Bajaj Finance - Q4FY13 Result First Cut - Microsec

Bajaj Finance Ltd announced its Q4FY13 and FY13 result.

In Q4FY13, the company's top line increased by 0.92% QoQ and 34.47% YoY to INR832.25 crores. whereas, bottom line increased by 2.32% QoQ and 51.30% YoY to INR163.81 crores. For the full year of FY13, company's top line increased by 43.03% YoY to INR3093.72 crores. Whereas, bottom line increased by 45.49% YoY to INR591.31 crores.

During the quarter, the company has acquired 120488 new customers which tend it to 622513 customers, up by 24% YoY. Moreover, company is well capitalized to support its growth trajectory, Capital Adequacy Ratio (CAR) stood at 21.95%. Provision Coverage Ratio stood at 83%, which positioned it to tame any time liabilities.

The Board of Directors have recommended a dividend of INR15 per equity share of INR10 each.

Source : Equity Bulls

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