Toh bhaiyo, Bajaj Finance ne apne Q3 FY26 ke numbers share kiye hain, aur net profit 6% down raha. Iska main reason hai company ka ₹1,400 Crore ka accelerated provisioning. Yeh ekdum se itna paisa side mein rakhna RBI ke naye rules (ECL aur LGD frameworks) ko follow karne ke liye hai, taaki future mein agar koi credit loss ho, toh company ready rahe. Asal mein, yeh 0.3% gross advances ka booking, company ko long term mein aur strong banayega.
Under the Hood: Numbers Kya Kehte Hain?
Chalo, profit dip ko side rakhte hain, asali game toh growth mein hai! Bajaj Finance ka Assets Under Management (AUM) 22% tagda badha hai year-on-year. Aur Net Interest Margins (NIMs) bhi mast 9% ke aas paas stable rahe hain. Return on Equity (RoE) bhi 19.7% par hai, jo kafi solid hai. Toh, bottom line par thoda impact aaya provisioning se, par business toh full speed mein chal raha hai.
Analyst Log Kya Bol Rahe Hain?
Market ke bade log bhi Bajaj Finance ko lekar positive hain. Halanki kuch log 'Hold' rating de rahe hain, par HDFC Securities jaise analysts 'Buy' call de rahe hain aur target price ₹1,070 tak bata rahe hain. Morgan Stanley ne toh ₹1,195 ka target diya hai! Stock abhi ₹964.40 ke aas paas trade kar raha hai, aur target prices se toh kafi upar ka potential dikh raha hai. Experts expect kar rahe hain ki FY27 tak credit costs 1.8% se niche aa jayenge aur MSME segment mein bhi recovery hogi. Is sab ko dekh kar lagta hai ki company apna premium valuation maintain karegi.