External broker reports(aggregated public sources), Axis Direct

Axis Direct

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External broker reports(aggregated public sources)

Bajaj Finance: Robust Growth However Caution Remains Around Credit Cost

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>NIMs to Benefit From Rate Cut: BAF’s margins are expected to improve by ~10 bps in FY26, driven by a sharp decline in CoF.</li><li>The management expects CoF to settle at 7.6-7.65% in FY25, vs. 7.79% reported in Q1.</li><li>In order to optimise the CoF, BAF plans to reduce its dependence on Deposits and plans to reduce its mix to 15-16% vs 17-19%. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

NIMs to Benefit From Rate Cut: BAF’s margins are expected to improve by ~10 bps in FY26, driven by a sharp decline in CoF.The management expects CoF to settle at 7.6-7.65% in FY25, vs. 7.79% reported in Q1.In order to optimise the CoF, BAF plans to reduce its dependence on Deposits and plans to reduce its mix to 15-16% vs 17-19%. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bajaj Finance Ltd. - NIMs To Expand in FY26, SME Slowdown Could Weigh on Growth!