Bajaj Finance shares fall 8% after Q2 results revealed a 22% rise in net profit to ₹4,875 crore and 24% AUM growth. Despite strong numbers, the stock fell as the firm cut its AUM growth guidance and reported higher NPAs, though analysts stayed optimistic.
Bajaj Finance is in the limelight due to the release of its Q2 results, which showed strong top-line growth but at the same time raised concerns regarding asset quality and growth guidance. The non-banking financial firm had collected a net profit of around ₹4,875 crores for straight three months that ended on September 30. There was a 22% increase compared to the previous year.
The Assets Under Management (AUM)
The quarter saw a rise in the gross non-performing assets (NPAs) Bajaj Finance
Also Read: Lenskart Shares List at 3% Discount: IPO Falls Short of Grey Market Estimates
For example, one global broker affirmed an ‘Overweight’ recommendation and a target price of around ₹1,195 by considering the company’s efficiency improvements and anticipated credit-cost normalisation. Another one not only upped its target to ₹1,200 but also projected a consistent return on assets and cost control, which would lead to a Compound Annual Growth Rate (CAGR) of 28% in EPS for FY26-28.
