Bajaj Finance Q3 FY26 Profit Breakdown: PBT Surges but Exceptional Charges Trim Net Gains
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Strong PBT Growth: Profit before tax (PBT), excluding accelerated ECL provision and one-time New Labour Code charge, rose 23% YoY to ₹7,102 crore from ₹5,765 crore in Q3 FY25.
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ECL Provisioning: An accelerated Expected Credit Loss (ECL) provision of ₹1,406 crore was implemented to enhance balance sheet resilience amid volatile economic conditions.
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One-Time Labour Code Charge: A one-time exceptional expense of ₹265 crore was recorded due to increased gratuity liabilities arising from past service costs under the new Labour Codes.
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Adjusted Net Profit: After accounting for the accelerated ECL provision and the one-time Labour Code charge, consolidated net profit declined 6% YoY to ₹4,066 crore.
Bajaj Finance Q3 FY26 Key Metrics: Growth, Efficiency, and Strong Capital Position
| Metric | Q3 FY26 | Q3 FY25 / Previous | Change / Notes |
|---|---|---|---|
| Net Interest Income (NII) | ₹11,317 crore | ₹9,382 crore | +21% YoY |
| Operating Expenses / Net Total Income | 32.8% | 33.1% | Improved efficiency |
| New Loans Booked | 13.90 million | 12.06 million | +15% YoY |
| AUM before Accelerated ECL Provision | ₹485,883 crore | ₹398,043 crore | +22% (+₹23,622 crore) |
| Gross NPA | 1.21% | 1.12% | Slight increase |
| Net NPA | 0.47% | 0.48% | Improved slightly |
| Provisioning Coverage Ratio (Stage 3) | 61% | – | Maintained coverage |
| CRAR (including Tier-II) | 21.45% | – | Strong capital adequacy |
| Tier-I Capital | 20.60% | – | Solid buffer |
Bajaj Finance Share Price Steadies at ₹963.80 Amid Market Caution
Bajaj Finance shares are maintaining their suspenseful effect on investors. The stock, which closed at ₹962.15 on BSE, reached ₹963.80 by 12:30 PM after decreasing by ₹0.60, representing a 0.062% drop. The financial institution operates at its normal capacity while showing positive signs of growth according to its operational performance metrics.