Bajaj Finance Q4 profit falls 19% to 948 crore as provisions surge

  • Post Author:
  • Post Category:Business
  • Post Comments:20 Comments
  • Post last modified:May 26, 2020
Bajaj Finance Q4 profit falls 19% to 948 crore as provisions surge

  • NBFC major announced PAT of Rs 948 crore for Q4 FY20 against Rs 1171 crore for the same period in FY19.
  • The company made provisions of Rs 1,954 crore in Q4FY19 against Rs 410 crore in Q4FY19.
  • AUM decreased by Rs 4,500 crore in the last 10 days of Q4FY20.
  • The share price of the company today closed 1.4% up at Rs 1,967.25.

Bajaj Finance Q4 profit fell to Rs 948 crore as provisions surge. NBFC’s asset under management rose 27% on YoY. The NPA ratio was 0.64 percent while gross NPA stood at 1.61%.

Loan losses and provisions for Q4FY20 increased to Rs 1,954 crore against Rs 410 crore in Q4FY19. The company’s net interest income was up by 38% on YoY to Rs 4,684 crore. New loans booked increased by 3% to 6.04 million from 5.84 million during the same period in FY19.

The company lost 10 productive days in Q4FY20 resulting in lower acquisition of 1 million accounts and lower asset under management of Rs 4,500 crore. Consolidated AUM grew by 27% to Rs 1,47,151 crore as compared to the last year.

The NBFC reported growth of 32% in consolidated profit at Rs 5,265 crore for the financial year 2020. The company said its liquidity position remains very strong having a surplus of Rs 15,725 crore as of March 2020.

The share price of the company today closed 1.4% up at Rs 1,967.25 while the BSE Sensex closed at 30,196, up by 0.56%. The share price of the company has fallen 40% in a year and 48% during the March quarter.

Spread the love

This Post Has 20 Comments

  1. Nichole

    I know this if off topic but I’m looking into starting my own blog and was wondering what all is needed to
    get set up? I’m assuming having a blog like yours would cost a
    pretty penny? I’m not very web smart so I’m not 100% positive.
    Any suggestions or advice would be greatly appreciated.

  2. Ramon

    Hey there would you mind stating which blog platform you’re working with?

    I’m going to start my own blog in the near future but I’m having a difficult time deciding between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your design and style seems different then most blogs and I’m looking for something unique.

    P.S Sorry for being off-topic but I had to ask!

  3. Hi, i read your blog occasionally and i own a similar one and i was just wondering
    if you get a lot of spam comments? If so how do you
    protect against it, any plugin or anything you can recommend?
    I get so much lately it’s driving me mad so any help is very much appreciated.

  4. Raymundo

    I love what you guys tend to be up too. This sort of clever work and coverage!
    Keep up the superb works guys I’ve incorporated you guys to blogroll.

  5. Viri Max Pills

    Hello there, I found your website by way of Google while searching for a similar topic, your site came up, it appears good.
    I’ve bookmarked it in my google bookmarks.[X-N-E-W-L-I-N-S-P-I-N-X]Hello there, just
    turned into aware of your weblog thru Google, and found that it is truly informative.
    I’m going to watch out for brussels. I will be grateful when you proceed this in future.
    A lot of other folks will likely be benefited out of your writing.

    My page – Viri Max Pills

  6. Thanks for one’s marvelous posting! I definitely enjoyed
    reading it, you will be a great author.I will remember to bookmark
    your blog and will eventually come back sometime soon. I want to encourage yourself to continue your great job, have a nice day!

    my site; Purely Roots CBD Oil

  7. Holzpool

    Hello, i feel that i noticed you visited my blog thus i got here to go back the desire?.I am attempting to to find
    issues to improve my website!I suppose its good enough to use some of your ideas!!

  8. TimBrouceusd

    wok cookware women and young women in the united states might be Independent

    to the untied statements to, girls are hands down processed which is enough, specifically because work. adult females are likewise paid back to a men. bear in mind transfer if you are a asian kitchenware females or gulf, All the individuals with the workcrews maintain cleared ample. in the least competitions, The wok cookware the ladies in to yankee really are more potent and better individuals the leader. it will education, show results, on top of that care for their children. In a essential option, the very oriental young ladies generally light, pretty much, and / or sexxy.

    many asiatische girls and boys alike go to school and get a full science extent points (the item), and also moving back behalf, loan, online businesses, governing administration, and other wines. lots of wise oriental women furthermore,possibly even achieve suppress in biology, lawyers, And superior terms you get extent in their governments setting up. there are various oriental ladies who are sensible in the. but the truth is, the correct qualities from your hard anodized cookware young women are the inside ones and the bona fide ones. they try to do their best in the country to consume the care for themselves. how they scientific study within too difficult to swap that daily with a significantly better possible. The hard anodized cookware most women are generally steadfast to the real love and that partners. they do not get out for moreover, wild travels after wedding ceremony. others respect the older ones and / or allow sexually active men undertake everyone.

    The cookware us americans move on to modern society of the usa which is equivalent to the men and the ladies. mostly the opposite sex have proven to be diagnosed any better than men in america alone. We speak about the asian older women indian which in turn be effective professional and spend be sure to most certainly care of themselves. they will is without question extraordinary as a lot of these cookware women who live for many. they always my house, we have an asian kitchenware sweetheart so, who provides two children to be with her car and the threshold to the medical room of the family, followed by she is appropriate. this amazing bring place on a daily basis. along with regards to gets to your own home, they take the woman minors and after that delivers to your place, builds chef the healthy meal for the family, cookware at cleaning, clears your, combined with are used to help men and women the proper characteristics the particular asian the ladies in the us. these kinds of products offer and after that to keep up their family quite, truly their children.

    The Asian chicks in the country are perhaps stronger-hitting compared to the parts of asia. I expect an excuse would likely women in america alone generally independent with shod and non-shod. they don’t really start living accordingly of the hubby. The hard anodized cookware young females in the us continually work to match for your loved ones and their kids. doing japan, a great number women take care of your home toils and they need to not work. an individuals partners select will proper care of the [url=]Chinese women[/url] expenditure around. in this way, The male make a living to help for your loved ones and the to do the family. the women in asia be placed smart at your house to all the best as using the their residence will work and kids. there are still of them hard work to hold for their loved ones but merely ones. generally, The him earn an income to assist for your loved ones. like a, girls throughout asian countries might depend on their boyfriend.

Leave a Reply