menu

MarketData

Credit Market

2 Aug 2022

Bajaj Finance Credit Analysis-Weekly Credit Analysis

linkedIn Logo twitter logo

During Q1FY23, Bajaj Finance registered 47% annual growth in net interest income and 179% growth in net profit. During FY22, its NII grew by 26% while net profit increased by 60.52% on yearly basis.

author dp
Subhasis Mishra

 

Bajaj Finance Ltd Financial performances

Parameters (Rs billion)

Q1FY23

Q1FY22

% Growth

NII

61.4

41.53

47.84%

PAT

23.56

8.43

179.48%

AUM

1499.81

1195.67

25.44%

CRAR

26.16%

28.57%

Leverage

3.9

3.8

GNPA

1.25%

1.86%

NNPA

0.51%

1.46%

 

Parameters (Rs billion)

FY22

FY21

% Growth

NII

202.98

161.00

26.07%

PAT

63.5

39.56

60.52%

AUM

1467.43

1154.18

27.14%

CRAR

27.22%

28.34%

Leverage

4.9

4.7

NNPA

0.68%

0.75%

 

Recently traded bond yield levels

Date

ISIN

Coupon (%)

Yield (%)

Maturity

12-Jul-22

INE296A07RB5

7.10

6.28

10-Feb-23

12-Jul-22

INE296A07QN2

0.00

5.50

2-Sep-22

14-Jul-22

INE296A07RB5

7.10

6.23

2-Oct-23

15-Jul-22

INE296A07QN2

0.00

5.37

9-Feb-22

21/Jul/22

INE296A07QN2

0.00

5.60

9-Feb-22

22-Jul-22

INE296A07QH4

7.70

6.12

28-Dec-22

25-Jul-22

INE296A07QH4

7.70

6.11

28-Dec-22

27-Jul-22

INE296A07QX1

7.35

6.23

11-Oct-22

27-Jul-22

INE296A07QN2

0.00

6.00

9-Feb-22

27-Jul-22

INE296A07RB5

7.10

6.50

2-Oct-23

28-Jul-22

INE296A07RB5

7.10

6.48

2-Oct-23

29-Jul-22

INE296A07RB5

7.10

6.10

2-Oct-23

 

 

Bajaj Finance Limited is an Indian financial services company which operates in the segments like lending, asset management, wealth management and insurance. This company belongs to Bajaj Holdings & Investments Limited group.

 

Credit Rating- Bajaj Finance Limited has been rated as AAA by CRISIL, India Rating & ICRA.

 

Capitalization-Bajaj Finance has been able to maintain comfortable capitalization in past years. This can be evident from its capital adequacy ratio which stood at 26.16% as of 30th June 2022 as compared to 27.22% as of 31st March 2022.

 

Robust Operating performance- During Q1FY23, Bajaj Finance registered 47% annual growth� in net interest income and 179% growth in net profit. During FY22, its NII grew by 26% while net profit increased by 60.52% on yearly basis.

 

Improvement in Asset Quality- As of 30th June 2022, net NPA stood at 0.51% as compared to 0.68% as of 31st March 2022.

 

 

Disclaimer:
Information herein is believed to be reliable but Arjun Parthasarathy Editor: INRBONDS.com does not warrant its completeness or accuracy. Opinions and estimates are subject to change without notice. This information is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The financial markets are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved. Unauthorized copying, distribution or sale of this publication is strictly prohibited. The author(s) of the content published in the site INRBONDS.com may or may not have investments in the assets discussed in the pages/posts.

Copyright © INRBONDS.com by Arjun Parthasarathy 2019-2023

report image

AAA Bond Spreads Trend Higher as G-secs Sell Off

24 Aug 2020

Paresh Nemade

report image

AAA PSU Credit Spreads Fall even as G-sec Yields Rise

31 Aug 2020

Paresh Nemade