Bajaj Finance share Rs 6,500 or Rs 9,000? Stock jumps 3% on 'perfect' Q4 results....
Bajaj Finance is one of the leading non-banking financial companies in India, offering various products and services such as consumer loans, wealth management, insurance, and digital payments. The company has been performing well in the recent quarters, despite the challenges posed by the Covid-19 pandemic and the economic slowdown. According to its latest quarterly results, Bajaj Finance reported a 36% year-on-year growth in its consolidated net profit to Rs 1,614 crore for the quarter ended September 30, 2021. The company also registered a 31% increase in its consolidated revenue from operations to Rs 7,779 crore for the same period. The company's assets under management (AUM) grew by 15% to Rs 1.66 lakh crore as of September 30, 2021, compared to Rs 1.37 lakh crore a year ago. The company's gross non-performing assets (NPA) ratio improved to 1.03% from 1.03% in the previous quarter and 1.34% in the same quarter last year. The company's net NPA ratio also improved to 0.37% from 0.39% in the previous quarter and 0.56% in the same quarter last year. The company's capital adequacy ratio stood at 28.4% as of September 30, 2021, well above the regulatory requirement of 15%. The company's board of directors declared an interim dividend of Rs 10 per equity share for the financial year 2021-22.
Bajaj Finance has been focusing on expanding its customer base and diversifying its product portfolio to cater to different segments of customers. The company has also been investing in digital transformation and innovation to enhance its customer experience and operational efficiency. The company has launched several new products and services in the recent months, such as Bajaj Pay, a comprehensive digital payment solution; Bajaj Health Prime, a subscription-based health care service; and Bajaj Finserv Health EMI Network Card, a co-branded health card that offers easy financing for medical expenses. The company has also partnered with various entities such as Amazon, Flipkart, Myntra, Samsung, Apple, and Reliance Digital to offer attractive financing options for online shoppers.
Bajaj Finance is optimistic about its growth prospects in the coming quarters, as it expects the demand for its products and services to increase with the festive season and the recovery of the economy. The company also plans to launch new products and services in areas such as education finance, rural finance, electric vehicle finance, and international business. The company aims to achieve a sustainable growth rate of 25-27% in its AUM over the next three to five years.
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