Bajaj Finance Q1 2024 Financial Overview and Projections
Monday, 22 July 2024, 09:06
Bajaj Finance Q1 2024 Financial Overview
Bajaj Finance is set to report impressive outcomes for the June 2024 quarter, reflecting strong growth across key financial metrics. Analysts project a 16% increase in PAT, which **highlights** the company's profitability trajectory.
Key Financial Highlights
- 26% growth in net interest income (NII)
- 10% more new loans issued
- Projected 30% increase in assets under management (AUM)
- March profits reported at Rs 3,824 crore
Market Insights
- Stable C-I ratio according to Axis
- Kotak's expectation of **10% NIM** for the upcoming period
- Motilal's figures reveal **31% AUM growth YoY**
- 7% QoQ loan growth alongside 4.1% cost-to-AUM
- 34% CIR and 1.7% credit costs.
With these robust indicators, Bajaj Finance stands poised for solid performance as it enters the next quarter. This growth is indicative of the company’s successful strategy in navigating current market conditions and fulfilling consumer demands.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.