Bajaj Finance’s internet curiosity revenue (NII) for This autumn FY21 was Rs 4,659 crore.
Shares of the Pune-based non-banking finance firm – Bajaj Finance – rose as a lot as 3.51 per cent to hit an intraday excessive of Rs 5,036 on the National Stock Exchange a day after it reported March quarter earnings. Bajaj Finance’s internet revenue in January-March quarter got here in at Rs 1,346.64 crore, that marked a rise of 42 per cent from revenue of Rs 948 crore throughout the identical quarter final 12 months. For monetary 12 months 2020-21, Bajaj Finance’s internet revenue got here in at Rs 4,420 crore.
Bajaj Finance’s whole income from operations declined 5 per cent to Rs 6,850.62 crore on account of charges and fee revenue.
New loans booked over the past quarter of monetary 12 months 2020-21 had been 54.7 lakh as towards 60.3 lakh in the identical quarter final 12 months. Customer franchise as of 31 March 2021 stood at 48.57 million as towards 42.60 million as of 31 March 2020. The Company acquired 2.26 million new clients in This autumn FY21 as in comparison with 1.85 million in This autumn FY20, Bajaj Finance mentioned in a press launch.
Bajaj Finance’s internet curiosity revenue (NII) for This autumn FY21 was Rs 4,659 crore as towards Rs 4,684 crore in This autumn FY20. Interest revenue reversal for the quarter was Rs 298 crore as in comparison with Rs 122 crore in This autumn FY20.
Gross NPA and Net NPA as of 31 March 2021 stood at 1.79 per cent and 0.75 per cent respectively, as towards 1.61 per cent and 0.65 per cent as of 31 March 2020. The Company has provisioning protection ratio of 58 per cent on stage 3 belongings and 181 foundation factors on stage 1 and a couple of belongings as of 31 March 2021, Bajaj Finance added.
As of 10:26 am, Bajaj Finance shares traded 2.81 per cent larger at Rs 5,002, outperforming the nifty which was 0.65 per cent.
