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Last Updated : Oct 27, 2016 10:54 AM IST | Source: CNBC-TV18

Bajaj Finance Q2 profit, net interest income seen up 45%

Non-banking finance company Bajaj Finance is expected to report stellar performance in July-September quarter. Profit is likely to jump 44.5 percent year-on-year to Rs 403.6 crore during the quarter, according to analysts polled by CNBC-TV18.

 
 
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Non-banking finance company Bajaj Finance is expected to report stellar performance in July-September quarter. Profit is likely to jump 44.5 percent year-on-year to Rs 403.6 crore during the quarter, according to analysts polled by CNBC-TV18.


Net interest income in Q2 may grow 45.8 percent to Rs 1,308.4 crore compared with Rs 897.4 crore in same period last year.


Analysts say if gross non-performing assets come below 1.7 percent (against 1.47 percent in Q1) and asset under management at 35-40 percent (against 39.5 percent in Q1) then that will be positive.

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Key things to watch out for:
-Commentary on rural economy
-Commentary with respect to new product on small ticket consumption spends
-Festive season & pay-commission related outlook
-Bajaj Finance borrows 50 percent via bonds and commercial papers
-Wholesale rates declined significantly in Q2 that may aid margin
-However, changing product mix can impact yields, and margin too

First Published on Oct 27, 2016 10:54 am
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