Bajaj Finance - Elevated Credit Costs Remain a Drag on Earnings
Bajaj Finance (BAF)’s reported PAT in 2QFY25 grew 13% YoY to ~INR40.1b (in line). NII grew 23% YoY to ~INR88.4b (in line). Non-interest income...
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Bajaj Finance - Credit Cost Peaking; Standalone Valuation Turns Attractive; BUY
To reflect the Q2 developments and management commentary, we have adjusted our FY25-27 estimates, which leads to a ~4% cut in earnings.
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Bajaj Finance Ltd - Mixed Q2, Commentary Offering Comfort
Overall operating performance was in line however higher credit (2.1% versus 1.9% q-o-q) was a key dampener resulting in muted earnings growth.
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Bajaj Finance Ltd. - Mixed Quarter; Asset Quality to Recover by Q4FY25!
The management is cautiously optimistic about credit costs having peaked out in the current quarter and improving gradually over H2FY25 (with 2%...
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Bajaj Finance Ltd - Better Times Ahead; Maintain Buy
Moderation in credit costs and stable NIMs would support earnings growth from H2FY25 onwards, however Q2 would see higher credit cost and continued...
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