The 16 reports from 5 analysts offering long term price targets
for Bajaj Finserv Ltd. have an average target of 8731.25. The consensus estimate
represents an upside of 1.10%
from the last price of 8636.10.
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...
Bajaj Finserv's (BFS; holding company) results for Q2FY2021 were mixed; Income from operations came above estimates, but PAT declined by 19.9% y-o-y (below estimates). Lending business, Bajaj Finance Limited's (BFL) Q2FY2021 results were mixed. Operational numbers were in-line with estimates and asset quality improved sequentially. However,...
Bajaj Finserv (BFS; holding company) saw consolidated net profit in Q1FY21 rise by 43.7% to Rs. 1,215 crore, while revenue increased by 15.6% y-o-y to Rs. 14,190 crore, which were better than expectations, mainly on the back of strong earnings from its insurance subsidiaries. The lending subsidiary Bajaj Finance Ltd (BFL) reported mixed numbers for Q1FY20, with tepid business growth, but a q-o-q improvement in asset quality and a decline in moratorium share to 15.7% of AUM from 27%, was a positive. Assets under management (AUM) stood at Rs. 138,055 crore, down 6% q-o-q due to steps like more stringent loan-to-value (LTV) ratios, tightened credit filters, etc....
Bajaj Finserv Q1 FY21, PAT jumps 44% to 1215 cr, above estimates Bajaj Finserv (BFS) is the holding company for the various financial services businesses under the Bajaj group. BFS holds 52.82% stake in Bajaj Finance and 74% stake in Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company. Total income of the company for the June quarter rose to Rs 14,192.01 crore, up 15.64 per cent from Rs 12,272.26 crore. Profit before tax (PBT) stood at Rs 2,568.08 crore in Q1 FY21, up by 13.9% from Rs 2,255.24 crore in Q1 FY20. Total tax expense fell 19.37% YoY to Rs 645.86 crore during the quarter. PAT stood at Rs. 1215.15 crore, up by 43.74%....
Valuation and Outlook: Valuation for the firm is done by SOTP on target of Rs. 3878 for BAF at 1 yearforward P/BV of 5.7x, Rs. 38 6 for BAGIC, and Rs. 175 for BALIC with consideration of holding company discount with 20% to reach Bajaj Finserv equity target price at Rs.8722 with upside potential of 37%. We rate the stock as BUY'.
Strong Insurance Performance; Lending Arm Equipped to Withstand COVID-19 Shock: In Q4FY20, Bajaj FinServ reported consolidated PAT of Rs. 1.9 Bn, down 77% YoY owing to the following COVID19 related impacts
Stong Insurance Performance; Lending Arm Equipped toWithstand COVID-19 Shock: In Q4FY20, Bajaj FinServ reported consol PAT of Rs. 1.9 Bn, down 77% YoY owing to the following COVID19 related impacts, a) MTM losses on BAGIC & BALIC investments of Rs. 7.7 Bn and b) contingency provision of Rs. 9.0 Bn made by lending arm, Bajaj Finance (BAF).
In general insurance, gross written premium (GWP) accretion declined 22% YoY to | 2655 crore, primarily led by lower crop insurance business. GWP, excluding crop insurance, declined ~4% YoY to | 2414 crore. Claim ratio came lower at 62.1% vs. 75.5% in Q4FY19, largely due to lower crop claims. Accordingly, combined ratio improved to 93.8% in Q4FY20 vs 103.9% in Q4FY19. Thus, underwriting profit jumped to | 159 crore. Investment income remained healthy at | 255 crore. In Q4FY20, BAGIC recognized | 53 crore of impairment related to stressed bonds (total provision in FY20 at |...
Bajaj Finance's profit after tax (PAT) for Q4 FY20 stood at Rs 948 crore in Q4 March 2020, down by 19.38% from Rs 1,176 crore in Q4 March 2019. It has made a pre-tax provision of Rs 900 crore in the form of contingency provision on account of the impact of COVID-19....
Bajaj Finserv reported 32.3% jump in consolidated net profit to Rs 1,125.64 crore on a 30.7% surge in total income to Rs 14,560.74 crore in Q3 December 2019 over Q3 December 2018. Consolidated profit before tax soared 18.1% to Rs 2,627.16 crore in Q3 December 2019 as against Rs 2,224.02 crore in Q3 December 2018, aided by 19.18% reduction in tax expense as they fell to Rs 649.11 crore paid during this quarter as compared to Rs 803.22 crore paid in the...
Bajaj Finserv reported 32.3% jump in consolidated net profit to Rs 1,125.64 crore on a 30.7% surge in total income to Rs 14,560.74 crore in Q3 December 2019 over Q3 December 2018. Consolidated profit before tax soared 18.1% to Rs 2,627.16 crore in Q3 December 2019 as against Rs 2,224.02 crore in Q3 December 2018, aided by 19.18% reduction in tax expense as they fell to Rs 649.11 crore paid during this quarter as compared to Rs 803.22 crore paid in the...
Bajaj Finserv delivered a healthy performance in terms of topline across segments. The only hit was a higher claim in the general insurance business, which was partly offset by higher investment income. Strong business model reporting underwriting profit with <100% combined ratio & extensive retail focus, enables general insurance segment to report RoE>24%. Premium accretion in general insurance remained healthy with growth at 20% YoY to | 3055 crore, primarily led by crop insurance. Excluding crop insurance, premium growth was at 10% YoY to | 2663 crore....
group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance and retirement and savings solutions. More specifically, the areas of business are Lending and Protection and Savings. Bajaj Finserv has three key financial sector businesses: (i) lending Sector Outlook through Bajaj Finance Ltd. (BFL), (ii) general insurance, under Bajaj Allianz General Insurance Com- Stock...
We view Bajaj Finserv (BFIN) as a play on fast growing consumer finance, and the high growth potential/underpenetrated insurance business in India. Its three subsidiaries, namely the lending arm of Bajaj Finance (BAF), and the insurance subsidiaries are strong domain leaders in their...
Total revenues during the quarter jumped by 46.6 per cent to Rs 14221.86 crore, as against Rs 9698.14 crore in the year-ago period. Bajaj Finserv Limited (BFS) is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers in the financial services space by providing solutions for asset acquisition through financing, asset protection through general...
