🚨"Bajaj Finance's Exceptional Q3: 40% Net Profit Growth, A New Record"🚀
Key Takeaways of Bajaj Finance's Q3 Result in this🧵
1) Net profit rose by 40% from the previous year, totaling 2,973 crores.
#BajajFinance #bajaj_finance
Key Takeaways of Bajaj Finance's Q3 Result in this🧵
1) Net profit rose by 40% from the previous year, totaling 2,973 crores.
#BajajFinance #bajaj_finance
2) Bajaj Finance made 24% more money from net interest income compared to last year which is a very big positive.
NBFCs make money by charging more interest on loans they give out than the interest they pay to borrow money from other financial institutions or people.
NBFCs make money by charging more interest on loans they give out than the interest they pay to borrow money from other financial institutions or people.
3) Bajaj Finance's NPA ratio stands at 1.14% which is considered very low.
NBFC keep track of the money that people don't pay back by using a number called NPA. A lower NPA number means that the NBFC is able to get most of its money back from the people who borrowed it.
NBFC keep track of the money that people don't pay back by using a number called NPA. A lower NPA number means that the NBFC is able to get most of its money back from the people who borrowed it.
4) AUM increased by 27% to ₹ 2,30,842 crore compared to ₹ 1,81,250 crore on December 31, 2021.
5) The Company recorded highest ever new customer addition of 31.4 Lakh in Q3.
5) The Company recorded highest ever new customer addition of 31.4 Lakh in Q3.
6) In Q3, the Company added 29 new locations.
Geographic presence stood at 3,714 locations and 1,43,900+ distribution points as of 31 December 2022.
Geographic presence stood at 3,714 locations and 1,43,900+ distribution points as of 31 December 2022.
7) This is the current shareholding of Bajaj Finance Limited. 
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