BAJAJ FINANCE LIMITED

20 July 2021

j fHE MANAGER-, - - - - - I THE MANAGER,

BSE LIMITED I LISTING DEPARTMENT
l
\ DCS • CRD
PHIROZE JEEJEEBHOY TOWERS I
NATIONAL STOCK EXCHANGE OF INDIA LTD.
EXCHANGE PLAZA, C-1. €LOCK G,
I
~
DALAL STREET, SANDRA· KURLA COMPLEX, BANDRA (EAST)
I MUMBAI • 400 001 MUMBAI • 400 051
I SCRIP CODE: 500034 J
Dear Sir/Madam,

Sub: Outcome of Meeting of Board of Directors

In terms of provision of Regulation 30 (read with Part A of Schedule Ill) of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations. 2015, as amended, (SEBI Listing Regulations), this is to inform that
Board at its Meeting held today, i.e., 20 July 2021:

1. Financial Results:

Approved unaudited standalone and consolidated financial results of the Company prepared as per
Indian Accounting Standard (Ind AS) for the quarter ended 30 June 2021 as per Regulation 33 of SEBI
Listing Regulations.

A copy of the said standalone and consolidated financial results, limited review reports for standalone
and consolidated financial results and press release in this respect are enclosed.

2. Approved Appointment of Additional and Independent Director:

Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors
have approved appointment of Shri Pramit Jhaveri, as an Additional and Independent Director for a
period of 5 consecutive years effective from 1 August 2021, subject to approval of shareholders.
His brief profile is enclosed as Annexure- A.

Pursuant to the directions dated 14 June 2018 issued by SEBI to stock exchanges and based on the
declarations received, we hereby confirm that Shri Pramit Jhaveri is not debarred from holding the office
of Director by virtue of any order passed by SEBI or any other such authority and that he is not
disqualified to be appointed as a Director

The meeting commenced at 1:30 p.rn. and concluded at 3 : /~rn . \j '

Thanking you,
Yours faithfully,
For BAJAJ FINANCE LIM TED

Encl. : As above

torµo1.1te Ollite Ext.: 3rd f-1001 Pnmh\hil Tr(h Park. Viman Nagar. rune - -11101-1, rel: •• , 1 LO l01!1M03 www.baJaJf1nserv.1n/f111ance

1\\ahcl1 <.1shtr.1, l11d1cl

Rey1• tered Oflitc. Mur11ba1·1'um· Ru.id, Akurr!i, rune • -111035, M<Jh;:irashtra, lndi,i
Fox •')I 20 .lO'llt\JM
CorpCJli'te ID Nil ~ fm
t65911JMH1 ?8'/Pl CO-ll'.161
5frBC&COLL?
Chartered Accountants
Ground FIoor
Panchshil Tech Park, Yerwada
(Near Don Bosco School)
Pune - 411 O06, India
Tel: +91 20 6603 6000

lndependent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial
Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure
Reguirements) Regulations, 2015, as amended

Review Report to
The Board of Directors
Bajaj Finance Limited

1. We have reviewed the accompanying statement of unaudited standalone financial results of Bajaj Finance
Limited (the "CompanY") for the guarter ended June 3a,2027 (the "statement") attached herewith, being
submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").

2. This Statement, which is the responsibility of the Company's Management and approved by the Company's
Board of Directors, has been prepared in accordance with the recognition and measurement principles laid
down in lndian Accounting Standard 34, 'lnterim Financial Reporting'("lnd AS 34") prescribed under Section
133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other
accounting principles generally accepted in lndia. Our responsibility is to express a conclusion on the
Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements
(SRE) 2410, "Review of lnterim Financial lnformation Performed by the lndependent Auditor of the Entity"
issued by the lnstitute of Chartered Accountants of lndia. This standard reguires that we plan and perform
the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A
review of interim financial information consists of making inquiries, primarily of persons responsible for
financial and accounting matters, and applying analytical and other review procedures. A review is
substantially less in scope than an audit conducted in accordance with Standards on Auditing and
consequently does not enable us to obtain assurance that we would become aware of all significant matters
that might be identified in an audit. Accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that
the accompanying Statement, prepared in accordance with the recognition and measurement principles laid
down in the aforesaid lnd AS 34 prescribed under Section 133 of the Companies Act, 2013, as amended,
read with relevant rules issued thereunder and other accounting principles generally accepted in lndia, has
not disclosed the information required to be disclosed in terms of the Listing Regulations, including the
manner in which it is to be disclosed, or that it contains any material misstatement.

