Religare Retail Research report on Bajaj Finance
Bajaj Finance Q4FY24 net interest income increased by 4.7% QoQ/28.1% YoY to Rs 8,013cr despite declining margins. The growth in topline was mainly the interest income (5.6% QoQ/34.4% YoY) and fees and commission income (2.6% QoQ/15.3% YoY). Operating expenses increased by 4.6% QoQ/24.3% YoY, thus, pre-provision operating profit grew by 4.4% QoQ/25.4% YoY to Rs 6,412cr. PAT was reported with a growth of 5.1% QoQ/21.1% YoY to Rs 3,825cr as the NBFC company increased its provisions by 4.9% QoQ/52.4% YoY.
Outlook
Bajaj Finance Q4FY24 net interest income increased by 4.7% QoQ/28.1% YoY to Rs 8,013cr despite declining margins. The growth in topline was mainly the interest income (5.6% QoQ/34.4% YoY) and fees and commission income (2.6% QoQ/15.3% YoY). Operating expenses increased by 4.6% QoQ/24.3% YoY, thus, pre-provision operating profit grew by 4.4% QoQ/25.4% YoY to Rs 6,412cr. PAT was reported with a growth of 5.1% QoQ/21.1% YoY to Rs 3,825cr as the NBFC company increased its provisions by 4.9% QoQ/52.4% YoY.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
