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Bajaj Finance Q3: Profitability at all-time high, but weakening macro calls for caution

January 30, 2020 / 11:21 AM IST
Bajaj Finance Q3: Profitability at all-time high, but weakening macro calls for caution

Bajaj Finance down 63 percent from its 52-week high of Rs 4923.20. On May 26, the share price closed at Rs 1829.00

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Bajaj Finance (BFL), one of the largest retail lending NBFCs in India, posted a strong performance in the third quarter of FY20 with its pre-tax profit rising by 33 percent year-on-year (YoY) on solid loan growth and better margins. Net profit increased by 52 percent aided by a lower tax rate. While the lender’s overall performance has been good so far, the Q3 earnings and management commentary indicate that the economic slowdown is fast spilling over to the broader consumption segments. BFL’s...

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