Bajaj Finance reported a profit after tax of four thousand sixty six crore rupees for the third quarter of fiscal year twenty twenty six marking a decline of five point six percent compared to the same period last year. The fall in profit was largely driven by accelerated credit loss provisioning and a one time charge due to new labour code regulations.
The company added fourteen hundred six crore rupees to its expected credit loss provisions as a precaution against potential loan defaults. In addition a regulatory expense of two hundred sixty five crore rupees related to increased gratuity liabilities under the new labour codes impacted the bottom line. Without these adjustments Bajaj Finance's profit would have shown healthy growth indicating that the core business remains strong.
Net interest income grew twenty one percent year on year reaching over eleven thousand three hundred crore rupees supported by expansion of the loan book. Assets under management increased by twenty two percent to approximately four hundred eighty five billion rupees while the customer base grew to over one hundred fifteen million. These figures highlight continued demand for credit and sustained business growth despite short term accounting impacts.
Operating expenses and marginal changes in asset quality also contributed to the subdued profit. However the company continues to maintain a strong balance sheet with healthy coverage for potential credit risks.
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