Bajaj Finance Limited - 500034 - Announcement under Regulation 30 (LODR)-Change in Directorate
Re-appointment of Director and Changes in Key Managerial Personnel29-01-2024
29-01-2024
Bajaj Finance Limited - 500034 - Announcement under Regulation 30 (LODR)-Issue of Securities
The Board of Directors of the Company at its meeting today, i.e., 29 January 2024, approved issue of equity shares to the trustees of BFL Employee Welfare Trust29-01-2024
Bajaj Finance Limited - 500034 - Announcement under Regulation 30 (LODR)-Raising of Funds
The Board of Directors of the Company at its meeting held today, i.e., 29 January 2024 approved raising of funds.29-01-2024
Q3FY24 Quarterly Result Announced for Bajaj Finance Ltd.
Non-banking Financial company Bajaj Finance announced Q3FY24 results: New Loans Booked: The number of new loans booked experienced a robust growth of 26% in Q3FY24, reaching 9.86 million, compared to 7.84 million in Q3FY23. Customer Franchise: The customer franchise expanded significantly, reaching 80.41 million as of December 31, 2023, compared to 66.05 million as of December 31, 2022, reflecting a remarkable 22% growth. A record-breaking quarterly increase of 3.85 million was recorded in Q3FY24. Assets Under Management (AUM): AUM witnessed a substantial growth of 35%, totaling Rs 310,968 crore as of December 31, 2023, compared to Rs 230,842 crore as of December 31, 2022. Q3FY24 alone contributed to a growth of Rs 20,704 crore in AUM. Net Interest Income: Net interest income exhibited a robust growth of 29% in Q3FY24, reaching Rs 7,655 crore, compared to Rs 5,922 crore in Q3FY23. Net Total Income: Q3FY24 saw a significant increase of 25% in net total income, totaling Rs 9,298 crore, compared to Rs 7,438 crore in Q3FY23. Operating Efficiency: Operating expenses to net total income for Q3FY24 improved to 33.9%, compared to 34.8% in Q3FY23, indicating efficient cost management. Pre-Provisioning Operating Profit: Pre-provisioning operating profit recorded a robust growth of 27% in Q3FY24, reaching Rs 6,142 crore from Rs 4,853 crore in Q3FY23. Loan Losses and Provisions: Loan losses and provisions in Q3FY24 amounted to Rs 1,248 crore, compared to Rs 841 crore in Q3FY23. The company holds a management and macro-economic overlay of Rs 590 crore as of December 31, 2023. Profit Before Tax: Profit before tax increased by 22% in Q3FY24, totaling Rs 4,896 crore from Rs 4,012 crore in Q3FY23. However, profit growth was impacted by approximately 5-6% due to elevated loan losses and the impact of Regulatory action. Profit After Tax: Profit after tax increased by 22% in Q3FY24, reaching Rs 3,639 crore from Rs 2,973 crore in Q3FY23. Asset Quality: Gross NPA and Net NPA as of December 31, 2023, stood at 0.95% and 0.37%, respectively, showing an improvement from December 31, 2022. The company maintains a provisioning coverage ratio of 62% on stage 3 assets as of December 31, 2023. Capital Adequacy Ratio (CAR): The capital adequacy ratio (CAR) as of December 31, 2023, was 23.87%, with Tier-I capital at 22.80%. Adjusted for the RBI's risk weight change, CAR would have been 26.77%. Credit Ratings: The company holds the highest credit rating of AAA/Stable for its long-term debt program from CRISIL, ICRA, CARE, and India Ratings. Short-term debt program holds an A1+ rating from CRISIL, ICRA, and India Ratings. The fixed deposits program is rated AAA (Stable) by CRISIL and ICRA. Result PDF29-01-2024
Bajaj Finance Limited - 500034 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation for the quarter ended 31 December 202329-01-2024
Bajaj Finance Limited - 500034 - Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended 31 December 2023
Unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2023.29-01-2024
Bajaj Finance Limited - 500034 - Board Meeting Outcome for Outcome Of Board Meeting Held On 29 January 2024
The Board Meeting today commenced at 3:30 p.m. and consideration of financial results for the quarter and nine months ended 31 December 2023 was approved at 4:35 p.m. The proceedings of the Board Meeting are in progress at the time of filing of this disclosure.29-01-2024
Bajaj Finance Q3 results: NII likely to rise 26% led by strong AUM growth, say analysts
According to analysts, the lender's consolidated net profit is anticipated to experience a significant 25 percent year-on-year growth, reaching 3,716 crore.28-01-2024
Bajaj Finance Q3 Preview: NII to rise 26%, net profit to jump 25% on strong AUM growth
An average of four brokerages shows that Bajaj Finance's net interest income is expected to rise 26 percent YoY to Rs 9,344 crore. Stable asset quality and strong AUM (assets under management) growth will drive earnings, as per analysts27-01-2024
Bajaj Finance Limited - 500034 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of conference call in respect of financial results for the quarter ended 31 December 202323-01-2024