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.

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.

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