ADVERTISEMENT

Bajaj Finance Q4 Review - Long Term Prospects Intact: ICICI Direct

Bajaj Finance Q4 Review - Long Term Prospects Intact: ICICI Direct

A customer holds Indian rupee notes at a store in the Dadar wholesale flower market in Mumbai. (Photographer Dhiraj Singh/Bloomberg)
A customer holds Indian rupee notes at a store in the Dadar wholesale flower market in Mumbai. (Photographer Dhiraj Singh/Bloomberg)

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. posted a steady set of numbers on the business and operational front with QoQ improvement in assets under management, profitability being boosted by lower provisions.

With high frequency risk, collections not warranting risk stance change guidance remains the same. Hence, it is a welcome sign.

During the quarter, assets under management growth on a sequential basis was at a multi quarter high of 6.5% at Rs 152,947 crore led by 6.1% QoQ rise in mortgage book, while small medium enterprise, business-to-consumer and securities lending also showed respectable growth.

Click on the attachment to read the full report:

ICICI Direct Bajaj Finance Q4FY21 Result Review.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.