5. We draw attention to note 5 to the Statement, which describes the uncertainty caused by the continuing
COVID-19 pandemic and the related probable events which could impact the Company's estimates of
impairment of loans to customers. Our conclusion is not modified in respect of this matter.

FoTSRBC&COLLP
Chartered Accountants
lCAlFirm 324982

per Vaibhav Kumar Gupta q,fiw

Partner
Membership No.: 213935

UDIN: 21213935AAAAEC18Og

Pune
July 20,2O2t

S R B C & C0 LLP, a Limit-6d Liabiirtv Partrership with LLP t.i-ootity No. AAB,431B
Regd. Cfljre | 22. Ca(ra. Street. Bl.ck'g', 3rd floD.. iiol(ata-f00 016
 SA}A, HHAH{I HfyllTtt}

tsajaj Finance Limited

$tatement of unatldited Standalone financial results for the Quae,ter ended 30 June lS21
I j -':r:i
Qr:arter ended Year ended
Pa rtic u lars il.osffi*]Lo6lo2o 3.t *03 -?CI21
(Reviewed) {Audited) {Reviewed) {Audited}
1

Reuenlre {r[rn opi:Taiio:i

faieies: l:rr:i,lr3 5i:"1 'l T 287 E! 5,101.47 ?*,4"tA.\,0
Fees ela calrrrriss'ort i.rcrr:lia 5S1 75 54S-47 ?3il79
Net 3an cr1) ra r vai;: cia:iics 82 8!r 4C 5r lJtr.t)l
Salp oi ser.i;tes .i !:" '14 44 2.fio 53 55
Othet cperal:nq irrcon:e '[63.0*
Tciai re',,e r";e irorr, ccsratrtns
-**.-*}555210
,-
r,.rr ,\r--^. -.-..---
trr;tr rrlL ,-.
I Utr 41S 14_17
iiccr,-ie 5 gj5 96 0 c.,l 34 5.901 73 23.546.33
2
Finarrce costs 1 763 90 1.723 ?7 1,984"77 7,446.3$
Fees and ann"irsrSsi0n excea:e 285 77 q'ii fal 19S 58 1,301.5S
1n:cairn:+nl *r lrrarcrej lrs:rili^fl etts 1 724 4A j 201 $1 x.640,53 5,7?1"28
E:::Pic},i:e i:lrref lis experse 548 tiir 08t1: 21 48I 11 2,242.4L
,lcO,e.'. rt,r.'r :jna anlCnrS.'tl Or. ijh I,ensEg 82 c3 il.1 3l y6.98 302.25
0tner erp*nses 361 30 ?95 SS 'l?a ?o 1,1SS.55
expeisfls 4 i67 4-0 18183.45
3 before tax (1 -2) 1"1A9.47 I .571 "S0 "t,'!E3.97 5.38?.88
4 expe nse
'I "
Currenl ter 554 50 i ;J,l 707.1 fl 1.4r0 70
Deierrea tax i cfl eijitlrch a.0e 1:47 Bs) j,ll: : i;' {38?.71) {63.33}
tax exft*nse 306 55 314 47 "t,407 37
5 after tax {3-4) 84r"92 L 8fi9"50 J,955"51
6 income
ti) ltefis lhai v;rli nci be reciassrfiild to prolit or loss 4.*2 (44. r s) tD 11 \J -:r :

