How were the quarterly number of Bajaj Finance for the fourth quarter?

For the Mar-22 quarter, Bajaj Finance reported 25.9% growth in revenues to Rs.8,627 crore. The net interest income (NII) for Bajaj Finance was up 30% yoy at Rs.6,068 crore. The total customer franchise grew by an impressive 19% at 5.76 crore customers, the largest among private sector NBFCs. AUM expanded 29% yoy at Rs.197,452 crore while the capital adequacy stood at 27.22%. Gross NPAs at 1.60% and net NPAs at 0.68% were comfortable.

Let us turn to the profit performance. Q4 net profits were up 79.7% at Rs.2,420 crore on yoy basis. Profits were driven partially by the spike in NII and partially by its operating expenses to NII ratio flat at 34.6%, despite revenue boost. Loan losses and provisions fell from Rs.1,231 crore to Rs.702 crore yoy. Big edge came from interest income up 22% yoy while interest expense up just 17%. Net margins stood at 28.05% in Mar-22 quarter compared to 19.66% in Mar-21. Sequentially, NPM was higher compared to 24.91% in Q3.