Q4FY22 Result Update - Bajaj Finance - ICICI Direct

Healthy business momentum, improved asset quality.

- Strong NII growth at 30% YoY largely in line with estimates at Rs. 60640 crore
- C/I steady to 34.6% vs. 34.7% QoQ as costs were controlled
- GNPA, NNPA ratio declined to 1.60%, 0.68%, respectively, in Q4FY22
- PAT grew 80% YoY and 14% QoQ to Rs. 2420 crore

Key triggers for future price performance

- Digital transformation with robust customer additions and wallets to boost profitability factoring initial cashbacks as part of opex, no impact on profit

- Asset quality performance continues to improve

- RoE at ~18% and RoA at >3.5%

- To seek clarification from RBI on credit cards business

For details, click on the link below: Link to the report

Shares of Bajaj Finance Limited was last trading in BSE at Rs. 7240.70 as compared to the previous close of Rs. 7009.05. The total number of shares traded during the day was 55451 in over 8287 trades.

The stock hit an intraday high of Rs. 7260.00 and intraday low of 7095.65. The net turnover during the day was Rs. 398311222.00.

Source : Equity Bulls

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BajajFinance INE296A01024 Q4FY22 ResultUpdate ICICIDirect