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homevideos Newsearnings NewsBajaj Finance Q3 earnings today: Net profit likely to grow 44%

Bajaj Finance Q3 earnings today: Net profit likely to grow 44%

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By Abhishek Kothari  Jan 29, 2020 8:41:26 AM IST (Published)

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Financial services company Bajaj Finance is set to declare its third-quarter results today and it is expected to be a good quarter for the company. Here are the key expectations:

  • The company has raised about Rs 8,500 crore in Q3 which should aid in controlling the cost of funds.
  • The assets under management (AUM) growth is at 35 percent, an 8-quarter low. However, its customer acquisition remains strong.
  • The number of loans disbursed jumped sharply by 19 percent quarter-on-quarter when compared to a de-growth in Q2. So, sustaining the gross non-performing assets (NPA) below 1.6-1.65 percent will be positive.
  • CNBC-TV18 poll suggests net interest income (NII) growth of 11 percent YoY while the net profit is expected to be up about 44 percent on a YoY basis.
  • For Bajaj Finserv, general insurance business momentum should remain strong. In Q2 the premium growth was over 55 percent.
    • Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

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    Assets Under ManagementBajaj FinanceBajaj finance Q3 earningsBajaj FinservEarnings previewNet profit

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