First, Bajaj Finance is most likely to register vigorous profits in the fourth quarter of 2021-22 (Q4FY22). Many brokerages anticipate that the non-banking finance company (NBFC) may register up to 80 and 35 per cent year-on-year boost in profit and net interest income (NII), especially on the back of improved asset velocity during the quarter. Yes, Securities predicts Bajaj Finance’s returns may surge roughly 80 per cent YoY to Rs 2,423.9 crore, while NII may stream 33 per cent YoY to Rs 6191 crore in Q4FY22.
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NIM (Net Interest Margin) will decline consecutively on AUM mix shifts though it would be higher YoY on lower CoF. Credit cost to be considerably short on deduction in the delinquent corner and decent requirements held across buckets,” YES Securities stated when inquired.
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In line with YES Securities, Nirmal Bang, another brokerage, stays the recoveries of Bajaj Finance, growing 79 per cent YoY to Rs 2,410.7 crore, while its NII may run over 35 per cent YoY to Rs 6,121.3 crore this data belongs to the March-end quarter of FY22.
