Bajaj Finserv Financial Performance Q1 FY21
Executive summary - Q1 FY21
B
BAJAJ
FINSERV
34. Over the last 5 years, the Company has made significant investments in broadening its presence in payments railroad through its
EMI card, Credit Card and Wallet offerings. It will accelerate integration of its sales finance ecosystem on its payment railroad.
35. Over the last 3 years, the company has been testing its omnichannel strategy of 'online to offline' and 'offline to online' by
integrating customers and retailer ecosystem. It is working on integration of its ‘020' model to deliver significantly higher velocity
to its merchant ecosystem and reduced friction for its customers. This transformation will help retailers sell more products and
also help the Company sell more financial services at point of sale as well as subsequently.
36. Existing customers would be able to access financial services across lending, insurance, investments and payments in maximum 3
clicks.
Subsidiary
37. Bajaj Housing Finance Ltd (BHFL) continued to grow in a robust manner delivering profit after tax growth of 31% to 92 crore in Q1
FY21 against 70 crore in Q1 FY20.
38. BHFL'S AUM increased by 52% to 32,982 crore as of 30 June 2020 from 21,745 crore as of 30 June 2019.
39. BHFL's Net Interest Income for Q1 FY21 was up by 23% to 243 crore from 198 crore in Q1 FY20.
40. BHFL's Opex to NII improved to 30.4% in Q1 FY21 as against 41.4% in Q1 FY20.
41. During the quarter, BHFL made a contingency provision of
COVID-19 to 94 crore as of 30 June 2020.
44 crore for COVID-19 taking the overall contingency provision for
42. Bajaj Financial Securities Ltd (BFinsec) made a net loss of 1.82 crore in Q1 FY21.
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