NBFC major Bajaj Finance will be reporting its Q2 earnings tomorrow. The net interest margin may decline on YoY basis. Provisions as guided by management is expected to remain elevated.
The management commentary with respect to future outlook in terms of provisions and loan growth is what the street is looking at very closely. A CNBC-TV18 poll has estimated net interest income (NII) for the quarter to be down by about 7 percent year-on-year and 10.5 percent sequentially.
Net profit is seen down 30 percent YoY and up about 10 percent sequentially.