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Bajaj Finance Q3 earnings today: AUM growth seen at 35-40%

Updated : January 29, 2019 08:49 AM IST

Bajaj Finance will be reporting its quarterly results on Tuesday and analysts expect good set of numbers this time around.

  • Analysts on street are working with a blockbuster quarter for Bajaj Finance. The key thing to watch will be sustaining the gross non-performing asset (NPA) level which was at 1.49 percent in the previous quarter. Anything below 1.5 percent will be positive.

  • The assets under management (AUM) growth, the loan growth is expected to remain between 35 percent and 40 percent. Last quarter, it was at 38 percent.

  • In this quarter, Bajaj Finance will benefit from the fact that the whole festive season fell into Q3 FY19 unlike Q3 FY18 where half of the festive season came into the quarter. So net interest margins (NIMs) movement will be seen very closely given the fact that liquidity crisis has led to rise in the cost of funds. Sustaining the NIMs at higher level or even in the previous quarter level will be very positive.

  • CNBC-TV18’s poll suggests net interest income (NII) growth of close to 30 percent while net profit can grow at 29 percent.
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