Bajaj Finserv Ltd.

NSE: BAJAJFINSV | BSE: 532978 | ISIN: INE918I01018 | Industry: Holding Companies
| Expensive Performer
15707.15 -628.05 (-3.84%)
NSE Jan 24, 2022 15:31 PM
Volume: 473.6K
 

Bajaj Finserv Ltd.    
28 Oct 2021
15707.15
-3.84%

Highlights

  • Total income for Q2 FY22 increased by 19% to 7,732 crore v/s 6,520 crore in Q2 FY21.
  • Profit after tax for Q2 FY22 increased by 53% to Rs 1,481 crore v/s Rs 965 crore in Q2 FY21 mainly on account of robust AUM growth, higher net interest income and better portfolio performance.
  • Assets Under Management (AUM) as at 30 September 2021 was Rs 166,937 crore v/s Rs 137,090 crore as at 30 September 2020 - an increase of 22%. This includes AUM of Rs 44,429 crore of its 100% mortgage subsidiary, BHFL, which recorded a growth of 33% over the AUM as on 30 September 2020.
  • Gross NPA and Net NPA (ECL Stage 3), recognized as per extant RBI prudential norms and provisioned applying the expected credit loss (ECL) method prescribed in Ind AS, as of 30 September 2021 stood at 2.45% and 1.10% respectively.
  • Capital adequacy ratio (including Tier-II capital) as of 30 September 2021 stood at 27.68%. The Tier-I capital stood at 24.90%. For Bajaj Housing Finance Limited (BHFL), the capital adequacy ratio (including Tier-II capital) stood at 20.26%. 
  • Gross written premium for Q2 FY22 increased by 21% to Rs 5,034 crore v/s Rs 4,156 crore in Q2 FY21. BAGIC wrote crop insurance of Rs 1,542 crore in Q2 FY22 v/s Rs 1,759 crore in Q2 FY21. BAGIC also wrote Rs 753 crore insurance in Q2 FY22 under government health scheme.
  • Net earned premium for Q2 FY22 was Rs 2,046 crore v/s Rs 1,986 crore in Q2 FY21.
  • Claim ratio increased to 77.60% in Q2 FY22 v/s 74.2% in Q2 FY21. The increase in claim ratio includes  losses from heavy rainfall in Maharashtra and increase in Motor OD claims.
  • Combined ratio stood at 98.5% in Q2 FY22 v/s 97.4% in Q2 FY21.

 

Result PDF

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Bajaj Finserv Ltd. has an average target of 20000.00 from 2 brokers.
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