Bajaj Housing Finance Sees Downside From Brokerages Post Q4 Earnings

Shares of Bajaj Bajaj Housing Finance soared by 4% to clock day’s high of ₹ 136.96 per apiece on the BSE. The gains can be attributed to positive Q4 earnings in FY25.

As of 9:51 am, shares of the company were trading at ₹134.25, up 1.82%.

During Q4, net profit soared by 53.85% to ₹586.68 crore, against ₹381.34 crore during the corresponding quarter a year ago. Sales were up by 25.78% to ₹2498.67 crore in the March quarter.

What did analysts say?

Goldman Sachs and HSBC have kept a bearish outlook on the stock post Q4 performance. Goldman Sachs gave a ‘sell’ rating on the stock by slashing the target price to ₹82. The brokerage cited the company's operational miss in Q4, coupled with flat PPOP growth QoQ.

HSBC gave a ‘reduce’ call by setting a target price at ₹100. The brokerage also expects EPS growth to slow on the back of pressure on AUM growth, NIM compression & normalisation of credit costs. Additionally, it also slashed FY26-27 EPS estimates by 2.8-3.1%.