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Bajaj Finance shares give up day's gain ahead of Q3 earnings

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Bajaj Finance share price: Bajaj Finance shares declined more than one percent. The NBFC is due to report its Q3 results on Tuesday.

Bajaj Finance shares give up day's gain ahead of Q3 earnings
Bajaj Finance shares gave up initial gains to finish in the red zone on Tuesday, ahead of the non-banking financial company's quarterly earnings due later in the day. The Bajaj Finance stock ended at Rs 7,747.2 apiece on BSE, down 1.3 percent for the day, reversing direction after rising to as high as Rs 7,944.4 apiece during the session.
The company is expected to post a strong set of numbers for the third quarter of the current financial year.
Analysts in a CNBC-TV18 poll expect Bajaj Finance to report a net profit of Rs 2074.6 crore for the December quarter, as against Rs 1,146 crore for the corresponding period a year ago.
They estimate the company's net interest income (NII) at Rs 4,910 crore, up 14.3 percent on a year-on-year basis.
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"For the loan aggregators we interacted with and in their areas of presence, industry volume leader is HDFC Bank among banks and Bajaj Finance among NBFCs," ICICI Securities wrote in a note released over the weekend.
"Bajaj Finance is process-driven with quick turnaround particularly in unsecured lending, personal loans, auto loans, etc. Their payout structure to DSAs is also favourable given the volumes they drive," the brokerage added.
The DSA (direct selling agent) payout structure is linked to volume across players, which means the higher the volume, the higher the payout.
 
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