Bajaj Finance: Q1 disappoints, but its outperformer tag likely to stay

The Street will likely monitor the NPA ratios that surged in the June quarter

Bajaj Finance Limited (BFL), a leading NBFC with a wide footprint declared Q1, 2021-22 results, which were below expectations with higher NPAs. The advisory says, in the absence of a Third Wave, growth will rebound to pre-covid levels.

The consolidated operating revenue of Rs 6,741 crore is marginally better YoY than Rs 6,648 crore in Q1, 2020-21 and marginally lower QoQ than Rs 6,850 crore in Q4, 2020-21. Consolidated results include results of subsidiaries Bajaj Housing Finance (BHFL) and Bajaj Financial Securities (BFinsec).

Profit before tax was Rs 1,366 crore, which was again, marginally better YoY than Rs 1,310 crore,