Bajaj Finance announced Q4FY22 results: Q4FY22 (Consolidated): New loans booked during Q4 FY22 grew by 15% to 6.28 million as against 5.47 million in Q4 FY21. Customer franchise stood at 57.57 million as of 31 March 2022 as compared to 48.57 million as of 31 March 2021, a growth of 19%. The Company's customer franchise grew by 2.21 million in Q4 FY22. Assets under management (AUM) grew by 29% to Rs 197,452 crore (including IPO financing receivables of Rs 5,365 crore) as of 31 March 2022 from Rs 152,947 crore as of 31 March 2021. Core AUM growth in Q4 FY22 was Rs 10,837 crore. Net interest income for Q4 FY22 increased by 30% to Rs 6,068 crore from Rs 4,659 crore in Q4 FY21. Total operating expenses to net interest income for Q4 FY22 was 34.6% as against 34.5% in Q4 FY21 . Loan losses and provisions for Q4 FY22 was Rs 702 crore as against Rs 1,231 crore in Q4 FY21. The Company holds a management and macro-economic overlay of Rs 1,060 crore as of 31 March 2022. Profit before tax for Q4 FY22 increased by 79% to Rs 3,265 crore from Rs 1,823 in Q4 FY21. Profit after tax for Q4 FY22 increased by 80% to Rs 2,420 crore from Rs 1,347 crore in Q4 FY21. Gross NPA and Net NPA as of 31 March 2022 stood at 1.60% and 0.68% respectively, as against 1.79% and 0.75% as of 31 March 2021. The Company has provisioning coverage ratio of 58% on stage 3 assets and 134 bps on stage 1 and 2 assets as of 31 March 2022. FY22 (Consolidated): New loans booked during FY22 grew by 46% to 24.68 million as against 16.88 million in FY21. Customer franchise stood at 57.57 million as of 31 March 2022 as compared to 48.57 million as of 31 March 2021, a growth of 19%. Customer franchise recorded highest ever increase of 9.0 MM in FY22. Net interest income for FY22 increased by 27% to Rs 21,892 crore from Rs 17,269 crore in FY21. Total operating expenses to net interest income for FY22 was 34.6% as against 30.7% in FY21. Loan losses and provisions for FY22 was Rs 4,803 crore as against Rs 5,969 crore in FY21. The Company holds a management and macro-economic overlay of Rs 1,060 crore as of 31 March 2022. Profit after tax for FY22 increased by 59% to Rs 7,028 crore from Rs 4,420 in FY21. The Board of Directors has recommended a dividend of Rs 20 per equity share of face value of Rs 2 (1000%) for FY22 (Previous year Rs 10 per equity share of face value of Rs 2 each i.e. 500%) Result PDF