Bajaj Finserv has reported its Q3FY26 consolidated financial results, showing marginal decline in net profit despite strong revenue growth. The financial services company posted consolidated net profit of ₹2,229 crore compared to ₹2,231 crore in Q3FY25, while total income increased by 24% to ₹39,708 crore from ₹32,042 crore in the corresponding quarter of the previous year.

Financial Performance Overview

The company's Q3FY26 results were impacted by one-time charges including accelerated ECL provision of ₹1,406 crore by subsidiary Bajaj Finance and New Labour Codes charge of ₹379 crore. Before these exceptional items, the consolidated profit after tax would have been ₹2,936 crore, representing a 32% increase over Q3FY25.

Subsidiary Performance

Bajaj Finance Limited recorded consolidated profit after tax of ₹3,978 crore in Q3FY26. Before the accelerated ECL provision and New Labour Codes charge, the profit would have been ₹5,227 crore, marking a 23% increase over Q3FY25. The company's Assets Under Management grew 22% to ₹4,84,477 crore as on 31 December 2025.

Bajaj General Insurance reported 12% growth in gross written premium to ₹7,389 crore, with profit after tax of ₹399 crore. The combined ratio improved to 97.9% from 101.1% in Q3FY25, indicating better underwriting performance.

Bajaj Life Insurance achieved 59% growth in Value of New Business (VNB) to ₹405 crore, driven by product restructuring and cost optimization. Gross written premium increased 23% to ₹7,854 crore.

Corporate Developments

On 8 January 2026, Bajaj Finserv completed acquisition of 23% equity stake from Allianz SE in its insurance subsidiaries for ₹939.29 crore. Post-acquisition, the company now holds 75.01% stake in each of Bajaj General Insurance and Bajaj Life Insurance, with the Bajaj Group collectively holding 97% stake.

Nine Months Performance

For the nine months ended 31 December 2025, consolidated total income increased 16% to ₹1,12,562 crore, while profit after tax grew 12% to ₹7,262 crore. Before exceptional items, the nine-month profit would have been ₹7,969 crore, representing 23% growth over the corresponding period.

The Board also approved issuance of 27,36,768 equity shares to Bajaj Finserv ESOP Trust under the employee stock option scheme. The company maintains strong capital adequacy with Bajaj Finance's CRAR at 21.45% and both insurance subsidiaries maintaining solvency ratios well above regulatory requirements.

Bajaj Finserv Limited executed a major block trade on the National Stock Exchange (NSE), marking a significant institutional transaction in the financial services sector. The block deal involved a substantial volume of shares traded at a predetermined price.

Transaction Details

The block trade encompassed key parameters that highlight the scale of the institutional activity:

Block Trade Significance

Block trades represent large-volume transactions typically executed by institutional investors, mutual funds, or other significant market participants. These transactions are conducted outside the regular market to minimize price impact and ensure efficient execution of substantial orders.

The execution of this block trade indicates active institutional participation in Bajaj Finserv's stock, reflecting the company's continued relevance in institutional investment portfolios. Such transactions often signal strategic portfolio adjustments or investment decisions by large financial entities.

Market Activity

The transaction value of Rs. 76.79 crores demonstrates the substantial nature of this institutional activity. Block trades of this magnitude typically involve careful coordination between market participants and are executed through specialized trading mechanisms designed to handle large volumes efficiently.