Bajaj Finance announced net profit of Rs.948 crore for the Mar-20 quarter; lower by 19.4% on YOY basis. Despite lower taxes favouring the company, the impact of higher provisions depressed earnings of the company. Provisions for loan losses spiked almost 5-fold to Rs.1954 crore in Q4. This includes an Rs.900 crore COVID-199 contingency provision. Net Interest Income (NII) increased by 38% to Rs.4684 crore in the quarter. Loan growth was almost flat. Gross NPAs were flat at 1.61% while net NPAs were marginally down at 0.65%.