Bajaj Finance will be reporting its Q3 results on Today and analysts expect good set of numbers this time.
Analysts on the street are working with a block-buster quarter for Bajaj Finance. Focus on watching sustaining the gross non-performing asset (NPA) level which was at 1.49 % in the previous quarter. Anything below 1.5 % will be positive.
The assets under management (AUM) growth, the loan growth is expected to remain between 35 % and 40 %. Last quarter, it was at 38 %.
In this quarter, Bajaj Finance will benefit from the fact that the whole festive season fell into Q3 Financial Year 2019 unlike Q3 Financial Year 2018 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 of itslevel or even in the previous quarter level will be very positive.
According to CNBC-TV18’s poll net interest income (NII) growth of close to 30 % while net profit can grow at 29 %.
Have a Nice Day ahead !!
Feel Free to Call Us: 6232995233
OR
Visit : www.TheGRSsolution.com
