Bajaj Finance Q1 – First Cut …NII ahead of expectation…. Net p | Motilal Oswal Research

Bajaj Finance Q1 – First Cut …NII ahead of expectation…. Net profit below expectation on account of higher provision

·   Net profit Rs1000cr (up 4% YoY) – expectation Rs1373cr

·   GNPA 2.96% vs 1.4%

·   Provision Rs1750cr (up 4% YoY) – expectation Rs1500cr

·   Interest Income Rs4490cr – expectation Rs3910cr