INSUBCONTINENT EXCLUSIVE:
Bajaj Housing Finance is set to announce its Q1 earnings on Wednesday, with the company expected to report strong double-digit year-on-year
net interest income (NII), placing the topline between Rs 827 crore and Rs 851 crore.Kotak Institutional EquitiesKotak estimates the
NII is projected at Rs 827 crore, up 24.4% YoY and 0.5% QoQ.Pre-provision operating profit (PPoP) may stand at Rs 767 crore, rising 19.8%
YoY and 2.3% QoQ.
Live EventsNet interest margin (NIM) is expected at 3.2%, marginally down by 1 basis point YoY and 15 basis points
QoQ.Provisions are likely at Rs 29 crore, showing a sharp 192.7% YoY rise, but declining 0.7% sequentially.In its preview note, Kotak said,
NIM will likely compress 14 bps QoQ to 3.2% as lending rate cuts are only partially offset by benefits on the liabilities side
decline in the cost-to-AAUM ratio to 0.6% in Q1FY26E
declining marginally by 0.4% QoQ
Revenue for the quarter is estimated at Rs 851 crore, up 28% YoY and 3.4% QoQ.EBITDA is seen at Rs 810 crore, up 26.6% YoY and 8.2% QoQ,
driven by operating leverage and improved efficiencies.NIM for the period is pegged at 2.89%, an improvement of 7 basis points YoY, but down
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