Bajaj Finance Q4FY18E Result Expectation

India Infoline News Service | Mumbai | May 17, 2018 08:59 IST

For the company, Q4FY18 is not expected to be as strong as the seasonally strong Q3FY18, but it would still be better.

Our expectations for Q4FY18E:
  • NII – Rs2,142cr, up ~30% yoy due to higher loan growth
  • PPOP – Rs1,217cr, up ~24% yoy due to higher NII
  • PAT – Rs610cr, up ~34% yoy, due to better PPOP growth
Q3FY18 performance highlights:
  • NII – Rs2369.8cr up by 38.2% yoy, driven by better loan growth of 33% yoy and better NIMs
  • PPOP – Rs1,423cr, improved 38% yoy, due to healthy NII growth of 53% yoy
  • PAT – Rs766.8cr, up 38% yoy due to higher PPOP
Remarks:
  • Bajaj Finance's Q4FY18 is not expected to be as strong as the seasonally strong Q3FY18, but it would still be better.
  • AUM is expected to increase 32% yoy to Rs80,140cr led by consumer finance segment.
  • NIM is expected to decline qoq to ~9.1% from 10.7% in Q3FY18.
  • The asset quality is expected to remain stable.
 

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