It was a muted quarter impacted by severe second wave of pandemic. Both businesses and debt management efficiencies were affected due to strict lockdowns across most parts of India. Business transformation remains on track for phase-1 go live in October 2021.
AUM
Opex to NII
PAT
ROE*
Net NPA
₹ 1,59,057
30.6%
₹ 1,002 Cr
2.7%
1.46%
Q1 FY22
Cr
Q1 FY21
YoY Growth
Q1 FY21
Q1 FY21
YoY Growth
27.9%
4%
2.9%
0.5%**
15%
*Not annualized
**Not relevant due to moratorium
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Lead financial indicators
At the outset, YoY numbers are not comparable due to strict lockdowns across most parts of India and EMI moratorium in Q1 FY21.
AUM as of 30 June 2021 was at ₹ 1,59,057 crore as against ₹ 1,38,055 crore as of 30 June 2020. Core AUM growth* in Q1 FY22 was ~₹ 4,100 crore. In absence of a third wave, the Company expects quarterly AUM growth rate for balance of the year to be at pre-COVID levels .
The Company booked 4.63 MM new loans in Q1 FY22.
The Company acquired 1.88 MM new customers in Q1 FY22. Customer franchise crossed a milestone of 50 MM and stood at 50.45 MM as of 30 June 2021, a growth of 17% YoY. Cross sell franchise stood at 27.43 MM, a growth of 14% YoY. New customer addition in Q1 has come in line with our general guidance of 7-8 MM new customer addition annually.
Total geographic footprint stood at 3,113 locations and 1,14,400+ distribution points. During the quarter, the Company expanded its presence in 125 new locations including 50 financial inclusion locations. Further, the company added 49 new branches across its existing locations. This included 25 standalone branches for Gold loan and 24 dedicated branches for FD.
The Company continues to protect its margin profile across all its businesses. Due to lower debt management efficiencies and consequent increase in GNPA, interest income reversal for Q1 FY22 was higher at ₹ 451 crore as compared to ₹ 306 crore in Q1 FY21. In absence of a third wave, the company expects quarterly interest reversals to normalise by Q3 FY22.
7.
was ₹ 10,857 crore as of 30 June 2021. This
represents 8% of total borrowing. We expect further reduction in cost of funds, as liquidity buffer and borrowing basket is reinstated to pre-COVID levels.
*Core AUM growth = (AUM growth for the quarter short tenor IPO financing book + additional losses on account of COVID)
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Bajaj Finance Limited published this content on 20 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2021 13:41:05 UTC.
Bajaj Finance is a non-bank financing company. At the end of March 2017, the group managed EUR8.6 billion in funds, broken down by type of loan as follows:
- consumer loans (45.1%);
- loans to small and medium-sized enterprises (SMEs; 36.7%);
- commercial loans (13.1%);
- rural loans (5.1%).
BAJAJ FINANCE LIMITED 
