Bajaj Finance Q2 Results FY2023, PAT at Rs. 1481 crores

Shreya_Anaokar Shreya Anaokar

Last Updated: 9th December 2022 - 02:05 pm

Listen icon

On 20th October 2022, Bajaj Finance announced its second quarter results for the period ending 30th September 2022. 

Q2FY23 Performance updates:

-  Net interest income for Q2FY23 increased by 31.2% to Rs. 7,001 crores from Rs. 5,337 crores in Q2FY22.  
- Total operating expenses to net interest income for Q2FY23 was 35.9% as against 38.1% in Q2FY22. 
- Profit before tax for Q2FY23 increased by 87.2% to Rs. 3,752 crores from Rs. 2,004 crores in Q2FY22.
- Profit after tax for Q2FY23 increased by 87.8% to Rs. 2,781 crores from Rs. 1,481 crores in Q2FY22.  

Business Highlights:

- New loans booked during Q2FY23 grew by 7% to 6.76 million as against 6.33 million in Q2FY22. 
- Customer franchises stood at 62.91 million as of 30 September 2022 as compared to 52.80 million as of 30 September 2021, seeing a growth of 19%. The Company's customer franchise grew by 2.61 million in Q2FY23. 
- Assets under management (AUM) grew by 31% to Rs. 218.366 crores as of 30 September 2022 fromRs.166,937 crores as of 30 September 2021. AUM in Q2FY23 grew by Rs. 14,348 crores. 
- Gross NPA and Net NPA as of 30 September 2022 stood at 1.17% and 0.44% respectively, as against 2.45% and 1.10% as of 30 September 2021. The Company has a provisioning coverage ratio of 62% on stage 3 assets and 120 bps on stage 1 and 2 assets as of 30 September 2022.  
 

The Bajaj Finance share price dropped by 2.93%.

FREE Trading & Demat Account
Open FREE Demat Account with endless opportunities.
  • Flat ₹20 Brokerage
  • Next-gen Trading
  • Advance Charting
  • Actionable Ideas
+91
''
By proceeding, you agree to our T&Cs*
Mobile No. belongs to
hero_form

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.

Open Free Demat Account

Be a part of 5paisa community - The first listed discount broker of India.

+91

By proceeding, you agree to all T&C*

footer_form