Bajaj Finserv Ltd. share price forecast

Bajaj Finserv has posted 3% decline in the net profit to Rs 1255.79 crore in the quarter ended December 2021 (Q3FY2022). The income from operation increased 10% to Rs 17586.74 crore in Q3FY2022. Overall OPM has increased to 33.00% in Q3FY2022 from 32.33% in Q3FY2021,...

...

Bajaj Finserv has posted 14% growth in the net profit to Rs 1122.13 crore in the quarter ended September 2021 (Q2FY2022). The income from operation increased 17.98% to Rs 17657.86 crore as on 30 September 2021. The revenue of Insurance (55.73% of total revenues) segment has gone up 20.63% to Rs 10,285.38 crore. The revenue of Windmill (0.06% of total revenues)...

...

Bajaj Finserv Q1 results: PAT falls 31% YoY to Rs 833 crore hit by Covid 2.0 The income from operation of Bajaj Finserv declined 2% to Rs 13949.45 crore as on 30 June 2021. Overall OPM eased to 29.32% as on 30 June 2021 from 35.85% as on 30 June 2020,...

...

Consolidated AUM witnessed QoQ growth of 4% YoY to | 152947 crore, led by mortgages. NII remained broadly flat YoY at | 4,659 crore. Lower provision at | 1230 crore led to higher earnings at | 1346 crore, up 42% YoY and 18% QoQ. Asset quality has synced with proforma GNPA, NNPA by Q4 reaching at 1.79%, 0.75% (post ~| 2000 crore i.e. 1.3% write-off in Q4) from proforma GNPA, NNPA of 2.86%, 1.22%, respectively, in Q3FY21. Gross written premium (GWP) in general insurance increased 5% YoY to | 2787 crore. Excluding crop insurance, GWP increased 10% YoY to | 2663...

Consolidated AUM witnessed QoQ growth of 4% YoY to | 143550 crore, declining 1% YoY. NII declined 4% YoY to | 4296 crore, led by subdued AUM traction and interest reversal of 450 crore. Elevated provision at | 1351 crore impacted earnings which came at | 1146 crore; down 25% YoY and up 19% QoQ. Headline NPA numbers showed improvement led by standstill, however, proforma GNPA surged to 2.86% with PCR at 65%. Gross written premium in general insurance increased by 11% YoY to | 3392 crore, led by uptick in crop insurance. Crop insurance increased to | 655...

Even the life insurance business witnessed some moderation, with profit declining to Rs 118 crore from Rs 143 crore in the September-December quarter of the previous financial year. However, the general insurance business recorded a profit of Rs 330 crore as against Rs 191...

Bajaj Finance's AUM is expected to grow at 21% CAGR to | 210734 crore in FY21-23E. Improvement in NII and moderation in provisions (management guidance of 160-180 bps in FY22E) are seen keeping PAT growth at 36% CAGR in FY21-23E to | 7644 crore. RoE is seen returning to ~15% and RoA at 2.2% in FY22E. As per the management, post March, April 2021 when normalcy is likely to be achieved: 1) growth is expected to accelerate to 2527% (we factor in 20% growth in FY22E) and 2) credit costs for FY22E to be lower at 160-180 bps of average loans (we factor in 210 bps). Improved awareness and product innovation are seen keeping individual...

Bajaj Finserv slips after Q2 PAT declines 18% YoY, below estimates Consolidated total income stood at Rs 15049.48 crore in Q2 September 2020, grew nearly 6% from Rs 14221.86 crore in the same period last year. Consolidated profit before tax (PBT) stood at Rs 2,156 crore in Q2 September 2020, falling nearly 18% from Rs 2,626 crore in the same...

PAT/PPOP and NII did not grow on a sequential basis. AUM fell marginally sequentially and were up 1% YoY as the new loans booked were 3.62 million as against 6.47 million in Q2 FY20. The provisions were almost at the same level as the last quarter at INR 1,700 Cr, higher by 0.9% QoQ despite the unlock and improvement in business activity. The asset quality remained stable with GNPA at ~1.34%, down 30bps QoQ. This is excluding the Supreme Court's (SC) standstill. With the order under consideration, reported GNPA were 1.03% and NNPA at 0.37% with PCR at 64%. However the provisions for stage 1 and stage 2 stood at INR 1,370 Cr, lower by merely 4% QoQ. The AUM grew 1% YoY, with only commercial...