Bajaj Finance Ltd Q2FY18
Standalone Results Q2FY18: (Rs. in crore)
|Net Profit (adjusted)||556.9||36.6|
Bajaj Finance has reported its result for Q2FY18 .
The NII for the quarter grew by 40.8% yoy to Rs. 1942.4 crore. This was due to an increase in interest earned by 32% yoy as against lower increase in interest expense of 19.6% yoy.
Its AUM for Q2FY18 increased by 37.8% to Rs. 72139 crore from Rs. 52332 crore as of Q2FY17. This was due to 41% yoy growth in consumer lending, 56% yoy growth in commercial lending and 137% yoy growth in rural lending.
Its GNPA & NNPA stood at 1.68% & 0.51% as on Q2FY18 and capital adequacy ratio stood at 25.42%.
Net profit for the quarter increased by 36.6% yoy to Rs. 556.9 crore. Provisions for Q2FY18 were Rs. 228 crore as against Rs. 165 crores in Q2FY17.
The company has allotted equity shares through QIP aggregating to Rs. 4500 crore.
Bajaj Finance Ltd is currently trading at Rs. 1,930, down by 24.85 points or 1.27% from its previous closing of Rs. 1,954.85 on the BSE.
The scrip opened at Rs. 1,969 and has touched a high and low of Rs. 1,972.45 and Rs. 1,922.45 respectively. So far 13,85,693(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
BSE 1,665.90 [32.75] ([1.93]%)
NSE 1,671.80 [27.45] ([1.62]%)
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