{"id":139502,"date":"2023-01-30T09:54:42","date_gmt":"2023-01-30T14:54:42","guid":{"rendered":"https:\/\/44.250.171.167\/?p=139502"},"modified":"2023-01-30T09:54:43","modified_gmt":"2023-01-30T14:54:43","slug":"bajaj-finance-ltd-q3-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/bajaj-finance-ltd-q3-fy23-earnings-conference-call-insights\/","title":{"rendered":"Bajaj Finance Ltd Q3 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>) Q3 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>[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.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:29:46] Piran Engineer of CLSA enquired about the company looking to hire 3,000 to 4,000 engineers, if it\u2019s for Bajaj Finance or Finserv. Rajeev Jain MD answered that for the current year, BAJFINANCE hired 650 engineers from colleges in BFL. So next year, the company foresees to add about 1,000 people next year.<\/li>\n<\/ul>\n<ul>\n<li>[00:33:04] Piran Engineer of CLSA asked if the company can sell DBS credit card to an RBL customer and vice versa. Sandeep Jain CFO answered that as a governance rule it cannot be cross sold. However, if the customer has closed the card on either side, after a cooling period it can be sold.<\/li>\n<\/ul>\n<ul>\n<li>[00:37:50] Abhishek Murarka of HSBC enquired why as a long term plan, conversion of the company into a bank is not part of it. Rajeev Jain MD answered that there is no plan to convert into a bank and BAJFINANCE\u2019s current performance does not give any reason to become one.<\/li>\n<\/ul>\n<ul>\n<li>[00:39:28] Abhishek Murarka of HSBC queried about decline in fees and commission expenses despite strong growth in new loans booked, customer acquisition, and sequential AUM. . Sandeep Jain CFO it\u2019s IndAS based accounting. So the origination cost doesn\u2019t fit in opex, it gets amortized along with income.<\/li>\n<\/ul>\n<ul>\n<li>[00:44:58] Harshvardhan Agrawal of IDFC asked what percentage of the book will be PSL compliant. Rajeev Jain MD answered that the company doesn\u2019t track it. And if it was tracked it will be anywhere between 14-16% on a consolidated basis.<\/li>\n<\/ul>\n<ul>\n<li>[00:45:46] Harshvardhan Agrawal of IDFC enquired about the right to win in the MFI business and tractor financing. Rajeev Jain MD replied that MFI has a deep knowledge of the geography and existing customers and is looking to launch in 2 states with plans to expand to 10 over four years. They also have experience with personal loan products, as new RBI regulations require that certain loans be tagged as MFI.<\/li>\n<\/ul>\n<ul>\n<li>[00:49:08] Kuntal Shah of Oakland Capital asked about credit card approval by RBI for the company and NBFCs. Rajeev Jain MD answered that it has applied and is hopeful of getting the approval.<\/li>\n<\/ul>\n<ul>\n<li>[00:49:28] Kuntal Shah of Oakland Capital also asked if the company is slowing down on geographical reach considering only 27 locations were added in 3Q. \u00a0Rajeev Jain MD said that in terms of geography the economics must work. The company foresees that in next 5 years, it will open only about 445 locations, of which 400 will come in UP, Bihar, and Northeast and rest in other places.<\/li>\n<\/ul>\n<ul>\n<li>[00:53:08] Nischint Chawathe from Kotak enquired how the company is changing the business model to be successful in the prime segments and mass affluent class of the market. Rajeev Jain MD said that as the company grows larger, so business needs to be paradise out. The company believes it can bring greater and deeper technology intervention from a last mile standpoint to the business.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>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&amp;A Highlights: [00:29:46] Piran Engineer of CLSA enquired about the company looking to hire 3,000 to [&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 Q3 FY23 Earnings Conference Call Insights #BAJFINANCE #Q3 #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":[10169,1792,10390],"class_list":["post-139502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-finance-stocks","tag-earnings","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":139502,"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":135013,"url":"https:\/\/alphastreet.com\/india\/bajaj-finance-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":139502,"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":128618,"url":"https:\/\/alphastreet.com\/india\/bajaj-finance-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":139502,"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":139396,"url":"https:\/\/alphastreet.com\/india\/infographic-bajaj-finance-ltd-nse-bajfinance-q3-fy23-results-out\/","url_meta":{"origin":139502,"position":3},"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. 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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":179379,"url":"https:\/\/alphastreet.com\/india\/bajaj-finance-ltd-reports-23-consolidated-profit-growth-in-q3-fy26-results\/","url_meta":{"origin":139502,"position":5},"title":"Bajaj Finance Ltd Reports 23% Consolidated Profit Growth in Q3 FY26 Results","author":"Staff Correspondent","date":"February 3, 2026","format":false,"excerpt":"The company delivered strong AUM expansion of 22% and introduced its LRS 2026-30 strategic framework. Investors focus on balance sheet resilience following a \u20b91,406 crore accelerated ECL provision and a one-time charge related to New Labour Codes. Bajaj Finance Ltd (NSE: BAJFINANCE) reported its basic earnings per share at \u20b97.37\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"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\/139502","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=139502"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/139502\/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=139502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=139502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=139502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}