Navigating stress in B2C; credit costs elevated

Company
24 Jul 2024
5 Min read 
  • Abhijit Tibrewal's analysis of Bajaj Finance includes financials, valuations, and management commentary.
  •  Bajaj Finance's 1QFY25 results show a 14% YoY growth in PAT to ~INR39.1b.
  •  NIM contracted ~23bp QoQ to ~9.8% in 1QFY25.
  •  AUM grew 31% YoY to INR3.5t with robust new customer acquisition.
  •  Credit costs were elevated due to muted collection efficiencies and ECL provisions.
  •  Bajaj Finance's management guided for RoA of ~4.5% -4.7% and AUM growth of 26 -28% for FY25.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority