Investor Presentaiton
Lead financial indicators (3/6)
Profitability and capital
BAJAJ FINANCE LIMITED
20. Consolidated pre-provisioning operating profit grew by 27% to 6,142 crore in Q3 FY24 as against 4,853 crore in Q3 FY23.
21. Consolidated profit before tax grew by 22% to 4,896 crore in Q3 FY24 as against 4,012 crore in Q3 FY23. While NIM
continues to soften gradually on account of lagged effect of cost of funds increase, in Q3, elevated loan losses and impact
of Regulatory action has led to profit growth being lower by approximately 5-6%.
22. Consolidated profit after tax grew by 22% to ₹ 3,639 crore in Q3 FY24 as against ₹2,973 crore in Q3 FY23.
23. In Q3, the Company delivered annualized ROA of 4.92% as against 5.43% in Q3 FY23.
24. In Q3, the Company delivered annualized ROE of 21.95% as against 23.98% in Q3 FY23.
25. Capital adequacy remained strong at 23.87% as of 31 December 2023. Tier-1 capital was 22.80%. On 16 November 2023, RBI
increased risk weights on consumer credit exposure from 100% to 125% which had an impact of 290 bps on the Company's
CRAR. Adjusted for this change CRAR would have been 26.77%.
Additional update
26. On 2 November 2023, the Company allotted 1,550,000 warrants at a price of 7,670 per warrant, on a preferential basis, to
Bajaj Finserv Limited, the promoter and holding company, on receipt of application money aggregating to
297.21 crore
being 25% of the total consideration. The remaining 75% of the consideration will be paid at the time of conversion of
warrants into equity shares anytime within eighteen months from the date of allotment.
27. On 9 November 2023, the Company allotted 12,104,539 equity shares through QIP to eligible investors at a price of 7,270
per equity share (including a premium of ₹7,268 per equity share) aggregating approximately ₹ 8,800 crore.
28. On 19 January 2024, the Company acquired 26.53% equity stake on a fully diluted basis of Pennant Technologies Private
Limited for an aggregate amount of 267.47 crore.
8View entire presentation