InvestorQ : How come Bajaj Finance reported such strong results in a tough quarter in Mar-21?
swati Bakhda made post

How come Bajaj Finance reported such strong results in a tough quarter in Mar-21?

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Sam Eswaran answered.
1 week ago
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It was a stellar quarter for Bajaj Finance at it reported 42% jump in net profit at Rs.1,347 crore for the Mar-21 quarter. During the quarter, the volume of new loans booked fell to 54.7 lakhs compared to 60.3 lakhs in the year ago period. Due to falling interest yields, the net interest income or NII was down 1% at Rs.4,659 crore.

However, there were some minor concerns on the asset quality front. The gross NPAs were slightly higher at 1.79% compared to 1.61% in the year ago quarter. Net NPAs were also higher on a yoy basis, despite aggressive provisioning. There was also a spike in loan losses in FY21 as well as the extent of spillage.

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