BAJFINANCE / Q3-FY25 / claim-ledger

Audit the questions that mattered.

Bajaj Finance · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ3-FY25 · 2025-01-15Back to quarter ↗

Questions audited

11

Answered directly

77%

Numeric claims

1

Consistency

contradicted

Question ledger

What was answered, and how?

Kunal Shah · Citigroup

partial

Confidence in credit cost trending lower and FY26 guidance

December and so far January have been better. December was better on collection efficiencies. ... if Q4 is in range of 2-2.05%, then clearly next year number is sub 2% is what I would say.

Kunal Shah · Citigroup

direct

Management transition roadmap after 12 months of plan

We laid down a comprehensive 15-month transition plan, Kunal. We are 12 months into it. ... We expect the board to take a view on the way forward by Q4.

Antariksha Banerjee · ICICI Prudential

partial

Debt management costs, headcount, and viability of small-ticket collections

We added close to 4,000 people in Q1 and Q2 in debt management. ... 20,000 people are in debt management, but they are all managers. ... 48% of the collection is still physical.

Antariksha Banerjee · ICICI Prudential

direct

Size of non-Bajaj franchise lendable customer base in Airtel partnership

Roughly about 200 million is the set we are targeting, which does not overlap with BFF.

Antariksha Banerjee · ICICI Prudential

direct

Has risk pricing improved in high-ticket personal loans?

Pricing has not changed. I mean, in fact, anyway, as the credit growth has slowed, the pricing pressure across the board has further intensified only.

Piran Engineer · CLSA

partial

1DPD formation trends across portfolios – stabilized or improved?

Urban B2B remains pretty strong. ... Urban B2C, default rates are lower, collection efficiencies are still lower. ... SME lending had, from April to October, had gone up significantly. ... November, December is back to, at this point in time, the best ever that we have seen in the last two years.

Piran Engineer · CLSA

direct

Disconnect between SME amber rating and 40% growth

It's at 98.67% current in an MSME book. It used to be at 99%. ... last three months, we've cut the business by 30%. Growth is 31%, right? It's not 40.

Viral Shah · IIFL Securities

direct

Reconcile used car caution with accelerating business statement

New car is accelerating. Used car is, ... elevated losses are mostly in the refinance, and that's where we have taken sharp cuts. ... sale purchase is not a problem.

Chintan Joshi · Autonomous

partial

AUM growth outlook for next 12 months and NIM drivers

We would like to grow on a consolidated basis. Balance sheet should grow by 25%. ... we don't see more than 4-5 basis points play on cost of fund in the next year.

Shubhranshu Mishra · PhillipCapital

direct

Timeline for converting to a bank, management transition, fee income growth

We've said we would like to remain a non-bank. ... matter will be reviewed by NRC of the board by March. ... on the fee income growth, I would say, given the environment, we would remain in the current state.

Bharat Shah · ASK Investment Managers

partial

When will profit growth outpace AUM growth again (rising crescendo)?

One part of the symphony which is at play is credit cost. ... as that churns through, we as managers are clear. ... one, two quarters maximum, we have stabilized from increasing.