Bajaj Finance Ltd.

NSE: BAJFINANCE | BSE: 500034 | ISIN: INE296A01024 | Industry: Finance (including NBFCs)
| Expensive Performer
7488.25 -38.85 (-0.52%)
NSE Aug 18, 2022 15:31 PM
Volume: 835.4K
 

Rapid Results Alerts
Bajaj Finance Ltd.    
27 Jul 2022
7488.25
-0.52%

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%

 

 

 

 

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