Bajaj Finance Limited
10,552words
3turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs
1.3
₹
16,537 crore
₹ 247,379
29%
34.1%
34.5%
₹ 3,158
30%
23.94%
22.80%
0.34%
0.68%
Guidance — 6 items
Corporate ID No.
opening
“We expect gradual moderation in margins in FY24.”
Subsidiaries
opening
“In Q1, payments stack will deliver enhanced experience with Payments CLP, refer and earn functionality for UPI and faster settlement for merchants.”
Subsidiaries
opening
“Bajaj EDC machines will be launched in Q1 FY24 with features like Merchant onboarding, Merchant lifecycle management and Merchant service.”
Subsidiaries
opening
“These machines will be enabled with CC/DC, EMI card, Bajaj Wallet, UPI, invoice financing and product financing.”
Subsidiaries
opening
“This presentation does not constitute or does not intend to constitute or form part of any offer or invitation or inducement to sell, or any solicitation of any offer or recommendation to purchase, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment therefor.”
Subsidiaries
opening
“There is no obligation to update, modify or amend this communication or to otherwise notify the recipient if information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.”
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Risks & concerns — 3 flagged
Given strong ALM management and diversified balance sheet profile, there was no impact of interest rate hikes on NIM in FY23.
— Corporate ID No.
Risk metrics across portfolios were strong in Q4.
— Corporate ID No.
Consolidated borrowing mix for Money Markets: Banks: Deposits: ECB stood at 45% : 33% : 21% : 1% Continuous transformation in product features and digital technologies to maintain competitive edge Has helped achieve multi product cross sell and manage risk & controllership effectively.
— Subsidiaries
Speaking time
1
1
1
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Opening remarks
Corporate ID No.
L65910MH1987PLC042961 www.bajajfinserv.in/corpo rate-bajaj-finance Q4 FY23 Investor Presentation 26 April 2023 Presentation Path Section 01 Section 03 Section 05 Section 07 Executive summary – Q4 FY23 Financial performance – Q4 FY23 36 Customer franchise and distribution reach 47 3 Update on credit quality 54 Section 02 Section 04 Section 06 Bajaj Finance Limited overview Asset liability management Business segment wise AUM 20 40 51 Click on the section to view 2 Section 01 Executive summary – Q4 FY23 1.1 Quarter and Year gone by 1.2 Lead financial indicators 1.3 Consolidated financial performance – FY23 1.4 Omnipresence strategy update 3 Q4 FY23 Executive summary Excellent quarter across all financial and portfolio metrics. Delivered ₹ 16,537 crore of core AUM growth in Q4. Added 3.09 MM new customers to the franchise in Q4. All products and services are now live on Web and App digital platforms. As of 31 March 2023, App platform has 35.5 MM net users. Core AUM Opex to NII PAT ROE Net
Balance Sheet and customer franchise
1. Core AUM was up 29% at ₹ 2,47,379 crore as against ₹ 1,92,087 crore as of 31 March 2022. 2. New loans booked increased by 20% to 29.58 MM as of 31 March 2023 as against 24.68 MM as of 31 March 2022. 3. Customer franchise increased by 20% to 69.14 MM as of 31 March 2023 as against 57.57 MM as of 31 March 2022. Operating efficiencies 4. Net Interest Income for FY23 was up by 32% to ₹ 28,846 crore as against ₹ 21,894 crore in FY22. 5. Opex to NII for FY23 was 35.1% as against 34.7% in FY22. Credit cost 6. In FY23, loan loss to average loan receivables was 1.47%. Loan losses and provisions for FY23 was ₹ 3,190 crore as against ₹ 4,803 crore in FY22. The Company has a management and macro-economic overlay provision of ₹ 960 crore as of 31 March 2023. Profitability and capital 7. Post before tax for FY23 grew 63% to ₹ 15,528 crore as against ₹ 9,504 crore in FY22. 8. Profit after tax for FY23 grew 64% to ₹ 11,508 crore as against ₹ 7,028 crore in FY22. 12 Executive summary FY23 - Consolid
Subsidiaries
11. BHFL profit after tax for FY23 grew by 77% to ₹ 1,258 crore as against ₹ 710 crore in FY22. 12. BHFL Net Interest Income grew by 52% in FY23 to ₹ 2,454 crore as against ₹ 1,612 crore in FY22. 13. BHFL Opex to NII stood at 25.7% in FY23 as against 29.2% in FY22. 14. BHFL Capital adequacy ratio (including Tier-II capital) as of 31 March 2023 stood at 22.97%. 15. BFSL delivered total income of ₹ 204 crore and profit after tax of ₹ 8 crore in FY23. 16. BFSL acquired 234K customers. The customer franchise stood at 565K as of 31 March 2023 in FY23. 13 Omnipresence strategy update 14 Omnipresence strategy update Geography – 19 new locations added 1. Total geographic footprint stood at 3,733 locations and 1,54,650+ distribution points. The Company added 19 new locations and 10,750+ distribution points in Q4 FY23. The Company added 229 new locations in FY23. Adding 150 new locations in Q1 FY24. App platform – Gone fully digital across all products and services 2. Phase 2 Sprint 3, the final
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