,231 crore in the same quarter last year. While profit stayed largely flat, the quarter was impacted by higher provisions and one-time charges.

The company booked an accelerated expected credit loss (ECL) provision after strengthening its provisioning framework. It also accounted for a one-time labour code-related charge, which together reduced overall profitability.

Revenue Growth Stays Strong

Despite the profit dip, the company delivered strong growth in its top line. Total revenue from operations rose 24% year-on-year to ₹39,708 crore, compared with ₹32,042 crore in Q3FY25.

Interest income, a key driver for the group, increased 17.5% to ₹20,449 crore, up from ₹17,409 crore a year earlier. Dividend income also improved sharply, rising to ₹80 crore from ₹24 crore in the year-ago period.

Asset Quality and Provisions

Loan losses and provisions for the quarter stood at ₹3,625 crore. On the asset quality front, gross NPA came in at 1.21%, while net NPA was 0.47% at the end of the December quarter.

This compared with 1.12% gross NPA and 0.48% net NPA in the same period last year, showing a slight rise in gross stress but stable net NPA levels.

Insurance Businesses Show Healthy Growth

Bajaj Finserv’s insurance subsidiaries delivered solid growth during the quarter. Bajaj General Insurance reported gross written premium of ₹7,389 crore, up 12% from ₹6,626 crore in Q3FY25.

Bajaj Life Insurance also posted strong momentum. New business premium rose 27% to ₹3,501 crore. Retail weighted received premium (RWRP) increased 20% to ₹1,857 crore, while group protection new business climbed 29% to ₹785 crore.

Renewal premium for the quarter grew 21% to ₹4,353 crore. Net value of new business (VNB) jumped 59% to ₹405 crore, supported by product mix changes and cost efficiency.

Bajaj Finserv Share Price Performance 

Bajaj Finserv shares traded around 0.8% higher at ₹2,029, outperforming the broader market during the session.

Read more: Bajaj Finance Share Price in Focus on Q3 FY26 Earnings Results: Net Profit Declines.

Conclusion

Bajaj Finserv delivered strong revenue growth in Q3FY26, supported by rising interest income and healthy insurance performance. However, higher provisions and one-time charges kept profit growth muted. The overall performance suggests continued business momentum, with a clear focus on strengthening balance sheet resilience.

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