Bajaj Finance shares were trading up 3.78% to Rs 7,620.10 on BSE in the early afternoon after posting a strong trade update for Q3 FY2022.
Major NBFC’s customer franchise increased nearly 20% to 55.4 million as of December 31, 2021, from 46.3 million as of December 31, 2020. The company’s customer franchise increased 18% to reach 2.00 million. 6 million in the third quarter of fiscal 22, compared to 2.2 million in the third quarter of fiscal 21.
New loans recorded in the third quarter of FY22 amounted to 7.4 million, up 23% from 6 million in the third quarter of FY21. Assets under management (AUM) s ‘amounted to approximately Rs 181,300 crore as of December 31, 2021, up 26% from Rs 143,550 crore as of December 31, 2020. AUM at Q3 FY22, adjusted for IPO funding receivable has increased by approximately Rs 14,500 crore.
The consolidated excess liquidity stood at approximately Rs 14,300 crore as of December 31, 2021. The liquidity position of the company remains strong. The company continues to remain well capitalized with a capital adequacy ratio (CRAR) of around 27% as of December 31, 2021. The company’s deposit book stood at approximately Rs 30,000 crore as of December 31, 2021 compared to at Rs 23,777 crore as of December 31, 2020. The deposit book in the third quarter of fiscal 22 has increased by approximately Rs 1,250 crore.
Bajaj Finance deals with loans and related activities. It focuses on consumer loans, loans to small and medium-sized enterprises (SMEs), commercial loans, rural loans, term deposits and value-added services.
The company reported a 53% increase in its consolidated net profit to Rs 1,481 crore on a 19% increase in total income to Rs 7,732 crore in Q2 FY22 compared to Q2 FY21. Net interest income (NII) rose 28% to Rs 5,335 crore in the second quarter from Rs 4,162 crore recorded in the same period last year.
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