ICICI Securities pegs NII to jump 22% YoY and 5% on a QoQ basis to Rs 8,810 crore in the July-September quarter. PAT is seen to grow by 15% over Q2FY24 and 4% over Q12FY25 to Rs 4,078 crore.
Meanwhile, PhillipCapital sees revenue uptick at 28% on a YoY basis and 10% on a QoQ basis to Rs 9,187 crore led by 29% YoY growth in its loan book. PAT could rise to Rs 4030 crore in the reporting quarter witnessing a 13.5% YoY jump while a 3% QoQ uptick.
ICICI Securities sees the company’s PPoP at around Rs 7,274 crore which may see a 25% and 5% YoY and QoQ uptick, respectively. Meanwhile net interest margin (NIM) could be at 9.42% in Q2FY25, up by 66 bps YoY and 10 bps lower on a QoQ basis.
Meanwhile, PhillipCapital said that PPoP could be reported at Rs 7,321 crore. This may be a 26% YoY and 5.4% QoQ growth. NIMs are seen at 9.55%, falling by 21 bps over Q2FY24 while rising by 50 bps over April-June quarter.
Motilal Oswal expects Q2FY25 as a steady quarter for Bajaj Finance with healthy customer additions to the franchise. Total customer franchise stood at 9.21 crore, up 20% YoY and 4.5% QoQ while new customer acquisition is expected at 39.8 lakh versus 35.8 lakh YoY.MOFSL’s estimates see a 14% YoY rise in loans booked during the quarter to 97 lakh as against 85 lakh reported in 2QFY24.Deposit book stood at Rs 66,100 crore which is expected to grow 21% YoY and 5% QoQ.
The consolidated liquidity surplus stood at Rs 20,100 crore versus Rs 16,200 crore on a sequential basis. Surplus liquidity stood at 5.4% of AUM versus 4.6% in the April-June quarter. “We believe that the liquidity on the balance sheet was elevated because of a fresh equity raise of Rs 35.6b in the IPO of Bajaj Housing Finance in September,” MOFSL said.
Also Read: Bajaj Housing Finance Q2 Results: Net profit jumps 21% YoY to Rs 546 crore, NII rises 13%
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