Bajaj Finance Q2 Results FY2023, PAT at Rs. 1481 crores

Bajaj Finance Q2 Results FY2023

by Shreya Anaokar Last Updated: Dec 09, 2022 - 02:05 pm 13k Views
Listen icon

On 20th October 2022, Bajaj Finance announced its second quarter results for the period ending 30th September 2022. 

Q2FY23 Performance updates:

-  Net interest income for Q2FY23 increased by 31.2% to Rs. 7,001 crores from Rs. 5,337 crores in Q2FY22.  
- Total operating expenses to net interest income for Q2FY23 was 35.9% as against 38.1% in Q2FY22. 
- Profit before tax for Q2FY23 increased by 87.2% to Rs. 3,752 crores from Rs. 2,004 crores in Q2FY22.
- Profit after tax for Q2FY23 increased by 87.8% to Rs. 2,781 crores from Rs. 1,481 crores in Q2FY22.  

Business Highlights:

- New loans booked during Q2FY23 grew by 7% to 6.76 million as against 6.33 million in Q2FY22. 
- Customer franchises stood at 62.91 million as of 30 September 2022 as compared to 52.80 million as of 30 September 2021, seeing a growth of 19%. The Company's customer franchise grew by 2.61 million in Q2FY23. 
- Assets under management (AUM) grew by 31% to Rs. 218.366 crores as of 30 September 2022 fromRs.166,937 crores as of 30 September 2021. AUM in Q2FY23 grew by Rs. 14,348 crores. 
- Gross NPA and Net NPA as of 30 September 2022 stood at 1.17% and 0.44% respectively, as against 2.45% and 1.10% as of 30 September 2021. The Company has a provisioning coverage ratio of 62% on stage 3 assets and 120 bps on stage 1 and 2 assets as of 30 September 2022.  

The Bajaj Finance share price dropped by 2.93%.

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Shreya Anaokar is a Content Writer at 5paisa. She has completed her Master’s in Finance and Graduation in Statistics from the University of Mumbai. 


Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
What you must know about Accent Microcell IPO?

Accent Microcell Ltd is a 11 year old company, incorporated in the year 2012 to produce high-quality cellulose-based excipients. These excipients find application in the pharmaceutical, nutraceutical, food, cosmetic and other industries.

Electric Two-Wheeler Sales Surge in November: A Close Examination

In November, sales of electric two-wheelers witnessed impressive growth, totaling just over 91,000 units. This marks a nearly 20% increase compared to the same month last year and a 22% rise from October.

HUL Strategically Divides Beauty and Personal Care for Modern Beauty Brand Challenges

Hindustan Unilever Ltd (HUL) is making strategic moves to enhance its competitiveness in the beauty and personal care market. Starting April 1, the company will split its beauty and personal care division into two separate entities—beauty and wellbeing (B&W) and personal care (PC).