NIFTY 50

Bajaj Finance Q2 net may fall 30% year-on-year

Updated : October 20, 2020 05:03 PM IST

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.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you