Bajaj Finance shares traded largely flat on Wednesday as investors digested the company’s December-quarter results. The non-banking finance company posted a profit slightly below expectations, impacted by higher provisions and one-off expenses, yet core operations showed resilience.
At the NSE, the stock touched an intraday low of Rs 944.15 before recovering to Rs 970.20, up 0.6% around 1.45 pm. Market participants noted steady income growth and improved asset quality as key highlights.
Market Performance
Bajaj Finance’s latest results reflect a stable performance in the stock market today:
- Shares traded: Flat, minor recovery from intraday lows
- Intraday low: Rs 944.15
- Current trading price: Rs 970.20 (+0.6%)
- Investor sentiment: Focused on underlying growth and asset quality
The stock movement indicates investor confidence in the company’s core business, despite near-term profit pressures.
Q3 Earnings Snapshot
The December-quarter financials showed a mix of growth and cautious provisions:
- Consolidated net profit: Rs 4,066 crore, down 6% from Rs 4,308 crore a year ago
- Total income: Rs 21,215 crore, up from Rs 18,058 crore in Q3 FY25
- Assets under management (AUM): Rs 4,88,477 crore vs Rs 3,98,043 crore last year
- Net interest income (NII): Rs 11,317 crore, up from Rs 9,382 crore
Asset Quality & Provisions
Bajaj Finance strengthened its balance sheet with measured provisioning and controlled credit costs:
- Gross NPA: 1.21% (up from 1.12% YoY)
- Net NPA: 0.47% (slight improvement from 0.48% YoY)
- Provisioning coverage ratio: 61% (up from 57% on Stage 3 assets)
The company’s cautious approach to provisioning helped maintain a solid buffer for potential credit risks.
Company Details
Bajaj Finance, one of India’s top non-banking financial companies, is steadily growing its lending and investment portfolio. The latest quarter showcased several key milestones:
- Healthy growth in total income and net interest income
- Steady expansion of AUM, crossing Rs 4.88 lakh crore
- Strong risk management with improved provisioning coverage
These metrics indicate that while quarterly profit dipped, the company remains fundamentally strong.
Summary
Bajaj Finance’s Q3 results present a picture of steady growth with strategic caution. The stock market today sees the share price holding firm despite minor dips in profit. With rising income, expanding assets, and robust credit management, the company continues to reflect resilience in the NBFC sector.
Investors tracking Bajaj Finance share price will likely focus on its expanding footprint and risk-adjusted growth as key indicators for long-term stability.
Source: Moneycontrol
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