Bajaj Finserv Q3 Revenue Rises 24% While Net Profit Remains Flat; Bajaj Finance Profit Declines 6%

Bajaj Finserv reported a flat consolidated net profit of Rs 2,229 crore in Q3 FY26, despite a 24% year-on-year rise in revenue to Rs 39,708 crore, driven by growth in lending and insurance businesses. Bajaj Finance's net profit declined 6% to Rs 3,978 crore due to higher credit provisions and a one-time charge related to new labour codes. Assets under management grew over 20% year-on-year, while asset quality showed slight improvement. Excluding one-offs, core profits rose about 23%, reflecting steady operational momentum amid increased competition and conservative provisioning.