Bajaj Finance shares in focus ahead of Q2FY25 earnings. Here’s what to expect

Shares of Bajaj Finance are expected to remain in focus on Tuesday as the company will be announcing its Q2FY25 earnings later today where it is expected to post a net interest income in the range between Rs 8,810 crore and Rs 9,187 crore for the quarter ended September 30, 2024. This is likely to be an uptick of up to 28% over the corresponding quarter of the previous financial year.

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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