Bajaj Finance Announced Q1FY23 Result : Highest ever consolidated quarterly profit after tax of Rs 2,596 crore in Q1 FY23 Assets under management crossed a milestone of Rs 200,000 crore in Q1 FY23 and stood at Rs 204,018 crore as of 30 June 2022 New loans booked during Q1 FY23 grew by 60% to 7.42 million as against 4.63 million in Q1 FY22. Customer franchise stood at 60.30 million as of 30 June 2022 as compared to 50.45 million as of 30 June 2021, a growth of 20%. The Company recorded highest ever quarterly increase in its customer franchise of 2.73 million in Q1 FY23 Assets under management (AUM) grew by 28% to Rs 204,018 crore as of 30 June 2022 from Rs 159,057 crore as of 30 June 2021. Core AUM growth in Q1 FY23 Rs 11,931 crore. Net interest income for Q1 FY23 increased by 48% to Rs 6.638 crore from Rs 4.489 crore in Q1 FY22. Total operating expenses to net interest income for Q1 FY23 was 35.9% as against 30.6% in Q1 FY22. Loan losses and provisions for Q1 FY23 was Rs 755 crore as against Rs 1.750 crore in Q1 FY22.The Company holds a management and macro-economic overlay of Rs 1.000 crore as of 30 June 2022. Profit before tax for Q1 FY23 increased by 156% to Rs 3.503 crore from Rs 1,366 crore in Q1 FY22. Profit after tax for Q1 FY23 increased by 159% to Rs 2,596 crore from Rs 1.002 crore in Q1 FY22. Gross NPA and Net NPA as of 30th June 2022 stood at 1.25% and 0.51% respectively as against 2.96% and 1.46% as of 30 June 2021. The Company has a provisioning coverage ratio of 60% on stage 3 assets and 130 bps on stage 1 and 2 assets as of 30 June 2022. Capital adequacy ratio (including Tier-II capital) as of 30 June 2022 was 26.16%. The Tier-I capital was 23.84% Result PDF