iii) lnccme lar.ei;ieil ia rten'ig insl !\i ill not be realas$ifieij to (1.06j 9.74 (14.s01 {r 5B;
or lnss
{i} tterrls thal vrill ire reclassrfred ta profit or icss i16 64) *?a (s2,971
iri lncolrle l*x relat+d ic iten:s thal lr,:11 be leciassilied to profil or 4 i-q i0 04) 18.63 15 85
los$
olE' clner co'lli:f eersi\'e nccr:e ' 3t :i iar ,8 59i i34 25) r53.6. {57
7 Total comprehensive inconre for the period {5+S} I34_33 1,128.60 81 .86 3.897.56
I Prid-up equlty share capital lFace value of { 2) 120 46 12fi.C8 12fr 32
egrity 35.818.4:
10 L:arnrnps per share irlcl ann,"rajtsedr
Bas;c itl f ',i. il,: 1S.il i4 49 Aq A(
" 'i {\1 r$.17 14 4* Aq 't1
i?)

ttrtir|l,,i1.,iiiitr,- i.,tl ',;'j !:li.;r1;. l',.t:rii,,lti1 ir:t-ii i:'.ri!. ,riili,r.{ ii.1,jiii i'l;llr" Jllil! i. ;, i' - : l .',: ;ll ir:r..ii,, t,,.,,,; irrti,;il;ir,', r i ]tiIIii:.t,rl'
I -)).:,,-j i ..1() jt.il:ji, Ji,.i
I,,1,rli, ;riltli;i. liirli,
rt r
I r,tUilt.ili, ll) \i!l
i,llriirli'ii:ti i,)fltr.r' J".,ii:rnii.ri 1'liiti'ilrr'rri r'rl:litrti. !'r;tii: :lilli-ljl-i,]ii,lIl,ti,l:llil,t. il,ltr
ii l;lr ir, r,',1i i i'l:i:l'l a 1l,i.l:tt l
 sArA, rrNANCfr rr*rrTHt}

Bajaj Finance L;rnit€rl

unaudrted for ihe

-,I?i

'- _::: ::::;'"i:--t: ii',1:

liie':Jil i,rir r':,r'- -;ttt', 1

:.e ifiai31.,'ir:;lus:i-at'rti::a:a!a:rr..iii.iflt.li::rirec\a: li.i .-r:,:l

i:1 l-_-. i,,j," ;', ; : l- I 1.;i.:',,r.. i:,.1, ;,,.t.,:ri,,il::

1ri
Add,?ronal ruFdrng
erlesure l? Ct l;li .n!rir:!rle
.r'ipe ol saficlioned. it riry, liltrrasc lil orrvr5itnt
rc(auxt5 *lrqre naloSnas nlen{10r\od anorJnt h1 d.b!
inclddrnq t!*tween on Jtcornl ri llc
r.r...rl!:l,in Flia irat il iA) b€ro..:
l:e. rmple,n€11te6 rftpEnRnletr!r-, nl
irvocatioi ot ihe rmplrhrntalion ot lhs
plan aorl resolut,rn plan
!icer lh15 *l*dt* !he p,iln

1t:.:::*',1 I!iJ.-- 'l 5r-

.lr: I r:,- ; 2,!i:,:i l_L' -- - _. -
irl. , r,1iir,qi..
.rr

lia; ***_. .t6 fI

i j r, 1 :l.1ij j
r.raar ;;:i,: ir,Jar.,l.' r: . : r-'. : : ja:r.:: :r trt;;, :l: :

BY

Bajaj finan{e

l:llj r:i:1 j:,::,,',j,!:,i-riiril -i. i

aiIdi,.trrFdOi{,ir::ta.-ri'il:.i.i:,,'.iil..ri} ($rF}6riit*OFl;(p:-:l'.iii'a il,rl;rli,')ja'..;,irrli:3rnllta.':i.

