bajaj finance Q3 Results
Bajaj Finance Q3 net profit rises 22% on strong loan growth
Assets under management (AUM) grew 35% to ₹3.10 lakh crore during the quarter from ₹2.30 lakh crore a year ago led by a strong growth in two- and three-wheeler finance, urban loans and SME lending.
Bajaj Finance Q3 Results: Profit jumps 22% YoY to Rs 3,639 cr; NII rises 29%
Bajaj Finance Ltd on Monday reported 22% growth in its consolidated net profit at Rs 3,639 crore for the third quarter ended December 2023, which is slightly below the expectations. The profit stood at Rs 2,973 crore in the last-year period. Net interest income for the reporting period increased 29% to Rs 7,655 crore from Rs 5,922 crore in the same period of last year. Bajaj Finance Q3 Results: Profit jumps 22% YoY to Rs 3,639 cr; NII rises 29%
Bajaj Finance Q3 results today: Here’s all Dalal Street needs to know before announcement
Bajaj Finance is set to release its quarterly earnings, with analysts expecting strong double-digit growth in earnings driven by healthy loan growth, higher margins, and moderate costs. The company's provisional updates showed a strong growth in assets under management (AUM) and new loan disbursements.
Q3 results today: ITC, Bajaj Finance among 88 companies to announce earnings on Monday
ITC Ltd is expected to announce its December quarter results on Monday. The company is likely to report a steady volume growth in both cigarettes and non-cigarette FMCG business, as well as strong traction in the hotel segment. However, the agri and paper and paperboards businesses may have been sluggish, restraining overall revenue growth. Analysts estimate a nearly 5% YoY growth in revenue to Rs 17,016 crore, a 2.5% YoY increase in EBITDA to Rs 6,378 crore, and a 2% growth in profit to Rs 5,137 crore.
Bajaj Finance Q3 Preview: PAT may rise 26% YoY led by robust loan growth, firm margins
Bajaj Finance is seen reporting a 26.3% YoY growth in net profit for the quarter to Rs 3,756 crore, the average of estimates given by eight brokerage firms showed. Kotak Institutional Equities expects the cost-to-average AUM ratio to remain moderate at 4.3% in Q3 FY24 versus 4.3% in Q2 and 4.6% in Q3 a year ago. We pen down credit costs of 1.5% for Q3, similar to the past three quarters.
Q3 results this week: ITC, Adani Ports, Bajaj Finance, IndiGo, SBI, Tata Motors and others
ITC, Bajaj Finance, NTPC, Adani Green Energy, Bharat Electronics, Punjab National Bank, GAIL, Bharat Petroleum, Corporation, Vodafone Idea, Marico, Petronet LNG, Nippon Life India Asset Management, Tata Investment Corporation, Piramal Enterprises, R R Kabel, Aditya Birla Sun Life AMC, Maharashtra Seamless, Nuvoco Vistas Corporation, Godfrey Phillips India, among others will report their December quarter numbers on Jan 29
Bajaj Finance Q3 Results: Net profit rises 22% YoY to Rs 3,639 crore, but misses estimates
Bajaj Finance Q3 Results: Net interest income for the reporting period increased 29% to Rs 7,655 crore from Rs 5,922 crore in the same period of last year. The net total income jumped 25% year-on-year to Rs 9,298 crore in the October-December period, compared with Rs 7,438 crore in the corresponding period of last year.
Bajaj Finserv Q3 profit soars 42% YoY to Rs 1,782 cr; Bajaj Finance reports 40% jump in Q3 PAT
Bajaj Finserv on Monday reported a consolidated net profit of Rs 1,782 crore, up about 42% over previous year's profit of Rs 1,256 crore. Total income during the quarter rose 23% to Rs 21,755 crore as compared to Rs 17,620 crore a year ago. Bajaj Finance on Friday reported a 40% YoY rise in net profit to Rs 2,973 crore.Bajaj Finserv Q3 profit soars 42% YoY to Rs 1,782 cr; Bajaj Finance reports 40% jump in Q3 PAT
Bajaj Finance shares climb over 4% post Q3 results. What should investors do?
