Bajaj Finserv Q3FY26 results: Net profit remains flat at ₹2,229 crore
Higher provisioning and a one-time charge linked to new labour codes kept Bajaj Finserv's consolidated net profit flat at ₹2,229 crore in the December quarter
 "Bajaj Finserv Q3FY26 results: Net profit remains flat at ₹2,229 crore")
Bajaj Finserv on Wednesday reported a consolidated net profit of ₹2,229 crore in the October–December quarter of 2025-26 (Q3FY26), flat compared to the ₹2,231 crore in Q3FY25, due to accelerated provisioning and one-time charge due to the new labour Codes.
Its profit would have jumped 32 per cent year-on-year (Y-o-Y) to ₹2,936 crore if not for the exceptional items. Net impact on its Q3 consolidated profit is ₹540 crore due to accelerated expected credit loss (ECL) provision and ₹167 crore for the labour Codes.
Bajaj Finserv owns a 51.32 per cent stake in Bajaj Finance. It holds 74 per cent in two unlisted subsidiaries, Bajaj General Insurance and Bajaj Life Insurance.
Bajaj Finance, India’s largest private sector shadow lender, reported a 6 per cent decline Y-o-Y in consolidated net profit at ₹4,066 crore for Q3FY26, weighed down by accelerated credit provisions and a one-time charge related to the implementation of the labour Codes.
During the quarter under review, the lender made an ECL provision of ₹1,406 crore after strengthening its provisioning framework by introducing a minimum loss-given-default floor across businesses. It also took a one-time exceptional charge of ₹65 crore towards higher gratuity liabilities arising from the labour Codes.
Excluding these one-off items and related tax impact, consolidated net profit rose 23 per cent Y-o-Y at ₹5,317 crore, aided by robust income growth, despite a 9 per cent Y-o-Y increase in loan loss provisions.
Meanwhile, Bajaj General Insurance reported a net profit of ₹399 crore in Q3FY26. Before one-time charge of the new labour Codes, its net profit increased by 8 per cent at ₹430 crore. The gross written premium of Bajaj General in Q3 increased 12 per cent to ₹7,389 crore. Separately, Bajaj Life Insurance reported a loss of ₹31 crore in Q3.