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Bajaj Finance Restricted on Monday reported a consolidated Revenue After Tax (PAT) off 2,125 cr which was up 85 per cent from Rs 1, 146 cr in Q3FY21, the corporate stated in its submitting to exchanges. The corporate additionally reported its highest ever quarterly Core AUM development off Rs 14,700 cr for the quarter ended 31 December 2021.

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Bajaj Finance Q3FY22 Outcomes: Key Highlights

  1. Consolidated belongings underneath administration – Rs 181,250 crore vs Rs 143,550 crore
  2. Consolidated revenue after tax – Rs 2, 125 crore vs Rs 1,146 crore
  3. New loans booked throughout Q3 FY22 have been 7.44 million as in opposition to 6.04 million in Q3 FY21.
  4. Buyer franchise stood at 55.36 million as of 31 December 2021 as in comparison with 46.31 million as of 31 December 2020, a development of 20%. The Firm’s buyer franchise elevated by 2.56 million in Q3 FY22 as in comparison with 2.19 million in Q3 FY21.
  5.  Belongings underneath administration (AUM) grew by 26% to 181 ,250 crore as of 31 December 2021 from Rs 143,550 crore as of 31December2020. Core AUM development 1 in Q3 FY22 was roughly 14,700 cr.

~ Internet Curiosity Earnings (NII) for Q3 FY22 elevated by 40% to { 6,000 crore as in opposition to { 4,296 crore in

Q3 FY21. Curiosity revenue reversal for the quarter was { 241 crore as in comparison with { 450 crore in Q3

FY21.

~ Complete working bills to internet curiosity revenue for Q3 FY22 was 34.7% as in opposition to 32.3% in Q3

FY21.

~ Mortgage losses and provisions for Q3 FY22 was { 1,051 crore as in opposition to~ 1,352 crore in Q3 FY21.

Throughout the quarter, the Firm has achieved accelerated write offs of { 163 crore of principal excellent

on account of COVID-19 associated stress. The Firm holds a administration and macro-economic

overlay of { 1,083 crore as of 31 December 2021.

~ Revenue earlier than tax for Q3 FY22 elevated by 84% to { 2,868 crore from { 1,555 in Q3 FY21.

~ Revenue after tax for Q3 FY22 elevated by 85% to { 2, 125 crore from { 1, 146 crore in Q3 FY21.

~ Gross NPA and Internet NPA as of 31 December 2021 stood at 1.73% and 0.78% respectively, as in opposition to

2.45% and 1.10% as of 31 September 2021. The Firm has provisioning protection ratio of 56% on

stage 3 belongings and 156 bps on stage 1 and a pair of belongings as of 31 December 2021.

Throughout the quarter, the Firm has modified its NPA classification standards from variety of EMI ~–….:::,,..__ excellent to Days Previous Due method in keeping with the RBI round dated 12 November 2021 – x-‘· /Ne

“Prudential norms on Earnings Recognition, Asset Classification and Provisioning pertaining to ~ nces -~

BAJAJ FINANCE LIMITED ~ Capital adequacy ratio (together with Tier-II capital) as of 31 December 2021 was 26.96%. The Tier-I capital was 24.44%.