NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
Bajaj Finance Ltd.'s Q3 FY24 performance was largely in line with our expectations, Deviation for net interest income / pre-provision operating profit from our estimates stood at -0.2% / -3.5%. Profit after tax was fairly below our estimate by -8.7% on account of the impact of regulatory action and higher-than-expected provisions.
We expect strong assets under management growth of 32%/28% in FY24/FY25, contributed by growth across businesses. Despite a rise in cost of funds, we expect net interest margin to remain stable, offset by higher credit costs in FY24E.
We expect growth in the rural and Urban B2C segments to be tempered down due to asset quality challenges and remain watchful of rising delinquency trends in the portfolio; expect the regulatory ban on digital lending products to be reversed soon.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR