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Bajaj Finance reports AUM of Rs 11900 crores and a quarterly profit after tax of Rs 120 Crores – A growth of 58%
Published on January 19, 2012
by NR INDRAN / INT
The Board of Directors of Bajaj Finance Limited in their meeting held today, took on record the Unaudited Financial Results of the Company for the 3rd quarter ended 31 December 2011.
Performance Highlights-Q3
Ø Customers acquired during Q3 FY12 é 39 % to 6,84,238 from 4,91,386 in Q3 FY11.
Ø Deployments during Q3 FY12 é 68 % to Rs 4,649 Crores from Rs 2,774 Crores in Q3 FY11.
Ø Total income for Q3 FY12 é 55% to Rs 603 Crores from Rs 388 Crores in Q3 FY11.
Ø Profit after tax for Q3 FY12 é 58 % to Rs 120 Crores from Rs 76 Crores in Q3 FY11.
Ø Loan losses and provisions for Q3 FY12 ê 20% at Rs 36 Crores as against Rs 45 Crores in Q3 FY11.
Ø Provisioning coverage ratio for Q3 FY12 stood at 81% against 77% in Q3 FY11.
Ø Net NPA for Q3 FY12 stood at 0.25% against 1.1% in Q3 FY11. The Net NPA for Q3 FY12 is the lowest for the Company in the last 5 years.
Ø Capital adequacy ratio excluding current year’s profits and including current year’s profits (including Tier-II capital) stood at 14.7% and 17.3% respectively. The Company continues to be well capitalized to support its growth trajectory.
Key financial figures
(Rupees in Crores)
| Particulars | Q3’12 | Q3’11 | QoQ | 9m’12 | 9m’11 | 9m on 9m | FY-11 |
| Customers acquired (nos in ‘000) | 684 | 491 | 39% | 1719 | 1200 | 43% | 1570 |
| Assets under Management | 11919 | 6868 | 74% | 11919 | 6868 | 74% | 7571 |
| Receivables under financing activity | 11052 | 6710 | 65% | 11052 | 6710 | 65% | 7270 |
| Total Income | 603 | 388 | 55% | 1549 | 1012 | 53% | 1406 |
| Interest Expenses | 207 | 103 | 101% | 517 | 260 | 99% | 378 |
| Net Interest Income (NII) | 396 | 285 | 39% | 1032 | 752 | 37% | 1028 |
| Operating Expenses | 183 | 125 | 46% | 477 | 321 | 49% | 453 |
| Loan Losses & Provisions | 36 | 45 | -20% | 114 | 167 | -32% | 205 |
| Profit before tax | 177 | 115 | 54% | 441 | 264 | 67% | 370 |
| Profit after tax | 120 | 76 | 58% | 298 | 176 | 69% | 247 |
(Rupees in Crores)
| Deployments | Q3’12 | Q3’11 | QoQ | 9m’12 | 9m’11 | 9m on 9m | FY-11 |
| Consumer | 2149 | 1452 | 48% | 5368 | 3514 | 53% | 4671 |
| SME Business | 1240 | 740 | 68% | 3141 | 2011 | 56% | 2724 |
| Commercial | 1260 | 582 | 116% | 3080 | 1423 | 116% | 2040 |
| Total | 4649 | 2774 | 68% | 11589 | 6948 | 67% | 9435 |
You can contact author @ [email protected]
