BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Bajaj Finance Ltd. reported an in line performance with elevated Covid-19 provisions, lower opex that enabled higher-than-expected operating profit and standstill status kept asset quality stable.
The moratorium book came down from 15.7% in the previous quarter to 8.0% in September 2020.
Consolidated asset under management witnessed growth of 1% YoY to Rs 137300 crore, declining 1% sequentially.
AUM for mortgage segment increased 15% YoY from highs of 30-40% in the past and was flat QoQ to Rs 45989 crore as of September 30, 2020.
Consumer B2B fell 6% QoQ, 19%YoY to Rs 20605 crore. Consumer B2C de-grew 3% QoQ but remained just up 5% YoY.
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