Q3 2026 Bajaj Finance Ltd Earnings Call Transcript

Feb 3, 2026 / 12:30 PM GMT

Release Date Price: ₹964.75 (+6.68%)

Transcript

Key Points

Positve

Bajaj Finance Ltd (BOM:500034) reported a strong core performance with a 23% growth in both core profit and PAT.
The company's AUM grew by INR23,622 crores, indicating robust business expansion.
Net NPA was maintained at a low level of 47 basis points, showcasing effective risk management.
The company added 4.76 million new customers, expanding its customer base significantly.
Bajaj Finance Ltd (BOM:500034) is leveraging AI to enhance operational efficiency, with AI-driven initiatives showing promising results in customer engagement and operational processes.

Negative

The company took a one-time exceptional charge of INR265 crores due to the new labor code, which will have an annualized impact of INR100-125 crores.
The MSME business growth was slowed down due to strategic decisions, impacting overall growth projections.
The company implemented a permanent change in provisioning, which will have a cascading impact on future credit costs.
The captive 2-wheeler financing book is winding down, affecting the company's growth outlook.
Despite strong core performance, the adjusted PBT degrew by 6% after accounting for one-time charges.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BJFN.NS - Bajaj Finance Ltd
Q3 2026 Bajaj Finance Ltd Earnings Call
Feb 03, 2026 / 12:30PM GMT

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Conference Call Participants
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* Subramanian Iyer
* Rajeev Jain
* Viral Shah
* Sandeep Jain
* Abhijit Tibrewal
* Piran Engineer
* Abhishek Murarka
* Shreya Shivani
* Chintan Joshi

=====================
Presentation
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Operator [1]
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Ladies and gentlemen, good evening, and welcome to Bajaj Finance Limited Q3 FY26 Earnings Call hosted by Morgan Stanley. This event is not the members of the press. If you are a member of the press, please disconnect and reach out separately. For important disclosures, please see the Morgan Stanley disclosure website at www.morganstanley.com/researchdisclosures. Please note that this call and your questions will be recorded and may in certain

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