Bajaj Finance Q1FY22 Results: DECLARED! Consolidated PAT up 4% at Rs 1002 cr; AUM rise 15% YoY – Gross NPA, Net NPA, NII and MORE DETAILS here

Bajaj Finance Q1FY22 Results - Bajaj Finance Limited on Tuesday reported a consolidated profit after tax of Rs 1,002 cr for the quarter ended 30 June 2021, the company said in its exchange filing. This was up from Rs 962 cr during the same quarter in F1FY21. The year-on-year (YOY) rise in net profit was at 4 per cent. 

The consolidated results of BFL include the results of its wholly owned subsidiaries Bajaj Housing Finance Limited (BHFL) and Bajaj Financial Securities Limited (BFinsec). 

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The consolidated Assets Under Management (AUM) for the reporting quarter stood at Rs 159,057 cr which was up by 15.21 per cent against the Q1FY21 AUM at Rs 138,055 cr.  

See key highlights here:  

-- New loans booked during Q1 FY22 were 4.63 million as against 1.75 million in Q1 FY21. 

-- Customer franchise crossed a milestone of 50 million and stood at 50.45 million as of 30 June 2021 as compared to 42.95 million as of 30 June 2020, a growth of 17%. The Company acquired 1.88 million new customers in Q1 FY22 as compared to 0.53 million in Q1 FY21. 

-- AUM grew by 15 per cent to Rs 159,057 cr (including IPO financing receivables of Rs 2,942 cr) as of 30 June 2021 from Rs 138,055 cr as of 30 June 2020. Core AUM growth in Q1 FY22 was approximately Rs 4,100 cr. 

-- Net Interest Income (NII) for Q1 FY22 increased by 8 per cent to Rs 4,489 cr as against Rs 4,152 crore in Q1FY21. Interest income reversal for the quarter was Rs 451 cr as compared to Rs 306 crore in Q1 FY21. 

-- Total operating expenses to net interest income for Q1 FY22 was 30.6 per cent as against 27.9 per cent in Q1FY21.  

-- Loan losses and provisions for Q1 FY22 was Rs 1 ,750 cr as against Rs 1,686 cr in Q1FY21. 

-- Profit before tax for Q1FY22 increased by 4 per cent to Rs 1,366 crore from Rs 1,310 in Q1FY21. 

-- Gross NPA and Net NPA as of 30 June 2021 stood at 2.96 per cent and 1.46 per cent respectively, as against 1.40 per cent and 0.50 per cent as of 30 June 2020.  

-- The Company has provisioning coverage ratio of 51 per cent on stage 3 assets and 17.4 bps on stage 1 and 2 assets as of 30 June 2021. 

-- Capital adequacy ratio (including Tier-II capital) as of 30 June 2021 was 28.57 per cent. The Tier-I capital was 25.41 per cent.

The shares of Bajaj Finance Limited today ended at Rs 5965.15 on the NSE on Tuesday. They were down 0.8 per cent from the last closing price on Monday.