Bajaj Finance Q3: NII Up 21%, Profit Misses Estimates Due to Higher Provisions

• Bajaj Finance reported a net profit of ₹4,066 crore for Q3 FY26, missing Street estimates and down 5.6% year-on-year.
• Net interest income (NII) grew 20.6% year-on-year to ₹11,318 crore, aligning with expectations.
• Profit was impacted by an accelerated expected credit loss provision of ₹1,406 crore due to a new provisioning framework.
• A one-time exceptional charge of ₹265 crore was booked for higher gratuity liabilities.
• Loan growth remained strong with 1.39 crore new loans booked, and Assets Under Management (AUM) grew 22% YoY to ₹4.84 lakh crore.

Why It Matters: Bajaj Finance's Q3 saw strong NII and loan growth, but profit fell short due to increased provisions.