Bajaj Finance target price: Bajaj Finance shares in focus after Q3 PAT beats estimates. Should you buy, sell or hold?

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Bajaj Finance shares will be in focus on Thursday, January 30, after the company reported a 17% year-on-year (YoY) increase in consolidated net profit for the December quarter. The profit stood at Rs 4,247 crore, compared to Rs 3,639 crore in the same period last year, surpassing ET Now’s poll estimate of Rs 4,227 crore.

The total revenue from operations in Q3FY25 reported by the metal major stood at Rs 16,035 crore which was up by 13% over Rs 14,164 in the corresponding quarter of the previous financial year.


The net interest income (NII) of Bajaj Finance increased by 23% in Q3FY25 to Rs 9,382 crore from 7,655 crore in Q3FY24.

Bajaj Finance's Assets under management (AUM) grew by 28% to 398,043 crore as of December 31, 2024 from 310,968 crore as of December 31, 2023. The AUM grew by 24,119 crore in Q3FY25.


The number of new loans booked in Q3FY25 was highest ever at 12.06 million, the company filing claimed. In the year ago period the company booked 9.86 million new loans which was a growth of 22%.

Also Read: Stocks in news: L&T, Adani Enterprises, Bajaj Finance, Adani Ports, Tata Motors, BlueDartShould you buy, sell, or hold Bajaj Finance's stock? Here's what analysts say:

Nomura

Nomura maintained a 'Buy' rating on Bajaj Finance with a target price of Rs 9,000, up from Rs 8,560.

The brokerage highlighted the company's solid performance across metrics, with stable asset quality and sequentially stable margins supported by improving the cost of funds. Growth in profit after tax (PAT) has been driven by lower credit costs, and the company is expected to sustain its industry-leading growth. Additionally, Bajaj Finance has guided for approximately 25% AUM growth and credit costs below 2% in FY26E.

Also Read: US Fed not in a rush to change course on policy, Jerome Powell says after rate cut pause

Bernstein

Bernstein maintained an 'Underperform' rating on Bajaj Finance with a target price of Rs 6,400.

The brokerage noted that asset quality has not seen further deterioration, while credit costs remain slightly higher than guidance. Despite this, the company is witnessing healthy AUM growth, driven by a revival in the Rural B2C segment. Additionally, the current Managing Director is expected to remain associated with the group in some capacity after his term ends in March 2025.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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