Bajaj Finance Share Price Target After Q4 Results: Brokerage firm JM Financial has maintained its Buy rating on Bajaj Finance shares after the Q4 FY26 results. The brokerage said that Bajaj Finance reported a steady quarter and the setup is strong for FY2027.
The brokerage has set Bajaj Finance share price target at Rs 1,080, up from Rs 985.
Bajaj Finance Share Price Target Hiked: Rationale
It said that Bajaj Finance reported a steady Q4FY26 with PAT growing 22 per cent YoY and 28 per cent QoQ, broadly in line with estimates. The PAT was driven by healthy operating performance and a sharp moderation in provisions.
Bajaj Finance's NII grew 20 per cent YoY supported by stable AUM growth of 22 per cent YoY and 5 per cent QoQ, while operating profit rose 18 per cent YoY and 3 per cent QoQ.
The NBFC's credit cost fell to 1.6 per cent (2.9 per cent QoQ) as gross/net stage 3 declined by 21bps/7bps QoQ.
The management provided guidance of 22–24 per cent AUM growth, marginal moderation of NIM, improvement in opex to-NTI by 25–40bps and credit cost of 1.45–1.60 per cent (net of recoveries) for FY27E.
It RoA and RoE stood at 4.1 per cent and 20 per cent, respectively, with management reiterating confidence of profit growth exceeding balance sheet growth in FY27.
JM Financial expects 22 per cent and 28 per cent loan and EPS CAGR over FY26–28E. It has broadly maintained its FY27/28E EPS estimates and valued the stock at 4.2x FY28 P/BV (3.8x earlier).
