{"id":135216,"date":"2022-10-27T05:15:11","date_gmt":"2022-10-27T09:15:11","guid":{"rendered":"https:\/\/44.250.171.167\/?p=135216"},"modified":"2023-04-25T08:28:00","modified_gmt":"2023-04-25T12:28:00","slug":"the-story-behind-bajaj-finance-q2fy23-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/the-story-behind-bajaj-finance-q2fy23-results\/","title":{"rendered":"The Story Behind Bajaj Finance Q2FY23 Results"},"content":{"rendered":"\n

\u201cAn excellent first half for the company across balance sheet growth, portfolio quality and profitability. Strong momentum across all lines of businesses with secular AUM growth in the first half. Confident of strong FY23.\u201d<\/p>– Management, Bajaj Finance Ltd.<\/cite><\/blockquote>\n\n\n\n

Bajaj Finance Ltd.<\/a> reported its highest ever net profit for the June – September Quarter. The 88% YoY growth in the net profit comes on the back of increase in Assets Under Management and reduction in Loan Loss provision. <\/strong><\/p>\n\n\n\n

Thus, indicating that the lender has experienced growth in new businesses as well as an improvement in asset quality.<\/strong><\/p>\n\n\n\n

Financial Results:<\/strong><\/p>\n\n\n\n

\u20b9 in Cr.<\/strong><\/td>Q2FY23<\/strong><\/td>Q2FY22<\/strong><\/td>YoY%<\/strong><\/td><\/tr>
Assets Under Management<\/td>2,18,366<\/td>1,66,937<\/td>31%<\/td><\/tr>
Net Interest Income<\/td>7,001<\/td>5,337<\/td>31%<\/td><\/tr>
Loan Loss Provision<\/td>734<\/td>1,300<\/td>(44%)<\/td><\/tr>
Profit After Tax<\/td>2,781<\/td>1,481<\/td>88%<\/td><\/tr>
Net NPA %<\/td>0.44%<\/td>1.10%<\/td>(66 bps)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Forward Guidance:<\/strong><\/p>\n\n\n\n

As per the investor presentation<\/a>, the long term guidance for the lender would suggest that the management is confident in the future of the business. The management anticipates that the company would not experience a slow down in regards to AUM & Profit growth while anticipating that the asset quality would be of high quality in future periods.<\/p>\n\n\n\n

Long Term Guidance<\/strong><\/td>Range<\/strong><\/td><\/tr>
AUM Growth<\/td>25% – 27%<\/td><\/tr>
Profit Growth<\/td>23% – 24%<\/td><\/tr>
GNPA<\/td>1.4% – 1.7%<\/td><\/tr>
NNPA<\/td>0.4% – 0.7%<\/td><\/tr>
ROA<\/td>4% – 4.5%<\/td><\/tr>
ROE<\/td>19% – 21%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

To further read into the company\u2019s workings, check out this link<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cAn excellent first half for the company across balance sheet growth, portfolio quality and profitability. Strong momentum across all lines of businesses with secular AUM growth in the first half. Confident of strong FY23.\u201d – Management, Bajaj Finance Ltd. Bajaj Finance Ltd. reported its highest ever net profit for the June – September Quarter. The […]<\/p>\n","protected":false},"author":1885,"featured_media":135218,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,1,6352,6350],"tags":[9708],"class_list":["post-135216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-finance-stocks","category-research-summary","category-trending-stocks","tag-nbfc"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-108274999.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":179379,"url":"https:\/\/alphastreet.com\/india\/bajaj-finance-ltd-reports-23-consolidated-profit-growth-in-q3-fy26-results\/","url_meta":{"origin":135216,"position":0},"title":"Bajaj Finance Ltd Reports 23% Consolidated Profit Growth in Q3 FY26 Results","author":"Staff Correspondent","date":"February 3, 2026","format":false,"excerpt":"The company delivered strong AUM expansion of 22% and introduced its LRS 2026-30 strategic framework. 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