Bajaj Finance Q3 Profit Dips 5.6% Despite Strong NII Growth; Shares Rally

• Bajaj Finance reported a net profit of Rs 4,066 crore in Q3 FY26, a 5.6% year-on-year decline.
• Net Interest Income (NII) surged by 20.6% to Rs 11,318 crore, indicating robust core lending performance.
• Profit was impacted by an additional Expected Credit Loss (ECL) provision of Rs 1,406 crore and a one-time gratuity charge of Rs 265 crore.
• The company added 47.6 lakh new customers and booked 1.39 crore new loans, with AUM growing 22% to Rs 4.84 lakh crore.
• Asset quality remained stable with Gross NPA at 1.21% and Net NPA at 0.47%; Capital Adequacy Ratio strong at 21.45%.

Why It Matters: Bajaj Finance's Q3 profit fell due to higher provisions, but strong NII and loan growth signal underlying strength.