Goldman Sachs sees 38% potential downside in this largecap debutant post Q4

Bajaj Housing Finance share price: Bajaj Housing Finance shares in Thursday’s trade (April 24, 2025) zoomed up to 4 per cent at the day’s high to Rs 136.96 per share on the BSE. The gains in the weak market were seen following positive set of Q4FY25 earnings by the housing financier.

At around 9:51 am, shares of the company were up 1.82 per cent at Rs 134.25 per share.

For the reporting March quarter of the FY2025, the company’s standalone net profit of the company rose 53.85 per cent to Rs 586.68 crore in the quarter ended March 2025 as against Rs 381.34 crore during the previous quarter ended March 2024. Sales rose 25.78 per cent to Rs 2498.67 crore in the quarter ended March 2025.

Net interest income or NII- the difference between the interest spend and earned has also gained by 30.9 per cent year-on-year.

AUM under Bajaj Housing Finance in Q4

Assets under management (AUM) grew by 26 per cent  to approximately Rs 1,14,680 crore as of 31 March 2025 as compared to Rs 91,370 crore as of 31 March 2024. AUM in Q4 FY25 grew by approximately Rs 6,365 crore.

Experts and analysts’ take on Bajaj Housing Finance scrip post Q4

Global brokerages- namely Goldman Sachs and HSBC are bearish on the stock post its Q4 performance. Goldman Sachs has maintained a ‘sell’ on the counter with the target slashed to Rs 82. The brokerage highlights the company’s operational miss during the quarter with flat PPOP growth QoQ 

Meanwhile, HSBC also gave a ‘reduce’ call with the target at Rs 100. The brokerage noted that AUM growth during Q4 has been healthy; high-cost ratio & yield compression due to competition was drag. The brokerage expects EPS growth to slow due to pressure on AUM growth, NIM compression & normalisation of credit costs. Further, it cuts FY26-27 EPS estimates by 2.8-3.1 per cent.

Meanwhile, Vikas Sethi of Sethi Finmart recommended buying Bajaj Housing Finance for a target of Rs 140 with a stop loss at Rs 128.