Mumbai, Feb. 4 -- During the quarter, the company and its subsidiaries accounted for one-time charge of Rs 379 crore towards new labour codes released on 21 November 2025. Net impact on consolidated profit of BFS is Rs 540 crore for accelerated ECL provision and Rs 167 crore for new labour codes.

Profit after tax, before accelerated ECL provision, one-time charge of New Labour Code and jumped 32% YoY to Rs 2,229 crore during the quarter.

Bajaj Finserv is the holding company for the various financial services businesses under the Bajaj group. It participates in the financing business through its 51.32% holding in Bajaj Finance Limited (BFL) and in the life, general and health insurance businesses through its 74% holding in two unlisted s...