, t -.Ji
Corpor*le 0ftirt Ext.: 3rd Floor; Pa*rhshillech Park, Viman Nagat, Pune - 411014 .l ,;tl:.r,lr,l www,bajajlimerv.in/f iname
Maharashtra, lndia
negistered Office: ffumb+i-Pune f,ead. Akurdi, Pune - 411'035, Maharashtra lftdia
f ,. -'i: ,lil ilrl' '. -,.'
' 1,,:. ,i l' li I ';1,
,. :.,\::rf tr.!i,..;i {l,i ir,j; I
sffiH
--L.r-
SRBC&COLLP
Chartered Accountants
Ground Floor
Panchshil Tech Park, Yerwada
(Near Don Bosco School)
Pune - 411 006, lndia
Tel: +91 20 6603 6000

lndependent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated
Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended

Review Report to
The Board of Directors
Bajaj Finance Limited

1. We have reviewed the accompanying statement of unaudited consolidated financial results of Bajaj
Finance Limited (the "Holding Company") and its subsidiaries (the Holding Company and its
subsidiaries together referred to as "the Group"), for the quarter ended June 30,2O21 (the
"statement") attached herewith, being submitted by the Holding Company pursuant to the
requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended (the "Listing Regulations").

2. This Statement, which is the responsibility of the Holding Company's Management and approved by
the Holding Company's Board of Directors, has been prepared in accordance with the recognition and
measurement principles laid down in lndian Accounting Standard 34, 'lnterim Financial Reporting'
("lnd AS 34") prescribed under Section 133 of the Companies Act, 2013, as amended, read with
relevant rules issued thereunder and other accounting principles generally accepted in lndia. Our
responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements
(SRE) 2410, "Review of Interim Financial lnformation Performed by the lndependent Auditor of the
Entity" issued by the lnstitute of Chartered Accountants of lndia. This standard requires that we plan
and perform the review to obtain moderate assurance as to whether the Statement is free of material
misstatement. A review of interim financial information consists of making inquiries, primarily of
persons responsible for financial and accounting matters, and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in accordance with
Standards on Auditing and consequently does not enable us to obtain assurance that we would
become aware of all significant matters that might be identified in an audit. Accordingly. we do not
express an audit opinion.

We also performed procedures in accordance with the Circular No. CIR/CFD/CMDtl44/2019 dated
March 29, 2019 issued by the Securities and Exchange Board of lndia under Regulation 33(8) of the
Listing Regulations, to the extent applicable.

4. The Statement includes the results of the following entities:

(i) Bajaj Housing Finance Limited
(ii)Bajaj Financial Securities Limited

5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing
has come to our attention that causes us to believe that the accompanying Statement, prepared in
accordance with recoqnition and measurement principles laid down in the aforesaid lnd AS 34
prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules
issued thereunder and other accounting principles generally accepted in lndia, has not disclosed the
information required to be disclosed in terms of the Listing Regulations, including the manner in which
it is to be disclosed, or that it contains any material misstatement.

S R B C & CO LLP, a Linited Lidbitrity Pa.tnership with LLP ldentity No. AAB-4318
RegC. Oliire: ?2, Canar St.eet, Biock 'B', 3rd Floor, Kclkata 700 016
SR BC&COLLP
Chartered Accountants

Bajaj Finance Limited Page 2 of 2

6. We draw attention to note 6 to the Statement, which describes the uncertainty continued to be caused
by COVID-19 pandemic and the related events which could impact the Group's estimates of
impairment of loans to customers. Our conclusion is not modified in respect of this matter.

FoTSRBC&COLLP
Chartered Accountants
lCAl Firm registration number: 324982E/E300003

