Bajaj Finserv Q3 Results: Revenue jumps 24% YoY to Rs 39,708 crore, PAT growth flat

Bajaj Finserv's December quarter consolidated net profit was flat at Rs 2,229 crore compared to Rs 2,231 crore reported in the year-ago period. The profit after tax (PAT) is attributable to the owners of the company.

The company's total revenue from operations stood at Rs 39,708 crore in Q3FY26, up 24% over Rs 32,042 crore posted in the corresponding period of the last financial year.

The bottom line fell marginally by 0.7% quarter-on-quarter versus Rs 2,244 crore in Q2FY26, while the topline grew 6% sequentially compared to Rs 37,403 crore in the July-September quarter of FY26.


The company's interest income in the quarter under review stood at Rs 20,449 crore compared to Rs 19,599 crore in Q2FY26 and Rs 17,409 crore in Q3FY25. This is a 4.3% QoQ and 17% YoY growth.

The company also draws a big chunk of its revenue from premium & other operating income from the insurance business. It stood at Rs 15,770 crore in Q3FY26, down from Rs 15,936 crore in Q2FY26 and up from Rs 13,342 crore in Q3FY25.

Finance and insurance businesses

Bajaj Finance recorded an increase in the customer franchise of 4.76 million and the number of new loans booked of 13.90 million in Q3 FY26. Before the accelerated ECL provision. New Labour Codes and tax thereon, its quarterly consolidated profit after tax increased by 23%. Its subsidiary, BHFL, recorded growth of 21% in profit after tax.

Bajaj General recorded growth of 12% in gross written premium to Rs 7,389 crore in Q3FY26; excluding bulky tender-driven crop, government health, business growth was strong at 17%.

The combined ratio for Q3FY26 was very healthy, 97.9%.

Bajaj Life reinstated growth on Retail Weighted Received Premium at 20% and recorded growth of 59% in value of new business due t o product restructuring. product mix and cost optimisation, in line with its 2.0 strategy of sustainable and profitable growth. The VNB and New Business Margin (NBM at 16.4%) are the highest ever on 9M basis.

Emerging businesses

Bajaj Finserv Asset Management recorded Assets Under Management (AUM) of Rs 30,250 crore as on December 31, 2025.

BFS continues to focus on growing its emerging businesses, which include Bajaj Finserv Health.

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Bajaj Finserv Direct and Bajaj Finserv Asset Management. Losses from these businesses for Q3FY26 were Rs 138 crore, as envisaged.

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