InvestorQ : How were the quarterly number of Bajaj Finance for the fourth quarter?
swati Bakhda made post

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

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Sam Eswaran answered.
4 weeks ago
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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.

Bajaj Finance

Rs in Crore

Mar-22

Mar-21

YOY

Dec-21

QOQ

Total Income (Rs cr)

₹ 8,626.57

₹ 6,850.62

25.92%

₹ 8,532.58

1.10%

Net Profit (Rs cr)

₹ 2,419.51

₹ 1,346.64

79.67%

₹ 2,125.29

13.84%

Diluted EPS (Rs)

₹ 39.86

₹ 22.23

₹ 35.02

Net Margins

28.05%

19.66%

24.91%

  

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.

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