BFL Loan Loss Provision and Operating Expenses
BFL Key Highlights
Q1 FY 2021-22
BAJAJ
B FINSERV
Profitability & Capital
Position
Subsidiaries - Q1 2021-22
■ Despite higher provisioning, profit after tax (PAT) for Q1 FY22
increased by 4% to Rs. 10,024 Mn compared to Rs. 9,623 Mn in Q1
FY21
■ Capital adequacy remained very strong at 28.57% as of 30 June
2021. Tier-1 capital was 25.41%
A. Bajaj Housing Finance Limited (BHFL)
■ AUM increased by 24% to Rs. 409,409 Mn as of 30 June 2021 from Rs. 329,822 Mn as of 30 June
2020
☐
Profit after tax (PAT) increased by 75% to Rs. 1,605 Mn in Q1 FY22 against Rs. 918 Mn in Q1 FY21
on account of higher net interest income and low er loan loss provisions Rs. 259 Mn in Q1 FY22 vs Rs.
452 Mn in Q1 FY21;
Net Interest Income for Q1 FY22 increased by 38% to Rs. 3,348 Mn from Rs. 2,427 Mn in Q1 FY21
Opex to NII decreased to 27.2% in Q1 FY22 as against 30.5% in Q1 FY21;
BHFL's Capital adequacy ratio (including Tier-Il capital) as of 30 June 2021 stood at 22.07%
B. Bajaj Financial Securities Limited
■ Total Income of Rs. 150 Mn in Q1 FY22 against Rs. 29 Mn in Q1 FY21; Net loss of Rs. 32 Mn in
Q1 FY22
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