Bajaj Finserv - Covid-19 Update and Business Continuity Plan
BFL - Key Highlights
Q1 2020-21
B
BAJAJ
FINSERV
AUM growth moderated to 7% YoY to Rs. 138,055 crore from Rs. 128,898 crore as of 30 June 2020
New loans booked declined by 76% to 1.7 Mn in Q1 FY21 from 7.27 Mn in Q1 FY20. Company
acquired 0.53 Mn new customers in Q1 FY21.
Company through its Zero based budgeting exercise have rationalized all opex lines & optimized its
expenses. This is reflected in lower opex to NII i.e. 27.9% in Q1 FY21 vs 35% in Q1 FY20
Q1 FY21 Profit contracted by 19% to Rs. 962 crore after taking contingency provision of Rs. 1,450
crore and interest income reversal of Rs. 220 crore. Adjusted for contingency provisions for Covid-19
for same, PAT was up by 71%.
Return on Assets for the quarter was 0.7% and Return on Equity was 2.9%. Adjusted for the Covid-
19 provision, ROA for the quarter was 1.49% and ROE was 6.1%.
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