Bajaj Finance Q4FY18E Result Expectation

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

May 17, 2018 03:05 IST India Infoline News Service

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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