Bajaj Finance

“continue to grow from there on and get to as per last as I say INR11 lakh crores number by FY30.”

“exiting the year, they would be at INR800 crores a month, and should continue to probably get to INR1,300 crores, INR1,400 crores a month sometime by third quarter of next year.”

“exiting the year, they would be at INR800 crores a month, and should continue to probably get to INR1,300 crores, INR1,400 crores a month sometime by third quarter of next year.”

“And we are reasonably comfortable with the credit cost outlook for FY27.”

“maintaining credit costs that, as I've said, that probably it's likely that in the 4 years, this is likely to be one of the lowest years on credit costs.”

“urban consumer finance grew by 43%, rural consumer finance by 63%. MFI grew on a low base, grew 54%, CV and Tractor on low base grew 89%, LAS grew 42%”

“captive book, as you're aware, as I've been talking for the last 2 quarters, continues to wind down and would create significant tailwinds for us in terms of credit costs as you move forward is now down to just INR2,400-odd crores.”

“MSME grew by 3%. It should now start to grow actually. So, we should start to see as we get in the second half, a double-digit kind of growth momentum in the business.”

“Their disbursements in AUM grew 25%, Sambhav loans which are affordable loans crossed 500 crores in monthly disbursement.”

“the PAT grew 18% despite very, very intense competitive environment that they continue to face and ROE improved as a result of improving leverage to 12.7% from 12.2%”

“So, coming in at 87% LPA is a much better number than it seemed as a 30-year biggest LNO.”

“Now on credit quality, loan loss to average AUF improved to 1.56% from 1.88% last year.”

“Excluding this provision, the loan losses and provisions actually declined year-on-year by 12% and loan loss to average AUF in the process would look to be like 1.32%.”

“I think H1 NIM over March is about 5 basis points lower. The Q1 was marginally higher. Q2 was 10- 12 basis points lower than Q1.”

“Liquidity buffer remained strong at just a tad below 20,000 crores.”

“Cost of funds came down sequentially by 9 basis points and came in at 7.31%.”

“Deposit book is 14%. We've increased rates in Q2. And hopefully, we will see some momentum here as we move forward.”

“In the last quarter, we have done a significant amount of interest rate hedging that has brought down the cost of fund effectively in the last quarter at BFL and BHFL level.”

“the Board approved subject to shareholder approval. 11,700 crores of QIP and preferential warrants by Bajaj Finserv to the tune of 5,800 crores in accordance of course, with subject to approvals by the shareholders.”

“the Board approved subject to shareholder approval. 11,700 crores of QIP and preferential warrants by Bajaj Finserv to the tune of 5,800 crores in accordance of course, with subject to approvals by the shareholders.”

“It's pretty much for growth that we are looking to raise capital as we move forward.”

“One, last 3 years ago, we raised INR10,000 crores Since then, exactly the balance sheet ending this year would have grown double.”

“So we'll lower the corridor from 5.5% to 6% to 5% to 5.5%. We are right now at 5.1%.”

“Because at the end of the day, we intend to remain 75% holder, we today are 87% holder.”

“We could very well raise part of this, you are right, from BHFL dilution. We have 3 years' time.”

“We're already launching a set of different variants of term loans on first of November, which do not allow of course withdrawal, but has some more attractive features to ensure that we can find a middle path in the term loan structure.”

“This is before the macroeconomic provision that we've created of another INR 337 crores”

“the fundamental reason for creating overlay, let me articulate it not because we see stress building. I want us to remember always that this is bullet proofing of the business. It is for resilience.”

“We have done stress testing on those set of customers and propose a higher provisioning on the customers who are in Stage 1 in the unsecured non-salary portfolio.”

“The overall macro provision stands at about INR226 crores.”

“On the management overlay side, we have created a provision of INR512 crores, INR185 crores was taken in last quarter and INR327 crores we have taken in the current quarter.”

“It actually includes a 1,047 crores increase in Stage 2 in the gold loan business, due to the short tenure schemes that we have actually launched when the new RBI guidelines came out and that has had an impact. We have since August stopped doing short-tenor schemes as a firm.”

“out of the 1,099 crores, which is close to 1,100 crores came from gold loan in Stage 2, 550 crores has already been resolved and has flown back to Stage 1.”

“on MSME specifically, we're seeing it's nothing as for growth, there's no denominator growth. So, you should actually see this number as a peaking number.”

“So, we will keep bringing down the 2PL, 3PL number business by business further. Further means by half or we'll half it by Feb again.”

“So let me give a clear example, El Nino that we are seeing in the country, we are at 87% monsoon at this point in time or the oil price, which is now constantly hovering at USD100 to USD110 kind of price.”

“AUM, as you can see, grew by 26.5% to INR 5,84,624 crores, delivering net AUM addition of close to INR 38,000 crores in the quarter.”

“PAT grew by 29% to INR6,367 crores. Before macro overlay provision, it grew by 34% to INR6,619 crores.”

“PBT grew by 29% to INR 8,537 crores in Q2.”

“ROA for the quarter came in at 4.6% and ROE came in at 20.6%. Opex to total income was 33% and net NPA came in at 42 basis points.”

“New loans grew 11% to 13.5 million. There is some level of noise in year-on-year number because last year's season was earlier this year’s season is later.”