Bajaj Finance Limited - SECOND QUARTER RESULTS SEPTEMBER 2014

Bajaj Finance Limited

SECOND QUARTER RESULTS

SEPTEMBER 2014

Key performance highlights

·       Profit before tax for Q2 FY15 é18% to `299 Crores from `253 Crores in Q2 FY14

·       Profit  after tax for Q2 FY15 é18% to `197 Crores from `167 Crores in Q2 FY14.

·       Assets Under Management during Q2 FY15 é41% to `28,004 Crores From`19,829 Crores in Q2 FY14.

·       Deployments during Q2  FY15  é50%to `7,816 Crores from `5,200 Crores in Q2 FY14.

·       Total income for Q2 FY15 é29% to `1,242 Crores from `964 Crores in Q2 FY14.

·       Customers acquired during Q2 FY15 é42% to 9,78,174 from 6,89,772 in Q2 FY14.

·       Loan losses and provisions for Q2 FY15 é54%to `80 Crores as against `52 Crores in Q2 FY14.

·       Return on Assets and Return on Equity for Q2 FY15 were 0.7% and 4.6%(not annualized) respectively.

·       Gross NPA and Net NPA for Q2 FY15 stood at 1.41% and 0.48% respectively.

·       The provisioning coverage  ratio stood at 67% as of 30 September 2014. The Company continues to provide for loan losses in excess of  RBI requirements.

·       Portfolio remained healthy however the movement in gross and net NPA was on account of an Infra account slipping into NPA. Adjusted for the same, Gross and Net NPA would have remained in line with recent trends.

·       Capital adequacy ratio (including Tier-II capital) stood at 19.30%. The company during the quarter has raised Tier-II capital of ` 453 crores which helped augment its capital adequacy by around 125 bps. The Company continues to be well capitalized to support its growth trajectory

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RESULTS TABLE

BAJAJ FIN	30-Sep-14	30-Jun-14	Dif % QoQ	30-Sep-13	Dif % YoY
Net Sales	117025	118010	-0.83	87420	33.87
Total Expenditure	39864	42572	-6.36	32920	21.09
Profit  before Interest, Dep. & Taxes	77161	75438	2.28	54500	41.58
Net Profit	19715	21136	-6.72	16704	18.03
Diluted EPS	39.16	42.1	-6.98	33.35	17.42
Total Income	123221	124361	-0.92	96165	28.13
Profit before tax	29873	32060	-6.82	25270	18.22
Tax Expenses	10158	10924	-7.01	8566	18.59
Net Profit	19715	21136	-6.72	16704	18.03
Face Value	10	10	0	10	0
Paid-up Equity	5014	5014	0	4978	0.72
Basic EPS	39.52	42.46	-6.92	33.56	17.76
Diluted EPS	39.16	42.1	-6.98	33.35	17.42
Public Shareholding (%)	38.39	38.39	0	37.93	1.21

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