{"id":128618,"date":"2022-04-27T03:51:54","date_gmt":"2022-04-27T07:51:54","guid":{"rendered":"https:\/\/44.250.171.167\/?p=128618"},"modified":"2022-10-05T06:33:13","modified_gmt":"2022-10-05T10:33:13","slug":"bajaj-finance-ltd-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/bajaj-finance-ltd-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"Bajaj Finance Ltd Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Bajaj Finance Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/BAJFINANCE\/\">BAJFINANCE<\/a>) Q4 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Abhishek Murarka from HSBC asked about the NIM and cost to income outlook for FY23. Rajeev Jain MD said opex to NIM would remain elevated. Eventually it will lead to better OpEx to NIM ratio eventually.<\/li>\n<\/ul>\n<ul>\n<li>Abhishek Murarka from HSBC asked about SME pricing pressure. Rajeev Jain MD replied that the company has been creating significant granularity in the SME business over the last 14 years. BAJFINANCE added that if one hurries up too quickly in this business, one gets hurt and if one does it too slowly, the cost gives in.<\/li>\n<\/ul>\n<ul>\n<li>Apurva Deshmukh from Crisil Limited enquired about the percentage of consumer durable in the stand-alone AUM of Bajaj Finance. Rajeev Jain MD answered that it\u2019s close to INR 20,000 crores in terms of balance sheet of the consumer durable financing. On an aggregate basis, it is 10% of the balance sheet.<\/li>\n<\/ul>\n<ul>\n<li>Apurva Deshmukh from Crisil Limited enquired about the percentage of personal loans individually in the stand-alone AUM of Bajaj Finance. Rajeev Jain MD said it would be INR50,000-odd crores, plus minus.<\/li>\n<\/ul>\n<ul>\n<li>Nischint Chawathe of Kotak Securities asked about the guidance on the total quantum of reward pay out next year in terms of its impact on P&amp;L. Rajeev Jain MD said that for the \u201919, \u201920 year it was in the range of INR 180 crores to INR 200 crores. BAJFINANCE added that there is no need for a specific guidance number, but sales promotion continues to be a discretionary play.<\/li>\n<\/ul>\n<ul>\n<li>Sameer Bhise from JM Financial asked about the payments business from a scale-up perspective. Rajeev Jain MD replied that the focus of the payments business if the company ever wanted to make it viable, is to essentially focus on the franchise.<\/li>\n<\/ul>\n<ul>\n<li>Abhijit Tibrewal of Motilal Oswal asked about the current estimate of the subvention pool market share of 70%. \u00a0Rajeev Jain MD answered that it has remained between 68-70% for the consumer electronics business and has remained between 57% to 59% in the digital business. These are two large categories. In the digital space it has moved up, while in the CD space it\u2019s remained steady.<\/li>\n<\/ul>\n<ul>\n<li>Abhijit Tibrewal of Motilal Oswal asked about the payments business and if it will be accretive to bottom line. Rajeev Jain MD replied that it will never be accretive.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Bajaj Finance Ltd (BAJFINANCE) Q4 FY22 Earnings Concall Q&amp;A Highlights: Abhishek Murarka from HSBC asked about the NIM and cost to income outlook for FY23. Rajeev Jain MD said opex to NIM would remain elevated. Eventually it will lead to better OpEx to NIM ratio eventually. Abhishek Murarka from HSBC asked about [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,1],"tags":[1792],"class_list":["post-128618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-finance-stocks","tag-financial-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":139502,"url":"https:\/\/alphastreet.com\/india\/bajaj-finance-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128618,"position":0},"title":"Bajaj Finance Ltd Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"January 30, 2023","format":false,"excerpt":"Key highlights from Bajaj Finance Ltd (BAJFINANCE) Q3 FY23 Earnings Concall Management Update: [00:09:52] BAJFINANCE said it added 1,300 employees between 2Q and 3Q across the three companies. 3Q23 also witnessed highest ever loan book and new customer additions. Q&A Highlights: [00:29:46] Piran Engineer of CLSA enquired about the company\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":135013,"url":"https:\/\/alphastreet.com\/india\/bajaj-finance-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128618,"position":1},"title":"Bajaj Finance Ltd Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"October 21, 2022","format":false,"excerpt":"Key highlights from Bajaj Finance Ltd (BAJFINANCE) Q2 FY23 Earnings Concall Q&A Highlights: [00:25:36] Hardik Shah of Goldman Sachs enquired about the number of employees in the recovery and collection channel of the total 39,423 headcount for BAJFINANCE. Rajeev Jain MD answered that it\u2019s just a tad below 9,500 people.\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":131815,"url":"https:\/\/alphastreet.com\/india\/bajaj-finance-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128618,"position":2},"title":"Bajaj Finance Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"July 29, 2022","format":false,"excerpt":"Key highlights from Bajaj Finance Ltd (BAJFINANCE) Q1 FY23 Earnings Concall Management Update: BAJFINANCE said it did 7.42 million loans, the highest ever done as a company. Q&A Highlights: Bharat Shah from ASK Investment Managers asked that looking at asset quality, there\u2019s dramatic improvement on GNPA, if it\u2019s actual or\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":168175,"url":"https:\/\/alphastreet.com\/india\/bajfinance-q4-call-highlights-growth-projections-credit-quality-focus-and-nim-stability\/","url_meta":{"origin":128618,"position":3},"title":"BAJFINANCE Q4 Call Highlights: Growth Projections, Credit Quality Focus and NIM Stability!","author":"Praveen","date":"May 1, 2025","format":false,"excerpt":"Bajaj Finance Ltd, a prominent Indian non-banking financial company (NBFC) offering a wide range of financial services, including loans, deposits, and other financial products, in its Q4 earnings call discuss its FY26 outlook, projecting slightly moderated 24-25% growth to prioritize credit quality improvement despite its small 2.14% market share. Management\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":166718,"url":"https:\/\/alphastreet.com\/india\/bajfinance-q3-2024-2025-call-highlights-stable-nims-lower-credit-costs-and-expansion-plans\/","url_meta":{"origin":128618,"position":4},"title":"BAJFINANCE Q3 2024-2025 Call Highlights: Stable NIMs, Lower Credit Costs, and Expansion Plans!","author":"Praveen","date":"February 6, 2025","format":false,"excerpt":"Bajaj Finance Ltd., India's most diversified non-banking finance company, in its Q3 earnings call projected a 25% balance sheet growth and 22-23% profit growth for the upcoming fiscal year, contingent on stable external conditions, while aiming to keep credit costs below 2%. The management discussed strategic adjustments, including reducing exposure\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":129509,"url":"https:\/\/alphastreet.com\/india\/rbl-bank-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128618,"position":5},"title":"RBL Bank Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 13, 2022","format":false,"excerpt":"https:\/\/youtu.be\/CiadgjlIqRo Key highlights from RBL Bank Ltd (RBLBANK) Q4 FY22 Earnings Concall Management Update: RBLBANK said its profitability has been better again in 4Q22, and added that it expects it to improve further in the coming quarters as its interest-earning assets increase, and the composition of retail grows up. Q&A\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=128618"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=128618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=128618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=128618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}