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BAJFINANCE - Bajaj Finance News Story

₹3474.8 2.9  0.1%

Last Trade - 18/09/20

Sector
Financials
Size
Large Cap
Market Cap £21.85bn
Enterprise Value £33.06bn
Revenue £2.85bn
Position in Universe 13th / 3004

BRIEF-India's Bajaj Finance June-Quarter PAT Falls

Tue 21st July, 2020 8:25am
July 21 (Reuters) - Bajaj Finance Ltd  BJFN.NS :
    * JUNE-QUARTER PAT 8.7 BILLION RUPEES VERSUS PROFIT OF 11.25
BILLION RUPEES
    * JUNE-QUARTER INTEREST INCOME 51.01 BILLION RUPEES VERSUS
46.42
BILLION RUPEES
    * CO'S BUSINESS OPERATIONS IN Q1 FY21 WERE "CONSIDERABLY
IMPACTED"
DUE TO COVID-19 PANDEMIC
    * CONSOL AUM AS OF 30 JUNE 2020 GREW BY 7% TO 1.38 TRLN
RUPEES
    * COVID-19 PANDEMIC RESULTED IN SIGNIFICANTLY LOWER BUSINESS
ACQUISITION & CONSTRAINTS ON RECOVERY OF OVERDUES FROM CUSTOMERS
IN QUARTER
    * MADE ADDITIONAL COVID-19 PROVISION OF 14.5 BILLION RUPEES
TAKING
TOTAL TO 23.5 BILLION RUPEES AS OF JUNE 30, ON CONSOL BASIS
    * CONSOL QTRLY GROSS NPA AND NET NPA AT 1.40% AND 0.50%,
RESPECTIVELY

Source text: (https://bit.ly/3jlSNIu)
Further company coverage:  BJFN.NS 

 ((Reuters.Briefs@thomsonreuters.com;))
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