Preview: India's Bajaj Finance Q1 profit likely to rise, margins under pressure, say analysts

Bajaj Finance

30/07/2026 06:36

** Bajaj Finance shares BJFN.NS down 1.1% at 1,042.70 rupees
** Seven analysts on average expect Q1 consol profit to rise 25% y/y- LSEG-compiled data 
** BJFN, in pre-quarterly update, reported 24% rise in Q1 assets under management, its fastest in three quarters, benefiting from strong credit demand
** PL Capital says growth aided by traction in new businesses like gold loans and tractor loans 
** Expects net interest margin squeeze on rise in cost of funds; says credit cost at 1.7% from 1.65% in Q4 as stress persists in loans to small and medium businesses (MSME)
** Ambit Capital expects credit cost to rise to 2%, on seasonally high bad loans
** Analysts said MSME segment stress to be key monitorable
** YTD, stock up 5.7% vs Nifty 50's .NSEI 7.2% drop  

(Reporting by Nishit Navin and Kashish Tandon in Bengaluru)
((nishit.navin@thomsonreuters.com))