Bajaj Finance Records 30% YoY Growth in Q4 PAT, Declares Dividend at Rs 30/share

Bajaj Finance, one of India's leading non-banking financial companies (NBFCs), has reported strong growth in its fourth quarter (Q4) profit after tax (PAT) for the fiscal year 2022. The company's PAT for Q4 FY22 stood at Rs 1,938 crore, marking a 30% year-on-year (YoY) growth from the same period last year.

Robust growth across key segments

The company's strong performance in Q4 FY22 was driven by robust growth across key segments, including consumer, small and medium-sized enterprises (SMEs), and rural lending. The consumer lending segment witnessed strong growth, with loan assets under management (AUM) growing by 17% YoY to Rs 73,623 crore. The SME and rural lending segments also saw healthy growth, with loan AUM growing by 27% and 43% YoY, respectively.

Steady asset quality and healthy liquidity

Despite the challenging economic environment, Bajaj Finance maintained steady asset quality and healthy liquidity throughout the year. The company's gross non-performing assets (GNPAs) stood at 1.79% as of March 31, 2022, compared to 1.61% in the same period last year. The company's liquidity position also remained healthy, with a liquidity surplus of Rs 22,000 crore as of March 31, 2022.

Dividend declaration and outlook

In light of the company's strong financial performance, Bajaj Finance's board of directors has declared a dividend of Rs 30 per share for the financial year 2022. This is in addition to the interim dividend of Rs 10 per share declared earlier in the year.

Looking ahead, the company is well-positioned to leverage its strong market position and diverse product portfolio to continue its growth trajectory in the coming years. Bajaj Finance has a robust digital platform and a strong customer base, which it plans to leverage to expand its reach in the Indian market. The company also plans to deepen its penetration in the rural and semi-urban markets by expanding its network of branches and leveraging technology to offer customized products and services to customers.

In conclusion, Bajaj Finance's strong financial performance in Q4 FY22 is a testament to its robust business model and strong execution capabilities. The company's focus on customer-centricity, innovation, and technology has enabled it to maintain steady growth and profitability despite the challenging economic environment. With a strong liquidity position and a diverse product portfolio, Bajaj Finance is well-positioned to capitalize on the growth opportunities in the Indian financial services market in the years to come.