Bajaj Finance puts up good show in Q4; top highlights

Bajaj Finance on Thursday reported 57.31 per cent year-on-year (YoY) rise in profit at Rs 1,176.06 crore for the quarter ended March 31. The firm had posted a profit of Rs 747.55 crore in the corresponding quarter last year.

The figures came in ahead of ET NOW poll estimates of Rs 1,073 crore.

Net interest income jumped 50 per cent to Rs 3,395 crore over Rs 2,265 crore in the same period last year.


Shares of the company were traded 2 per cent up at Rs 3,067 after the announcement of quarterly results.

Here are the other key highlights from Bajaj Finance’s fourth quarter earnings:

Loan book: New loans booked increased by 53 per cent to Rs 58.3 lakh from Rs 38 lakh in Q4FY18.

Provisions: The figure increased to Rs 409 crore in Q4FY19 over Rs 227 crore in the same quarter last year.

Asset quality: Asset quality of the NBFC stood almost stable with percentage of gross non-performing assets stood at 1.54 per cent over 1.55 per cent on a quarter-on-quarter basis. Net NPA came at 0.63 per cent in Q4FY19 over 0.62 per cent in Q3FY19.

AUM: Consolidated asset under management (AUM) of the company jumped 41 per cent YoY to Rs 1,15,888 crore as of March 31. The figure stood at Rs 82,422 crore as of March 31, 2018.

Dividend: The board recommended a dividend of Rs 6 per equity share of the face value of Rs 2 for FY19.