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Informist, Tuesday, Feb. 3, 2026

 

By Kabir Sharma

 

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--Bajaj Finance: consol deposits at INR 710.37 bln on Dec 31, up 3% on yr 
--Bajaj Finance capital adequacy ratio 21.45% on Dec 31 
--Bajaj Finance Q3 consol net interest income INR 113.17 bln, up 21% on yr 
--Bajaj Finance consol AUM at INR 4.86 tln on Dec 31, up 22% on year 
--Bajaj Finance consol provision coverage ratio 61% on Dec 31 
--Bajaj Finance consol net NPA ratio 0.47% on Dec 31 
--Bajaj Finance consol gross NPA ratio 1.21% on Dec 31 
--Bajaj Finance Oct-Dec profit excluding labour code impact INR 42.43 bln 
--Bajaj Finance Apr-Dec consol revenue INR 609.17 bln vs INR 512.27 bln yr ago 
--Bajaj Finance Apr-Dec consol PAT INR 135.53 bln vs INR 121.58 bln year ago 
--Bajaj Finance Oct-Dec consol revenue INR 212.14 bln vs INR 180.35 bln yr ago 
--Bajaj Finance Oct-Dec labour codes implementation cost INR 2.65 bln 
--Bajaj Finance Oct-Dec consol PAT INR 39.78 bln vs INR 42.47 bln year ago 
--Analysts saw Bajaj Finance Oct-Dec consol revenue at INR 116.33 bln 
--Bajaj Finance Oct-Dec consol revenue INR 212.14 bln 
--Analysts saw Bajaj Finance Oct-Dec consol net profit at INR 51.83 bln 
--Bajaj Finance Oct-Dec consol net profit INR 39.78 bln

 

MUMBAI – A surge in impairments on financial instruments, which led to a rise in expenses, weighed on Bajaj Finance Ltd.'s bottom line for the December quarter. A fall in other operating income also added to the woes of the non-bank financier and led to a fall in net profit for the first time in 19 quarters. 

 

Bajaj Finance reported a consolidated net profit of INR 39.78 billion for the December quarter, down over 6% on year and over 18% sequentially. The company missed Street expectations of INR 51.83 billion net profit by a wide margin. The bottom line was even lower than the lowest net profit estimate of INR 44.53 billion.

 

The financier took a one-time hit of INR 2.65 billion due to the implementation of the new labour codes. Excluding this, the company would have reported a net profit of INR 42.43 billion. Its consolidated revenue for the quarter rose 17.6% on year to INR 212.14 billion.  

 

During the quarter, the company implemented a minimum loss-given-default floor across businesses. Accordingly, it made an accelerated expected credit loss provision of INR 14.06 billion, which weighed on the bottom line. 

 

The lender's consolidated assets under management grew 22% on year to INR 4.86 trillion as of Dec. 31. The assets under management increased by INR 236.22 billion in the December quarter. The sharp rise in assets under management was supported by an increase in the number of new loans booked. The quantum of new loans in Oct-Dec rose 15% on year to 13.90 million. The deposits book of the lender stood at INR 710.37 billion as of Dec. 31. Deposits contributed to 17% of consolidated borrowings as of Dec. 31.

 

The financier's customer franchise stood at 115.40 million as of Dec. 31, a growth of 19% on year. Customer franchise grew 4.76 million in the reporting quarter. 

 

Net interest income  — its core income — increased 21% in the December quarter to INR 113.17 billion. Operating expenses-to-net income ratio was 32.8% as against 33.1% a year ago.

 

Gross non-performing assets ratio and net non-performing assets ratio as of Dec. 31 stood at 1.21% and 0.47%, respectively, as against 1.12% and 0.48% year ago. The provisioning coverage ratio on stage three assets was 61%. Capital adequacy ratio (including Tier-II capital) was 21.45% as of Dec. 31.

 

In Oct-Dec, the cost of funds was at 7.45%, an improvement of 7 basis points over the previous quarter. Cost of funds is expected to be 7.55-7.60% in FY26, the company said.

For Apr-Dec, the company reported an 11.5% on-year increase in net profit to INR 135.53 billion. Revenue for the period rose almost 19% to INR 609.17 billion. Shares of the company ended 6.7% higher at INR 964.40 on the National Stock Exchange on Tuesday.  End

 

Edited by Tanima Banerjee

 

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