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Bajaj Auto Finance Ltd Q3’10 Presentation Bajaj Auto Finance Ltd Q3’10 Presentation
February 20, 2010
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BAFL product portfolioBAFL product portfolio
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BAFL
Launched in June 2008
To be launched in April 2010
To be Launched in April 2010
Launched in December 2008
Launched in June 2007
Most diversified NBFC in India
ConstructionEquipment
Q3’10 overview Q3’10 overview
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• Excellent quarter for BAFL. Highest profit in its history. PAT Growth
of 142% to 27.3 Crs over corresponding quarter in Q3’09.
• Good momentum in consumer businesses viz. two-wheelers
financing & durable financing. Festival season has been very good.
• Small businesses picking up momentum as well with improved
demand & credit flow.
• Cost of funds have remained benign. Have strengthened our ALM.
Increased borrowings in longer maturities to improve ALM further.
• Improvement in portfolio metrics across businesses. New vintages
performing superior.
• Preparing to launch Construction equipment financing & Loan
against shares retail business in Q4’10.
• Holding credit ratings at FAA+, P1+ and FAAA.
Snapshot – Q3’10Snapshot – Q3’10Revenues up 58% QoQ
NII up 67% QoQ Operating Expenses % of NII
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Disbursements up 97% QoQ
Snapshot – Q3’10Snapshot – Q3’10Pre-tax profit up 169% QoQ.
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Net NPA Reducing NPA
Loss provision up 33% QoQ
ROTA(%) Stable & Growing ROTA
Snapshot – Q3’10Snapshot – Q3’10
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Portfolio Mix Earnings per share up 142 % QoQ.
Capital adequacy increasing leverage
Book Size increasing book size
Summary Income StatementSummary Income Statement
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(Rs Crores , except EPS) Q3’ 10 Q3’09 %▲ Income from operations 224.89 136.01 65%Other operating income 24.73 21.99 12%
Total Income 249.6 158.0 58% Interest & other finance charges 55.3 41.8 32%Net interest income 194.3 116.2 67%
Operating expenses 91.4 54.1 69% Recovery commission 15.3 10.9 40% Provision for doubtful debts & bad debts 59.8 45.8 31% Provision for doubtful debts + Recovery commission
73.1 56.7 29%
Profit from ordinary activities before tax 43.1 16.3 164%Tax Expenses (including Deferred Taxes & FBT) 15.8 5.0 216%Net Profit/(loss) from ordinary activities after tax
27.3 11.3 142%
Paid up Equity Share Capital 36.60 36.60EPS before and after Extraordinary itema)Basic(Rs) b)Diluted(Rs)
7.46 3.08 142%
Operating expenses as a % of NII 47% 47%
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