Bajaj Finance Q4 PAT up 79.67% at Rs2,419.51cr on 30% rise in net interest income (NII) at Rs6,068cr

27 Apr 2022 , 09:54 PM

Bajaj Finance Ltd reported 25.92% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs8,626.57cr. On a sequential basis, revenues were higher for the quarter by 1.10%.

Bajaj Finance reported 30% growth in net interest income (NII) at Rs6,068cr. New loan book grew by 15% to 6.28 million in Q4. Total customer franchise was up 19% at 5.76 crore.

AUM grew 29% yoy at Rs197,452cr as of Mar-22. Capital adequacy stood at 27.22% while the gross NPAs were lower at 1.60% and net NPAs at 0.68% only.

The consolidated net profit for Q4 was up 79.67% at Rs2,419.51cr while it was up on a sequential basis by 13.84%. Apart from the spike in NII driving profits, Bajaj Finance also saw its operating expenses to NII ratio flat at 34.6%.

Loan losses and provisions fell sharply from Rs.1,231cr to Rs702cr on a yoy basis in Q4. Interest income was up 22% yoy while interest expense was up just 17%.

Net margins stood at 28.05% in Mar-22 quarter compared to 19.66% in Mar-21. The NPM was higher sequentially compared to 24.91% in Q3.

Financial highlights for Mar-22 compared yoy and sequentially

	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%