Bajaj Finance announced Q2FY23 results: Consolidated: New loans booked during Q2FY23 grew by 7% to 6.76 million as against 6.33 million in Q2 FY22. Customer franchise stood at 62.91 million as of 30 September 2022 as compared to 52.80 million as of 30 September 2021. a growth of 19%. The Company's customer franchise grew by 2.61 million in Q2 FY23. Assets under management (AUM) grew by 31% to Rs 218.366 crore as of 30 September 2022 from Rs 166,937 crore as of September 30, 2021. AUM in Q2 FY23 grew by Rs 14,348 crore. Net interest income for Q2 FY23 increased by 31% to Rs 7,001 crore from Rs 5,337 crore in Q2 FY22. Total operating expenses to net interest income for Q2 FY23 was 35.9% as against 38.1% in Q2FY22. Loan losses and provisions for Q2FY23 was Rs 734 crore as against Rs 1.300 crore in Q2FY22.The Company holds management and macro- economic overlay of Rs 1000 crore as of September 30, 2022. Profit before tax for Q2FY23 increased by 87% to Rs 3,752 crore from Rs 2.004 crore in Q2 FY22. Profit after tax for Q2 FY23 increased by 88% to Rs 2.781 crore from Rs 1.481 crore in Q2 FY22. Gross NPA and Net NPA as of September 30, 2022 stood at 1.17% and 0.44% respectively, as against 2.45% and 1.10% as of 30 September 2021. The Company has a provisioning coverage ratio of 62% on stage 3 assets and 120 bps on stage 1 and 2 assets as of September 30, 2022. Standalone: Assets under management grew by 29% to Rs 159.452 crore as of September 30, 2022 from Rs 123.281 crore as of September 30, 2021. Net interest income for Q2 FY23 increased by 30% to Rs 6.397 crore from Rs 4,922 crore in Q2 FY22. Loan losses and provisions for Q2FY23 was Rs 705 crore as against Rs 1.239 crore in Q2FY22. The Company holds a management and macroeconomic overlay of Rs 758 crore as of September 30, 2022. Profit after tax for Q2FY23 increased by 89% to Rs 2.472 crore from Rs 1,306 crore in Q2FY22. Result PDF