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    HomeNewsBusinessEarningsBajaj Finance Q2 PAT seen down 1.2% to Rs 419.1 cr: KR Choksey

    Bajaj Finance Q2 PAT seen down 1.2% to Rs 419.1 cr: KR Choksey

    Net Interest Income is expected to increase by 0.8 percent Q-o-Q (up 44 percent Y-o-Y) to Rs 1292.3 crore, according to KR Choksey.

    October 21, 2016 / 17:30 IST
       
       
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      KR Choksey has come out with its second quarter (July-September) earnings estimates for the Financial Services sector. The brokerage house expects Bajaj Finance to report net profit at Rs 419.1 crore, down 1.2 percent quarter-on-quarter.Net Interest Income is expected to increase by 0.8 percent Q-o-Q (up 44 percent Y-o-Y) to Rs 1292.3 crore, according to KR Choksey.

      KR Choksey's report on Bajaj Finance

      With 36%+ robust AUM growth for the quarter and increased margins, NII is set to expand by healthy 44% Y-o-Y. While asset quality is expected to remain stable, QoQ provisions are anticipated to remain on the higher side. PAT at INR 4191 mn should put up strong 50% YoY growth.
      Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      first published: Oct 21, 2016 05:30 pm

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