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  1. Bajaj Finserv Q3 earnings: Net profit slips marginally to ₹2,229 crore, revenue rises 24% to ₹39,708 crore

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Bajaj Finserv Q3 earnings: Net profit slips marginally to ₹2,229 crore, revenue rises 24% to ₹39,708 crore

Upstox

2 min read | Updated on February 04, 2026, 14:23 IST

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SUMMARY

Bajaj Finserv's total revenue from operations in October-December period jumped 24% to ₹39,708 crore from ₹32,042 crore in the year-ago period.

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The acquisition marks the end of a 24-year joint venture between Bajaj Finserv and Allianz SE. | Image: Shutterstock

Bajaj Finserv's loan losses and provisions in Q3 came in at ₹3,625 crore. Image: Shutterstock

Bajaj FInserv Q3 results: Bajaj Finserv, the country's leading non-banking finance company (NBFC), on Wednesday, February 4, reported a net profit of ₹2,229 crore in the third quarter of current financial year (Q3FY26), marking a marginal decline from ₹2,231 crore in the same period last year.
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Bajaj Finserv's total revenue from operations in October-December period jumped 24% to ₹39,708 crore from ₹32,042 crore in the year-ago period.

The company's interest income during the quarter rose 17.5% to ₹20,449 crore from ₹17,409 crore and dividend income jumped multifold to ₹80 crore from ₹24 crore a year earlier.

"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," Bajaj Finserv said in an exchange filing.

"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. Net impact on consolidated profit of BFS is ₹540 crore for accelerated ECL provision and ₹167 crore for New Labour Codes," the Pune-based company added.

Loan losses and provisions in Q3 came in at ₹3,625 crore. Gross non-performing assets (NPA) and net NPA stood at at 1.21% and 0.47% respectively at the end of December quarter as against 1.12% and 0.48% in the same period last year.

Bajaj General Insurance's gross written premium in the third quarter rose by 12% to ₹7,389 crore as against ₹6,626 crore in the corresponding period last year.

Bajaj Life Insurance's new business premium for in December quarter advanced 27% to ₹3,501 crore. Retail weighted received premium (RWRP) increased by 20% to ₹1,857 crore.

Group protection new business increased by 29% to ₹785 crore.

The company’s renewal premium for in Q3 rose 21% to ₹4,353 crore and net Value of new business (VNB), a key metric to measure profitability of life insurance business came in at ₹405 crore in an increase of 59% from last year on account of product restructuring, product mix and cost optimisation, Bajaj Finserv said.

As of 2:10 pm, Bajaj Finserv shares traded 0.8% higher at ₹2,029, outperforming the NIFTY50 index which was up 0.2%.

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.

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