Bajaj Finance Ltd.

NSE: BAJFINANCE | BSE: 500034 | ISIN: INE296A01024 |Industry: Finance (including NBFCs)
|Expensive Performer
7069.25 -111.25 (-1.55%)
NSE Dec 03, 2021 15:31 PM
Volume: 816.4K
 

Bajaj Finance Ltd.    
26 Oct 2021
7069.25
-1.55%

Bajaj Finance reports consolidated profit after tax of Rs 1,481 crore for the quarter ended 30 September 2021

CONSOLIDATED PERFORMANCE HIGHLIGHTS:

  • Consolidated assets under management - Rs. 166,937 crore v/s Rs. 137,090 crore
  • Consolidated profit after tax - Rs.  1,481 crore v/s Rs. 965 crore  
  • New loans booked during Q2 FY22 were 6.33 million as against 3.62 million in Q2 FY21. 
  • Customer franchise stood at 52.80 million as of 30 September 2021 as compared to 44.11 million as of 30 September 2020, a growth of 20%. The Company's customer franchise increased by 2.35 million in Q2 FY22 as compared to 1.16 million in Q2 FY21.
  • Assets under management (AUM) grew by 22% to Rs. 166,937 crore as of 30 September 2021 from Rs. 137,090 crore as of 30 September 2020. Core AUM growth in Q2 FY22 was approximately Rs. 11,150 crore. 
  • Net Interest Income (NII) for Q2 FY22 increased by 28% to Rs. 5,335 crore as against Rs. 4, 162 crore in Q2 FY21. Interest income reversal for the quarter was Rs 322 crore as compared to Rs. 216 crore in Q2 FY21.
  • Total operating expenses to net interest income for Q2 FY22 was 38.1% as against 27.8% in Q2 FY21. 
  •  Loan losses and provisions for Q2 FY22 was Rs. 1,300 crore as against Rs. 1,700 crore in Q2 FY21 . During the quarter, the Company has done accelerated write offs of Rs. 355 crore of principal outstanding on account of COVID-19 related stress and advancement of write off policy. The Company holds a management and macro-economic overlay of Rs. 832 crore as of 30 September 2021.
  • Profit before tax for Q2 FY22 increased by 54% to Rs. 2,004 crore from Rs. 1,305 in Q2 FY21.
  • Profit after tax for Q2 FY22 increased by 53% to Rs. 1,481 crore from Rs. 965 crore in Q2 FY21. 
  • Gross NPA and Net NPA as of 30 September 2021 stood at 2.45% and 1.10% respectively, as against 2.96% and 1.46% as of 30 June 2021. The Company has provisioning coverage ratio of 55% on stage 3 assets and 155 bps on stage 1 and 2 assets as of 30 September 2021.
  • Capital adequacy ratio (including Tier-II capital) as of 30 September 2021was27.68%. The Tier-I capital was 24.90%.  

STANDALONE PERFORMANCE HIGHLIGHTS:

Bajaj Finance Limited -Q2 FY22:
  • Assets under management (AUM) grew by 17% to Rs. 123,281 crore as of 30 September 2021 from Rs. 104,986 crore as of 30 September 2020.  
  • Net Interest Income (NII) for Q2 FY22 increased by 26% Rs. 4,920 crore as against Rs. 3,918 crore in Q2 FY21. Interest income reversal for the quarter was Rs. 307 crore as compared to Rs. 202 crore in Q2 FY21. 
  • Loan losses and provisions for Q2 FY22 was Rs. 1,239 crore as against Rs. 1,635 crore in Q2 FY21. The Company holds a management and macro-economic overlay of Rs. 666 crore as of 30 September 2021.
  • Profit after tax for Q2 FY22 was Rs. 1,306 crore as against Rs. 877 crore in Q2 FY21.

 

Result PDF

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Number of FII/FPI investors increased from 954 to 1012 in Sep 2021 qtr.
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