{"id":135013,"date":"2022-10-21T04:00:42","date_gmt":"2022-10-21T08:00:42","guid":{"rendered":"https:\/\/44.250.171.167\/?p=135013"},"modified":"2022-10-21T04:00:44","modified_gmt":"2022-10-21T08:00:44","slug":"bajaj-finance-ltd-q2-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/bajaj-finance-ltd-q2-fy23-earnings-conference-call-insights\/","title":{"rendered":"Bajaj Finance Ltd Q2 FY23 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>) Q2 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[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.<\/li>\n<\/ul>\n<ul>\n<li>[00:25:58] Hardik Shah of Goldman Sachs also asked about growth plans for next few years with the inclusion in the upper layer category of NBFCs. Rajeev Jain MD replied that BAJFINANCE doesn\u2019t foresee any change in the growth outlook as a company.<\/li>\n<\/ul>\n<ul>\n<li>[00:26:50] Saurabh Bajaj from J.P. Morgan enquired about subvention market share behavior at the store. Rajeev Jain MD said that the company is doing everything to defend its market share. The company added that as the lender numbers increased from 4 to 16, BAJFINANCE has lost some share.<\/li>\n<\/ul>\n<ul>\n<li>[00:26:58] Saurabh Bajaj with J.P. Morgan asked about the average ticket size of loans syndicated on the mall side. Rajeev Jain MD answered that average ticket size doesn\u2019t change and the company still doesn\u2019t offer smaller accessories.<\/li>\n<\/ul>\n<ul>\n<li>[00:29:41] Saurabh Bajaj of J.P. Morgan asked that from where the company saw market share loss, if it\u2019s from fintechs or banks. Rajeev Jain MD said that the company is not seeing fintechs, but it\u2019s mostly lenders.<\/li>\n<\/ul>\n<ul>\n<li>[00:30:23] Sameer Bhise with JM Financial queried about overshooting the guided range of ROA and ROE for last three quarters. \u00a0Rajeev Jain MD answered that BAJFINANCE wants to compound and deliver a 19-21% ROE on a sustainable basis. BAJFINANCE is going through a super normal profitability zone of lower interest rates, stronger momentum and lower credit cost currently.<\/li>\n<\/ul>\n<ul>\n<li>[00:40:58] Umang Shah from Kotak Mutual Fund asked that in the context of digital expansion, how relevant is geo expansion for BAJFINANCE. Rajeev Jain MD clarified that it\u2019s very economic and added that the company will remain omnipresent only. Cash and debt management infrastructure will remain relevant as long as BAJFINANCE is in credit business.<\/li>\n<\/ul>\n<ul>\n<li>[00:45:01] Piran Engineer with CLSA enquired about BAJFINANCE home loan strategy, with rates offered 30, 40 bps lower than competitors. \u00a0Rajeev Jain MD answered that home loans is as much psychology business as it&#8217;s business.<\/li>\n<\/ul>\n<ul>\n<li>[00:49:31] Piran Engineer with CLSA asked about the app business metrics of 100,000 for 2Q23. Sandeep Jain CFO clarified that 100,000 are the number of customers who have procured digital EMI card from the app. Of the total 664,000, 100,000 came from the app and 564,000 came through web, which is all digital.<\/li>\n<\/ul>\n<ul>\n<li>[00:51:55] Nidhesh Jain of Investec enquired about the yield on urban B2C and rural B2C portfolios. Rajeev Jain MD said that BAJFINANCE don&#8217;t publish effective yield because that may change. At a fundamental level, if the mix change of the cohort, the net yield on that would change.<\/li>\n<\/ul>\n<ul>\n<li>[00:57:31] Shweta Daptardar from Elara Capital asked about the modus operandi behind adding, on an avg., 20 odd branches every quarter. Rajeev Jain MD said that one should expect to see more infrastructure rollout in this space over the next 6-8 months. The reason is that fundamentally it&#8217;s reached a point where principally it cannot sit in the existing branch.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Bajaj Finance Ltd (BAJFINANCE) Q2 FY23 Earnings Concall Q&amp;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. [00:25:58] Hardik Shah of Goldman [&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":"Bajaj Finance Ltd Q2 FY23 Earnings Conference Call Insights #BAJFINANCE #BajajFinance #Q2 #FY23 #Earnings #Stocks","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":[1792,10390],"class_list":["post-135013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-finance-stocks","tag-financial-services","tag-retail-loan"],"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":131815,"url":"https:\/\/alphastreet.com\/india\/bajaj-finance-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":135013,"position":0},"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":139502,"url":"https:\/\/alphastreet.com\/india\/bajaj-finance-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":135013,"position":1},"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":128618,"url":"https:\/\/alphastreet.com\/india\/bajaj-finance-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":135013,"position":2},"title":"Bajaj Finance Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"April 27, 2022","format":false,"excerpt":"Key highlights from Bajaj Finance Ltd (BAJFINANCE) Q4 FY22 Earnings Concall Q&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\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":166718,"url":"https:\/\/alphastreet.com\/india\/bajfinance-q3-2024-2025-call-highlights-stable-nims-lower-credit-costs-and-expansion-plans\/","url_meta":{"origin":135013,"position":3},"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":168175,"url":"https:\/\/alphastreet.com\/india\/bajfinance-q4-call-highlights-growth-projections-credit-quality-focus-and-nim-stability\/","url_meta":{"origin":135013,"position":4},"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":139396,"url":"https:\/\/alphastreet.com\/india\/infographic-bajaj-finance-ltd-nse-bajfinance-q3-fy23-results-out\/","url_meta":{"origin":135013,"position":5},"title":"Infographic| Bajaj Finance Ltd.(NSE: BAJFINANCE)| Q3 FY23 Results Out.","author":"Divyansh_Kasana","date":"January 27, 2023","format":false,"excerpt":"Bajaj Finance Limited(NSE: BAJFINANCE) is a non-banking financial company (NBFC) based in India. It offers a wide range of financial products and services including personal loans, home loans, business loans, and consumer durable loans, as well as fixed deposits, wealth management services, and insurance products. The company operates through a\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/9bbed8f9-0df2-4539-a073-404747fa93e6-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/9bbed8f9-0df2-4539-a073-404747fa93e6-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/9bbed8f9-0df2-4539-a073-404747fa93e6-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/9bbed8f9-0df2-4539-a073-404747fa93e6-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/9bbed8f9-0df2-4539-a073-404747fa93e6-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/9bbed8f9-0df2-4539-a073-404747fa93e6-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135013","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=135013"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135013\/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=135013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=135013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=135013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}