The company reported a stronger core topline and efficiencies drove earnings. The company raised earnings estimates by 5-6% and see 26% CAGR profit over FY23-25. The growth trajectory remains strong, said Jefferies.
Bajaj Finance Q3 profit jumps 40% YoY to Rs 2,973 crore
The consolidated results include the earnings of its wholly owned subsidiaries -- Bajaj Housing Finance, Bajaj Financial Securities, and its associate company Snapwork Technologies.The asset quality of the non-banking finance company improved with gross non-performing assets falling to 1.14% at the end of December against 1.73% a year back. Net NPA was at 0.41% against 0.78%.
Bajaj Finance Q3 Results: Profit rises 40% YoY to Rs 2,973 crore, beats estimates
New loans booked during the quarter were the highest ever at 7.84 million, the company said. The total assets under management (AUM) as of December 31 stood at Rs 2.31 lakh crore, 27% higher than the year-ago period.
Bajaj Finance Q3 results: PAT jumps 84% YoY to Rs 1934 cr; interest income rises 27%
NBFC giant Bajaj Finance on Monday said its standalone net profits for the quarter ended December increased 84.42 per cent to Rs 1933.85 crore from Rs 1048.58 crore in the corresponding quarter last year. The company said its interest income rose 27.38 per cent year-on-year (YoY) to Rs 6335 crore from Rs 4973 crore in the same quarter a year ago. Bajaj Finance said consolidated profit after tax rose 85.42 per cent to Rs 2,125 crore from Rs 1,146 crore.Bajaj Finance Q3 results: PAT jumps 84% YoY to Rs 1934 cr; interest income rises 27%
Bajaj Finance Q3 results: Net profit jumps 84% to Rs 1934 cr; asset quality improves
Bajaj Finance said its interest income rose 27.38 per cent year-on-year (YoY) to Rs 6335 crore from Rs 4973 crore in the same quarter a year ago.
Bajaj Finance Q3 Results Preview: Analysts expect strong profit growth, stable asset quality
“NII is expected to grow 33 per cent YoY to Rs 5,700 crore. NIMs are expected to rise with both consumer and mortgage book seen witnessing strong growth,” said analysts at ICICIdirect.
Bajaj Finance Q3 results: Profit falls 29% on slow loan growth
Consumer lending company Bajaj Finance said its net profit declined 29% in the third quarter as loan growth remained weak and the firm had to also reverse some interest income.Profit shrank to Rs 1,146 crore from Rs 1,614 crore a year ago. Bajaj Finance's gross NPA stood at 0.55% down from 1.61% a year ago. Bajaj Finance Q3 results: Profit falls 29% on slow loan growth
Bajaj Finance Q3 results: Profit falls on slow loan growth, high provisions
Profit shrank to Rs 1,146 crore from Rs 1,614 crore a year ago. New loans booked during the quarter at 6.04 million were lower than the 7.67 million a year ago.
Bajaj Finance Q3 results: Net profit falls 29% to Rs 1,146 cr; provisions, bad loans rise
Net Interest Income (NII) for the quarter was Rs 4,296 crore as against Rs 4,535 crore in the year ago quarter, registering a drop of 5.27 per cent.
Bajaj Finance Q3 profit jumps 54% YoY to Rs 1,060 crore on 48% rise in revenue
The company had reported Rs 690 crore profit in the year-ago period.
Bajaj Finance Q3 results preview: Profit may rise 50-60%; watch out for commentary on Karvy issue
Sharekhan expects NII to rise 34.5 per cent to Rs 4,303 crore from Rs 3,199 crore YoY.
Bajaj Finance shares plunge 5% on Q3 asset quality woes. Should you buy?
Shares of Bajaj Finance dropped nearly 5% on the NSE after reporting higher loan losses and provisions for the quarter. Macquarie reiterated 'Neutral' stance, while Jefferies and PhillipCapital gave 'Buy' ratings. Bajaj Finance's Q3 consolidated net profit grew 22% YoY to Rs 3,639 crore, slightly below expectations. Macquarie expects credit costs to increase as delinquencies normalize. Jefferies maintains 'Buy' rating with a target of Rs 9,400, citing strong AUM growth and better NIMs.
