Bajaj Finance - Q1FY13 result first cut - Microsec Research

Bajaj Finance Ltd has announced its Q1FY13 result on 17th July 2012. The company's top line increased by 13.68% QoQ and 55.95% YoY to INR701.27 crores while, bottom line increased by 28.10% QoQ and 52.73% YoY to INR138.69 crores.

During the quarter, the customer acquired by the company up by 38% to 752231 from 543092 in Q1FY12. Deployment during Q1FY13 up by 32% to INR4728 crores from INR3588 crores in Q1FY12. Moreover, the Assets Under Management (AUM) grew by 60% YoY to INR14485 crores against INR9025 crores in the same period last year. On the assets quality front, the NNPA for Q1FY13 stood at 0.10% against 0.46% in Q1FY12, decreased by 36bps. The NNPA for this quarter is the lowest for the company in last 5 years. Moreover, the company continues to be well capitalized to support its growth trajectory, the Capital Adequacy Ratio (CAR) stood at 16.8%.

Source : Equity Bulls

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