Bajaj Finance has clocked its highest ever consolidated profit after tax of ₹2,420 crore for the quarter ended 31 March, 2022, up 80% over ₹1,346 crore in the year-ago period.
Net interest income for the March quarter rose 30% to ₹6,068 crore as against ₹4,659 crore in same quarter last year.
On Tuesday, Bajaj Finance shares closed 3.61% higher at ₹7,258.60 apiece on NSE.
The Board has also recommended a dividend of ₹20 per equity share of face value of for financial year 2021-22.
Assets under management (AUM) during the quarter grew by 29% to ₹1.97 lakh crore (including IPO financing receivables of ₹5,365 crore) as of 31 March 2022 from ₹1.52 lakh crore as of 31 March 2021.
New loans booked during the fourth quarter grew by 15% to 6.28 million as against 5.47 million in same quarter of last year.
Gross non-performing assets (NPAS) and Net NPA as of 31 March 2022 stood at 1.60% and 0.68% respectively, as against 1.79% and 0.75% as of 31 March 2021.
The company has provisioning coverage ratio of 58% on stage 3 assets and 134 bps on stage 1 and 2 assets as of 31 March 2022.
Bajaj Finance Clocks Highest-ever Net Profit Of ₹2,420 Cr, Up 80% Yoy | Mint - Mint
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