Bajaj Finance Q3 net may grow 17% to Rs 477 cr, NII seen up 20%

Non-banking finance company Bajaj Finance is expected to report a 16.8 percent growth in third quarter profit at Rs 477.1 crore compared with Rs 408.5 crore in year-ago period.

January 30, 2017 / 11:32 IST

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Non-banking finance company Bajaj Finance is expected to report a 16.8 percent growth in third quarter profit at Rs 477.1 crore compared with Rs 408.5 crore in year-ago period.

Net interest income during the quarter is seen rising 19.7 percent to Rs 1,580.7 crore compared with Rs 1,320.3 crore in corresponding quarter of last fiscal, according to analysts polled by CNBC-TV18.

Key things to watch out for would be:-Demonetisation is expected to take a toll on disbursements-Asset under management growth could be lagged from 3-wheeler & consumer durable segment-Collection efficiency data will be seen closely-If gross non-performing assets come below 1.8 percent then that will be positive (against 1.58 percent in Q2)

first published: Jan 30, 2017 09:32 am

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