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Bajaj Finance Ltd. reported a solid rise in net profit and interest income in the fourth quarter of the current financial year.
Bajaj Finance's Q4 net profit rose 22% year-on-year to Rs 5,464.57 crore.
KEY POINTS
- Gross NPA increased to 1.01% from 0.96% quarter-on-quarter, indicating worsened asset quality.
- Citi upgraded Bajaj Finance to Buy, citing cleared headwinds and tailwinds from FinAI and credit trends.
- Despite upgrades, Macquarie and Bernstein maintain Underperform ratings over concerns about valuations and FY27 guidance.
COMPANIES
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