InvestorQ : How do you see the latest results of Bajaj Finance for the Mar-20 quarter?
manisha Kolvenkar made post

How do you see the latest results of Bajaj Finance for the Mar-20 quarter?

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Mahima Roy answered.
1 year ago
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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%.

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