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Larsen & Toubro, Adani Enterprises, Adani Ports and Special Economic Zone, Bajaj Finserv, Shree Cement, GAIL (India), Bank of Baroda, PB Fintech, AAVAS Financiers, Astral, Bharat Electronics, Biocon, CARE Ratings, Coromandel International, Dabur India, Indegene, Jindal Steel & Power, Kalyan Jewellers India, Dr Lal PathLabs, Navin Fluorine International, Phoenix Mills, Prestige Estates Projects, Voltamp Transformers, and Waaree Energies will declare their results later today. Stocks to Watch:
Tata Motors reported a 22.41% decline in consolidated net profit to Rs 5,451 crore despite of 2.71% rise in revenue from operations to Rs 113,575 crore in Q3 FY25 over Q3 FY24.
Bajaj Finance’s consolidated net profit jumped 18% to Rs 4308 crore in Q3 FY25 as compared with Rs 3,639 crore in Q3 FY24. Net interest income (NII) increased 23% YoY to Rs 9,382 crore in Q3 FY25.
Allied Blenders & Distilleries reported consolidated net profit of Rs 57.46 crore in Q3 FY25 compared with a net loss of Rs 4.42 crore in Q3 FY24. Revenue from operations (excluding excise duty) increased 8.84% to Rs 973.94 crore in Q3 FY25.
Aarti Drugs’ consolidated net profit rose 1% to Rs 37.1 crore in Q3 FY25 as compared with Rs 36.7 crore in Q3 FY24. Revenue from operations fell 8.2% YoY to Rs 557 crore in the quarter ended 31st December 2024.
GR Infraprojects has emerged as the L-1 bidder for a project worth Rs 262.3 crore from Western Railways. The project involves the EPC tender for gauge conversion of 38.9 km of track and associated work from Kosamba to Umarpada at the Kosamba-Umarpada section in the Vadodara division of Western Railways.
JK Cements has executed an agreement with Gujarat Mineral Development Corporation (GMDC) to supply 250 million tonnes (MT) of Limestone. This will help the company for consolidating in the West market in the near future.
The consolidated results of Bajaj Finance include the results of its wholly owned subsidiaries, Bajaj Housing Finance (BHFL), Bajaj Financial Securities (BFinsec), and its associate company, Snapwork Technologies.
Operating expenses rose 23% to Rs 3,868 crore in Q3 FY25 as compared with Rs 3,156 crore posted in the corresponding quarter last year.
Net interest income jumped 23% to Rs 9,382 crore for Q3 FY25 from Rs 7,655 crore in Q3 FY24. Operating expenses to net interest income for Q3 FY25 were 33.1%, as against 33.9% in Q3 FY24.
Loan losses and provisions during the quarter amounted to Rs 2,043 crore (up 63.70% YoY).
Profit before tax in Q3 FY25 stood at Rs 5,765 crore, up 18% from Rs 4,896 crore posted in Q3 FY24.
The number of new loans booked during the quarter grew by 22% to 12.06 million as against 9.86 million in Q3 FY24.
Customer franchise stood at 97.12 million as of 31 December 2024 as compared to 80.41 million as of 31 December 2023, up of 21% YoY. In Q3 FY25, the company recorded the highest ever quarterly increase in its customer franchise of 5.03 million.
The NBFC’s consolidated deposits book jumped 19% YoY and stood at Rs 68,797 crore as of 31 December 2024.
Assets under management (AUM) grew by 28% to Rs 3,98,043 crore as of 31 December 2024 from Rs 3,10,968 crore as of 31 December 2023. AUM grew by 24,119 crore in Q3 FY25.
On the asset quality front, gross NPA and net NPA as of 31 December 2024 stood at 1.12% and 0.48%, respectively, as against 0.95% and 0.37% as of 31 December 2023. The company has a provisioning coverage ratio of 57% on stage 3 assets as of 31 December 2024.
The NBFC's annualized return on average assets (ROA) stood at 4.5% in Q3 FY25 as compared with 4.9% reported in Q3 FY24. Return on average equity (ROE) stood at 19.1% in the third quarter of FY25 as compared with 22% posted in Q3 FY24.
Capital adequacy ratio (including Tier-II capital) as of 31 December 2024 was 21.57%. The Tier-I capital was 20.79%.
Meanwhile, the company’s board has approved the appointment of Ajay Kumar Choudhary as an independent director of the company for a period of 5 years, effective from 1 February 2025.
Bajaj Finance is one of India’s leading and most diversified financial services companies. The company is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME, and commercial customers with a significant presence.
Bajaj Finance Ltd rose for a third straight session today. The stock is quoting at Rs 7950.35, up 2.46% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.42% on the day, quoting at 23261.2. The Sensex is at 76748.82, up 0.28%. Bajaj Finance Ltd has added around 16.52% in last one month.
Meanwhile, Nifty Financial Services index of which Bajaj Finance Ltd is a constituent, has added around 1.65% in last one month and is currently quoting at 23044.95, up 0.34% on the day. The volume in the stock stood at 45.88 lakh shares today, compared to the daily average of 10.93 lakh shares in last one month.
The benchmark January futures contract for the stock is quoting at Rs 7927.9, up 2.47% on the day. Bajaj Finance Ltd is up 15.85% in last one year as compared to a 7.07% gain in NIFTY and a 12.81% gain in the Nifty Financial Services index.
The PE of the stock is 35.29 based on TTM earnings ending September 24.