Apart from the above Ceat, Capital Finance Bank, CDG Petchem, CFF Fluid Control, Cil Securities, Delphi World Money, De Nora India, Escorp Asset Management, Fedbank Financial Services among others will also declare their results.
Bajaj Finance Q4 expectations
Bajaj Finance is likely to post a healthy performance for the quarter ended March 2025, aided by strong loan growth across consumer, SME, and rural lending segments. The company’s focus on expanding its customer base and cross-sell opportunities is expected to drive robust disbursement volumes.According to brokerage estimates, Bajaj Finance’s net interest income (NII) is likely to grow by 23–24% year-on-year (YoY) in Q4, supported by higher loan book expansion. Meanwhile, profit after tax (PAT) is expected to rise around 18% YoY, even as rising cost of funds and competitive pressure may weigh marginally on margins.
The company’s AUM is estimated to have expanded by 31–32% YoY, reflecting strong demand for unsecured loans, two-wheeler finance, and personal loans. Motilal Oswal highlighted that Bajaj Finance’s diversified presence across secured and unsecured segments positions it well for sustained growth despite macro uncertainties.
Margins are expected to witness a slight compression sequentially, driven by higher borrowing costs and a changing product mix. However, Kotak pointed out that margins should remain healthy given the strong pricing power in consumer finance and commercial lending businesses.
Bajaj Finance’s customer acquisition run-rate remained robust during the quarter, supporting new loan bookings and enhancing fee income growth. Both Kotak and Motilal emphasized that digital initiatives and strengthening of the payments ecosystem would aid future cross-sell opportunities and help maintain profitability despite rising competition.
Asset quality is expected to remain broadly stable, supported by strong collection efficiencies across products. Analysts expect the gross non-performing asset (GNPA) ratio to remain flat or show a marginal improvement sequentially, with credit costs staying within the guided range.
Investor focus will remain on management commentary around incremental cost of funds, deposit traction, and trends in unsecured loan stress, if any.
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