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Bajaj Finance Ltd. had an excellent Q2’11, with robust volume growth in Consumer and SME segments. The company focused on provisioning standards, resulting in a commendable NPA coverage ratio of 75%. PAT surged by 143% to Rs. 52.8 Crores, and credit ratings remained strong. Operating metrics showed significant improvements, with key financial indicators seeing substantial growth.
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Q2’11 Overview • An excellent quarter aided by strong volume growth in Consumer and Small and Medium Enterprise business lines. • Continuous strengthening of provisioning standards. NPA provision coverage ratio as at September 2010 stood at 75%. • Q2’11 PAT growth of 143% to Rs 52.8 Crores over Q2’10. • Continued focus on longer tenor borrowings including Tier II capital. • Holding credit ratings at FAA+, P1+ and FAAA.
Snapshot – Q2’11 Disbursements 112 % QoQ Book Size Revenue 49% QoQ Customers acquired 64 % QoQ
Snapshot – Q2’11 Operating Expenses % of NII Loss provision 5% QoQ Net NPA Reducing NPA NII 40% QoQ
Snapshot – Q2’11 ROTA(%) (annualized) Capital adequacy Pre-tax profit 141% QoQ Earnings per share143 % QoQ