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Bajaj Finserv reported strong Q3 FY2026 consolidated revenue of ₹39,708 Cr, up 23.9% year-on-year. Adjusted profit after tax (before one-offs) increased 31.6% to ₹2,936 Cr, indicating robust underlying business performance. However, reported profit after tax remained flat at ₹2,229 Cr, primarily due to ₹540 Cr in accelerated ECL provisions by Bajaj Finance and a ₹167 Cr charge from new labor codes.
Bajaj Finance led growth, with AUM expanding 22.1% to ₹485,883 Cr, booking 1.39 Cr new loans and adding 48 lakh customers, fueled by its FIN AI initiatives. Bajaj General Insurance ranked first among private players, growing Gross Written Premium (GWP) by 11.5% to ₹7,389 Cr with improved underwriting. Bajaj Life Insurance's Value of New Business (VNB) surged 59.4% to ₹405 Cr, achieving its highest new business margin in a decade.
The group is prioritizing digital and AI transformation across all entities to boost efficiency and customer experience. A key development includes completing the acquisition of Allianz SE's stake in its insurance subsidiaries, streamlining the group structure. The outlook remains focused on sustainable growth and continuous innovation within its diversified financial services portfolio.