Bajaj Finance shares in downtrendHighlightsRobust loan growth, margins moderate furtherSome stress in rural portfolio, provisions riseOperating leverage playing outValuation richBajaj Finance (BFL) (CMP: Rs 7,294; MCAP: Rs 451,489 crore; Rating: Sell) posted mixed performance in the fourth quarter of FY24 (Q4 FY24).
Net profit increased 21 percent year on year (YoY) in Q4 FY24, lower than the usual growth pace of over 25-28 percent.
While asset growth was strong, net profit was pulled back by higher provisions with stress
Bajaj Finance shares in downtrend
Highlights
Robust loan growth, margins moderate further
Some stress in rural portfolio, provisions rise
Operating leverage playing out
Valuation rich
Bajaj Finance (BFL) (CMP: Rs 7,294; MCAP: Rs 451,489 crore; Rating: Sell) posted mixed performance in the fourth quarter of FY24 (Q4 FY24). Net profit increased 21 percent year on year (YoY) in Q4 FY24, lower than the usual growth pace of over 25-28 percent. While asset growth was strong, net profit was pulled back by higher provisions with stress
