Bajaj Finance Q4 Review - Well Geared To Embrace Challenges: Prabhudas Lilladher
A customer counts Indian rupee banknotes in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Bajaj Finance Q4 Review - Well Geared To Embrace Challenges: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Bajaj Finance Ltd.’s Q4 FY21 earnings stood broadly in-line with marginal profit after tax miss coming on account of higher expenditure on recovery initiatives. But the company delivered a positive surprise on asset quality.

While continued accelerated write-offs supported non-performing asset decline (107 basis points quarter-on-quarter to 1.8%), bounce rates and collections are back to pre-Covid-19 levels.

Barring auto and mortgages that remained pain-points, the company’s one-time restructuring portfolio (now part of Stage-II) remains under stress.

Click on the attachment to read the full report:

Prabhudas Lilladher Bajaj Finance Q4FY21 Result Review.pdf

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