BAJAJ FINANCE
Bajaj Finance Limited is one of the largest burgeoning consumer finance segments in India which introduced interest-free EMI option in over 50 categories from consumer durables to lifestyle products to groceries. The company also has substantial business penetration in SMEs, commercial and rural lending. The shareholder pattern of Bajaj Finance is as follows: promoters with 56.12%, foreign institutional investors with 24.06%, public with 10.57%, domestic institutional investors with 9.08% and others with 0.17%.
The Boards of directors recommended declaring a dividend of Rs. 10 per equity share for the year ended on 31st March 2021. Meanwhile, the company reported an increase of 42% YoY, profit after tax at Rs. 1,347 Cr. while net interest income declined 0.5% to Rs. 4,659 Cr. from Rs.4,684 Cr. in Q4 FY20. Loan losses and provisions for Q4 FY21 were at Rs. 1,231 Cr. against Rs. 1,954 Cr. in Q4 FY20 while gross non-performing assets (NPA) declined to 1.79% as of March 2021 from 2.86% in the previous quarter.
The Q4 results of Bajaj Finance were exhilarating.
