Bajaj Finserv Limited
11,467words
2turns
0analyst exchanges
0executives
Key numbers — 40 extracted
34.16%
39.06%
51%
51.42%
74%
80.13%
100%
60.69%
54.94%
54.78%
rs,
33%
Guidance — 4 items
Consolidated borrowing mix for Money Markets
opening
“This does not in any way imply a forecast or expectation for FY24.”
Highlights for the quarter
opening
“Any opinion, estimate or projection constitutes a judgment as of the date of this presentation, and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection.”
Highlights for the quarter
opening
“No representation, warranty, guarantee or undertaking, express or implied, is or will be made as to, and no reliance should be placed on, the accuracy, completeness, correctness or fairness of the information, estimates, projections and opinions contained in this presentation.”
Highlights for the quarter
opening
“By viewing this presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company.”
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Risks & concerns — 5 flagged
5,922 Cr in Q3 FY23; Given the increase in risk weights and higher incremental cost of funds, the Company has increased rates across all portfolios by 20-30 bps As of 31 Dec 2023, deposits book stood at Rs.
— Consolidated borrowing mix for Money Markets
2,973 Cr in Q3 FY23, While NIM continues to soften gradually on account of lagged effect of cost of funds increase, in Q3, elevated loan losses and impact of Regulatory action has led to profit growth being lower by approximately 5-6%.
— Consolidated borrowing mix for Money Markets
On 16 November 2023, the RBI increased risk weights on consumer credit exposure from 100% to 125% which had 290 bps impact on the Company’s CRAR.
— Consolidated borrowing mix for Money Markets
Health, Q3 FY24 GDPI grew by 19.6% v/s Private sector growth of 14.8% and Industry# growth of 9.4% contributed mainly by Strong growth in Commercial lines* (19%), Group health (36%), Retail health (15%) partially offset by decline in crop insurance (17%).
— Consolidated borrowing mix for Money Markets
Growth significantly better than the market in almost all profitable segments Muted growth of 5% in motor segment (slowdown in line with industry and due to focus on preferred lines of business).
— Consolidated borrowing mix for Money Markets
Speaking time
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Opening remarks
Consolidated borrowing mix for Money Markets
Banks: Deposits: ECB stood at 45% : 33% : 22% 12 BFL Consolidated Results – Q3 FY24 Highlights Performance Highlights of Q3 FY24 over Q3 FY23 (Ind AS) All Figures in ₹ Crore CY 3,06,389 3,06,389 8.04 Crore 8.04 Crore 36% 22% PY 2,25,399 2,25,399 Book Size 6.61 Crore 6.61 Crore Customer Franchise CY 1.2%1.2% 5.5%5.5% 9,298 9,298 25% 7,438 7,438 3,639 3,639 22% 2,973 2,973 Net Total Income Profit After Tax Capital Adequacy stands at 23.87% as of 31 Dec 2023 vs 23.19% as of 30 Sep 2023 (against the regulatory requirement of 15%). Tier 1 Capital stands at 22.80% as of 31 Dec 2023 vs 21.88% as of 30 Sep 2023. PY 1.4%1.4% Return on Assets (Non-annualized) 6.0%6.0% ROE (Non-annualized) 13 BFL – Key Highlights Q3 FY 2023-24 AUM & Business Franchise Growth NIM Metrics, Liquidity and Operating Expense AUM as on 31 Dec 2023 stood at Rs. 3,10,968 Cr vs Rs. 2,30,842 Cr last year (35% growth); AUM growth in Q3 FY24 was Rs. 20,704 Cr 98.6 Lakh new loans booked in Q3 FY24 as against 78.4 Lakh in
Highlights for the quarter
For Q3 FY24 BFSD attracted around 8.4 MM consumers and acquired more than 0.19 MM customers against 10MM consumers and 0.23 MM customers in Q2 FY24. BFSD Lending (Unsecured + Secured, both BFL and Partnerships) disbursement for the quarter stood at Rs. 1,664 Cr against Rs. 1,658 Cr in previous quarter. BFSD sourced 36,603 cards in this quarter, against 82,828 cards in previous quarter on account of lower EMI card sourcing. 50 Digital Technology Services business STRATEGY Be a leading digital technology services provider from India in the financial services sector through deep domain expertise and execution capabilities. Build scale & focus on profitability. • • Portfolio of 6 technology Services to address business needs of BFSI industry basis strong domain & technology expertise we possess IT services business is a cost + margin business model with shorter investment cycle • We offer end-to-end services including design, development, implementation & support for Digital technolo
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