Bajaj Finance Q2 Preview: Net profit may rise 31% YoY; fund utilisation plan eyed

Bajaj Finance shares rose 3% following the firm's announcement of its consolidated net profit of INR 3,158 crore for the quarter ended 31 March, a 30% YoY increase. Its net interest income surged 28% to INR 7,771 crore YoY, while its assets under management rose 29%. The firm recommended a dividend of INR 30 per share for the year ending March. Analysts largely suggest holding onto the stock while Jefferies maintained its 'buy' rating due to its potential to enter the credit card market and favourable risk-reward outlook.

L&T reported a 46.5% year-on-year (YoY) growth in consolidated net profit for the quarter ended June 2023 to Rs 2,493 crore. Consolidated revenue increased a sharp 34% to Rs 47,882.37 crore. The net profit and sales were way higher than the ET Now poll of Rs 2,138 crore and Rs 41,023 crore, respectively.

Bajaj Finance is seen reporting a 26.3% YoY growth in net profit for the quarter to Rs 3,756 crore, the average of estimates given by eight brokerage firms showed. Kotak Institutional Equities expects the cost-to-average AUM ratio to remain moderate at 4.3% in Q3 FY24 versus 4.3% in Q2 and 4.6% in Q3 a year ago. We pen down credit costs of 1.5% for Q3, similar to the past three quarters.

YES Bank Q3 result preview: YES Bank reported a 12% growth in its advances at Rs 2.17 lakh crore in the third quarter, compared with Rs 1.94 lakh crore in the last year period. On a sequential basis, deposits rose 4%.

Sun Pharmaceutical Industries reported a 17.4% YoY growth in net profit for Q4, beating estimates. Consolidated revenue grew 10% YoY. The company recommended an interim dividend payout. EBITDA rose 16% YoY and margins expanded. Raw material cost fell, but staff cost increased. India formulation sales and US formulation sales grew, while emerging markets formulation sales declined.

IT firm Infosys will release its Q4 results on April 13. In Q3 FY23, the firm reported a 20.2% YoY rise in consolidated revenue to Rs 38,318 crore, while consolidated net profit for the quarter rose 13.4% on year to Rs 6,586 crore.

State Bank of India is expected to report strong growth in net profit for the March quarter, with net interest income rising 26% YoY to Rs 39,352 crore. The lender is also expected to report lower slippages and better recoveries, which will aid the improvement in the asset quality of the bank. SBI has been bringing down bad loans on its books consistently over the past 4-5 years, and in the December quarter, the lender's gross bad loans fell below the Rs

​​Reliance Q3 Results: The profit figure was higher than an ETNow poll of Rs 16,944 crore. Consolidated revenue from operations rose 3.6% YoY to Rs 2.28 lakh crore, a tad lower than the estimated Rs 2.36 lakh crore. EBITDA grew nearly 17% YoY to Rs 44,678 crore, led by growth across all business segments.

Tata Consumer Products reported 3% growth in its consolidated net profit at Rs 338 crore in the July-September period.

The state-owned company reported a 22% fall in its consolidated net profit, which stood at Rs 422.92 crore, compared to the net profit of Rs 542.18 crore recorded in the same quarter of the previous year.