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Bajaj Finance Q4 show stable, progress on digital plans will drive the stock

Bajaj Finance's funding profile keeps getting better and is well diversified

April 28, 2021 / 10:56 AM IST
Bajaj Finance Q4 show stable, progress on digital plans will drive the stock

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) (CMP: Rs 4,874; MCAP: Rs 293,668 crore) has posted stable earnings for the last quarter of FY21, indicating normalisation of business activities. Net profit in Q4 FY21 showed an increase of 42 per cent mainly due to a lower base as the same quarter last year was much impacted by the outbreak of the pandemic. On an annual basis, net profit declined by 16 per cent as provisions for credit losses soared in FY21. While earnings were...

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