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BAJAJ FINANCE LIMITED PRESS RELEASE Financial results for Q4 and FY21 Bajaj Finance reports consolidated profit after tax of 1,347 crore and 4,420 crore for the quarter and year ended 31 March 2021 respectively A meeting of the Board of Directors of Bajaj Finance Limited ( BFL ) was held today to consider and approve the audited standalone and consolidated results for the quarter and year ended 31 March 2021 . The consolidated results of BFL include the results of its wholly owned subsidiaries viz . Bajaj Housing Finance Limited ( BHFL ) and Bajaj Financial Securities Limited ( BFinsec ) . CONSOLIDATED PERFORMANCE HIGHLIGHTS Consolidated assets under management . ₹ 152,947 crore v / s 147,153 crore Consolidated profit after tax for Q4 FY21 - ₹ 1,347 crore v / s 948 crore Consolidated profit after tax for FY21 - ₹ 4,420 crore v / s 5,264 crore CONSOLIDATED PERFORMANCE HIGHLIGHTS - Q4 FY21 ➤ New loans booked during Q4 FY21 were 5.47 million as against 6.03 million in Q4 FY20 . Customer franchise as of 31 March 2021 stood at 48.57 million as against 42.60 million as of 31 March 2020. The Company acquired 2.26 million new customers in Q4 FY21 as compared to 1.85 million in Q4 FY20 . Net Interest Income ( NII ) for Q4 FY21 was 4,659 crore as against ₹ 4,684 crore in Q4 FY20 . Interest income reversal for the quarter was 298 crore as compared to 122 crore in Q4 FY20 . Total operating expenses to net interest income for Q4 FY21 was 34.5 % as against 31.0 % in Q4 FY20 . Loan losses and provisions for Q4 FY21 was ₹ 1,231 crore as against 1,954 crore in Q4 FY20 . During the quarter , the company has done accelerated write offs of 1,530 crore of principal outstanding on account of COVID - 19 related stress and advancement of its write off policy . The Company holds a management overlay and macro provision of 840 crore as of 31 March 2021 . ➤ Profit before tax for Q4 FY21 increased by 43 % to 1,823 crore from 1,278 in Q4 FY20 . ➤ Profit after tax for Q4 FY21 increased by 42 % to 1,347 crore from 948 crore in Q4 FY20 . ➤ Gross NPA and Net NPA as of 31 March 2021 stood at 1.79 % and 0.75 % respectively , as against 1.61 % and 0.65 % as of 31 March 2020. The Company has provisioning coverage ratio of 58 % on stage 3 assets and 181 bps on stage 1 and 2 assets as of 31 March 2021 . BAJAJ NCE LTD 1 of 5 Corporate Office Ext .: 3rd Floor , Panchshil Tech Park , Viman Nagar , Pune - 411014 , Maharashtra , India Registered Office : Mumbai - Pune Road , Akurdi , Pune - 411035 , Maharashtra , India Tel : +91 20 71576403 Fax : +91 20 71576364 Corporate ID No .: L65910MH1987PLC042961 www.bajajfinserv.in/finance in