Bajaj Finance Q2 preview: Profit may jump 29%, NII 24% as strong loan growth lifts earnings
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Bajaj Finance expects a 29% profit jump for the July-September quarter, reaching Rs 6,383 crore.
- ✓Strong loan growth and higher interest income helped the firm, though rising borrowing costs remain a concern.
- ✓The company will announce these results on October 19, following a 26.5% rise in its total assets.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 6 Minute(s)
- Market Focus
- India Economy
Synopsis
Bajaj Finance is projecting a remarkable 29% increase in net profit for the July-September quarter, driven by robust loan demand and a boost in interest income. With a significant rise in assets under management, the demand for its lending products appears strong. Yet, analysts caution about potential pressure on lending margins owing to escalating borrowing costs.
Bajaj Finance is expected to report a 29% year-on-year (YoY) rise in consolidated net profit for the September quarter, supported by strong loan growth and higher interest income, according to an average of estimates from five brokerages. However, rising borrowing costs and pressure on lending margins could partly offset the gains, with analysts closely watching management's commentary on profitability and asset quality.
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The Economic Times
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