Financial Overview and Strategy

Financial snapshot BAJAJ B FINSERV in Crores Financials snapshot FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18° (Consol.) FY19° Yo Y CAGR (Consol.) (FY18-FY19) (12 yrs) Assets under management 2,478 2,539 4.032 7,573 13,107 17,517 24,061 Income from operations 503 599 916 1,406 2,172 3,110 4,073 Interest expenses 170 164 201 371 746 1,206 1,573 5,418 2,248 32,410 44,229 7,333 60,196 82,422 1,15,888 41% 42% 9,989 12,757 18,502 45% 39% 2,927 3,803 4,614 6,624 44% 40% Net Interest Income (NII) 332 435 715 1,035 1,426 1,904 2,500 3,170 4,406 6,186 8,143 11,878 46% 38% Operating Expenses 193 220 320 460 670 850 1,151 1,428 1,898 2,564 3,270 4,198 28% 32% Loan Losses & Provision 109 164 261 205 154 182 258 385 543 804 1,030 1,501 46% 27% Profit before tax 30 51 134 370 602 872 1,091 1,357 1,965 2,818 3,843 Profit after tax 21 34 89 247 406 591 719 898 1,279 1,837 6,179 61% 2,496 3,995 60% 62% 61% Ratios FY08 FY09 FY10 FY11 FY 12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 Opex to NII 58.1% 50.6% 44.8% 44.4% 47.0% 44.6% 46.0% 45.0% 43.1% 41.4% 40.2% 35.3% Return on assets 0.9% 1.4% 2.8% 4.4% 4.2% 4.1% 3.6% 3.3% 3.5% 3.7% 3.7% 4.2% Return on equity 2.0% 3.2% 8.0% 19.7% 24.0% 21.9% 19.5% Net NPA * 7.05% 5.50% 2.20% 0.80% 0.12% 0.19% 0.28% 20.4% 0.45% NPA provisioning coverage 29% 32% 55% 79% 89% 83% 76% 71% 20.9% 21.6% 20.1% 22.5% 0.28% 0.44% 0.43% 0.63% 77% 74% 70% 60% @ All figures till including FY17 are as per previous GAAP, whereas for FY18 and FY19 are as per IndAS * As per the RBI regulations, NNPA numbers for upto FY15 are at 6 months overdue, FY16 are at 5 months overdue, FY17 are at 4 months overdue and FY18 onwards are at 3 months overdue. Hence NPA across periods are not comparable 57

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