Buoyed by wholesome shopper sentiments, Bajaj Finance on Tuesday reported its highest ever consolidated web revenue at Rs 2,420 crore within the three months ended March.
The determine is 80 per cent larger in comparison with Rs 1,347 crore posted within the year-ago interval.
The Non-Banking Finance Company (NBFC) additionally posted its highest ever consolidated revenue after tax at Rs 7,028 crore within the fiscal ended March 2022, up 59 per cent, it mentioned in a launch.
In 2020-21, the online revenue was at Rs 4,420 crore.
The web curiosity earnings within the newest March quarter rose 30 per cent to Rs 6,068 crore. For the total yr, it was up 27 per cent at Rs 21,892 crore.
“Loan losses and provisions for Q4FY22 was Rs 702 crore as against Rs 1,231 crore. The company holds a management and macro-economic overlay of Rs 1,060 crore as of March 31, 2022,” the discharge mentioned.
Loan losses and provisions for the yr was at Rs 4,803 crore as towards Rs 5,969 crore within the year-ago interval.
In an investor presentation, the corporate mentioned it was a superb quarter throughout steadiness sheet progress, portfolio high quality and profitability.
“Omnipresence agenda continued to accelerate in Q4. Overall, excited about FY23 prospects,” it added.
The firm’s consolidated Assets Under Management (AUM) stood at Rs 1,97,452 crore as of March 31, 2022.
In This autumn, AUM progress was secular throughout all strains of companies.
On the asset high quality entrance, the gross and web non-performing property on the finish of March 2022 stood at 1.60 per cent and 0.68 per cent respectively, down from 1.79 per cent and 0.75 per cent as on March 2021.
Bajaj Finance mentioned its board of administrators has beneficial a dividend of Rs 20 per fairness share for FY22.
Source: www.financialexpress.com”