Bajaj Finserv Ltd. share price target

ICICI Securities Ltd | Retail Equity Research Bajaj Finserv delivered a healthy earnings performance with limited impact due from implementation of Ind-As Consolidated revenue grew 16% YoY to | 8771 crore, primarily led by finance and GI business. Consolidated PAT grew 41% YoY to | 826 crore, led lending and GI business, partly offset by life insurance Continued strong growth at 35% YoY in AUM led 39% YoY growth in topline. Implementation of Ind-As impacted bottomline growth,...

Financing and general insurance businesses continue to outperform Bajaj Finance (BAF), the financing business and BAGIC, the general insurance arm, both reported strong 1QFY19 numbers while BALIC, the life insurance business could continue to witness muted APE growth owing to the high-base set last year. BAF reported 1QFY19 net profit of INR 8.35bn as per IndAS, up 81% YoY. As per IGAAP, net profit was up 69% YoY at INR 10.18bn. This strong performance was supported by robust customer acquisition and stellar asset quality. BAGIC continued to report best-in-class CORs of 90.2% in 1QFY19 vs. 95.8% last year on the back of retail-focussed product mix and strong distribution. BALIC...

BFS participates in the financing business through its 54.99% holding in Bajaj Finance Limited (BFL), through its 74% holding in two unlisted subsidiaries, Bajaj Allianz General Insurance Company Limited (BAGIC) and Bajaj Allianz Life Insurance Company Limited (BALIC)....

interest income (NII) surging by 40.3% y-o-y to Rs. 721.0 crore. Impressive NII growth was driven by healthy growth in AUM (Rs. 80,444 crore, up 33.6% y-o-y) and expansion in net interest margin (NIM; calculated) by 36 BPS y-o-y to 13.2%, as BFL benefitted from lower cost of funds (CoF) and strong demand-led AUM growth resulting in NIM expansion. Healthy operational parameters,...

ICICI Securities Ltd | Retail Equity Research Consolidated revenue grew 25% YoY to | 8829 crore, primarily led by healthy growth in finance business. LI and GI posted healthy growth in premium at 19% and 22% YoY. Consolidated PAT grew 28% YoY to | 686 crore, led lending business, partly offset by life insurance Continued strong growth at 34% YoY in AUM and 36.5% in topline, supported consolidated PAT. Asset quality continue to remain steady Post slower Q3FY18, growth in GI revived at 22% YoY to | 2764 crore...

ICICI Securities Ltd | Retail Equity Research Consolidated revenues grew a robust 21% YoY to | 7665 crore led by healthy growth in LI and finance business. Consolidated PAT growth was 22% YoY to | 748 crore, led by growth in lending and GI profitability, partly offset by lower growth in life insurance Continued strong growth at 35% YoY in AUM and 31% in topline, supported consolidated PAT. Asset quality continue to remain steady GI premium growth came in lower at 10% YoY to | 1892 crore, led by...

On Wednesday, benchmark indices extended losses for second consecutive session. While the Sensex ended down 151 points at 33,218, Nifty slipped 47 points to 10,303. Major gainers were Tech...

ICICI Securities Ltd | Retail Equity Research Consolidated revenue grew a robust 28% YoY to | 7561 crore led by a strong surge in GI and LI premium income. Consolidated net profit...

ICICI Securities Ltd | Retail Equity Research Consolidated PAT growth came in healthy at 21.9% YoY to | 655 crore, led by strong growth in finance and general insurance business Led by strong advances growth, the commercial finance business continued to see traction with 47% YoY growth in topline at | 2087 crore, providing a boost to the consolidated performance. PBT also increased 42% YoY at | 925 crore General insurance premium growth remained healthy at 29% YoY to...