per Vaibhav Kumar Gupta

Partner
Membership No.: 213935

UDIN: 2 1213935AAAAED8769
Pune
July 20,2027
 ffiAIA, F!ilAru{r LIMITT$

Bajaj Finance Limited

Staternent of unaudited Consolidated financial resutrts for the Quarter ended 30 June 20?1
It ln Cr{}rei
Quarter errried Ysar errde(
Pa flicu!a rs 30 06.2021 31 .03.20?1 30.06.2020 31.83.?021
{Revrewed) {AurJited} {Reviu-w*d) {Audited)
l lncorne
i- l 11€utnuil ironr operat:ons
irleresl l1fli,r'ne 5 22 SJ54 6,03,, 31 5,793 20 23,303,38
Frees a n.C tomrr'"rissron incor]te 45 5;6 00
U15 57? 15 2.452,39
fi*t ,1a,r clr.nr,'.J{-:c :^.}n!.i r f i '16 5'J il9 2S4 3U at31 a2
aJ -r- ^,'----^.,.-^4
f lc u, >c:vtLt5 ,{e2 i7E3 528 157,53
()thef cpe.aliI1S rnc*me _ lr.r5 :a ;':j 5! _ 1: 2i - 1S3.58
6 i'4.i ?1
.f
oiai re';en;e fr'3nr n+r€ratr*rri 6 8l.l.r $7 6 fi4S 70 ro.oro. t,J

(b) Other inconre 1.1& 43? 15d 1a E5

Tqta! imceme s i43 L)] 6.854.9.X o o4Y //+ 26,S83 05
2 Experw*s
(a) Finance costs ) 1nr. ..c. 2.497.6: 9.414 60
(b) Fees and commissioil e{oense 1t'L-) :? 43,5 !3 1.248 48
(cl trmpainnsrrt ofi *naflci*l irlstruments '1
;50 32 '1
.: -1rl ::' i 1 885 73 5.ffi8.55
(d) Employee benefits expense t 1fi 5': 76*, ;3 2.498 6;
{e} Deprecialion and sr*or{isaticrr eryenBeB 8S 02 8'J 89 8d 2l *?5.27
{f} *ther€xpefi$s8 3ti8 N1 31188 1,237 78
Total expenses 5 3ii t5 l. fi1 .r lL 5 :,4C C5
3 Profit before tax i'!-?) 't,365.86 r,822.59 1,!08.S9 t od, aa
4 Tax expense
{ilB 45 ?11 73 753.03 'r.6S0.?6
{s} Suns'rt ?6}r
{b) Defened tax {creditycharge {255 03) 764 22 {405.60} {s7.8?)
.'i
T0Ial tax expenge .is-r 42 ei5
9i; :i47 ,i; 5r? 44
Protit aiter tax {34) J,002.44 1,34$.64 862.32 4,419"fi2
6 Othe r cornprehensive inconte
a ilj lie,.ll: irat viill nol lre reclassiFled la ploirt or loss 4S2 142 89) 1S.?4 {1"SSi
iri) lrrccnre iax telated io.ilenls that rvlli nnt lle .eclasstfrea to {1.061 a.42 {14 5S} {7.SCIi
plofrt o; ioss
b iil lte,'r'rs lhat +;ill be rer.lsssrfred tG prc{it or loss {1$.S4) 020 {74.01) (e2 s7)
rii) lrccm* tex relatad lo items that wiil be i'eclassrireti tc 4.1S (fi 04) 18.63 l(Aq
r.cfit or i*c$
TDial ciilpf i:rirpi"eitensir,,* incct:te. tel of tax {8 5S} i33 31 1 i53 fr4) {57 01}
Total conrprehens,ive income far the period (5+$J 893.85 '1,313"33 908.S8 E,362"81
I l-'ard'L:lr equity shar* captlai iFac€ I'alue of { 2} 1?fl 46 \7',* 3? 1?C lr8 138.32
a athel equily 36,788_09
10 Earnl.gs per' $hare {not annualsed)
Basic 1ti ID OD 22.4A j6 04 73.58
16 54 'J'X 1 1 1c. (l1 73 00
Dilutect itl

ir.l. ,,ji ,:;l i1:ij,t 1it:

' r;:,lr'-irli l;:,:ii i rt,r ';ri:i,ir);l'r;l lt }:'itl:i' ll'l!l:,
,"r, ;.,. il., i i lirl,;i.t';-;: i'rii:;,ij t,
i;;li;:r{,ii rlli,,, 1.,.i -,i;:i]r1,,1 i !

i,t ji',.ri,::i_t .:;1i i:-tr. ii,.i

li ;.ri, r:,i ri:,,r- i, :,.lla:
':i, . :iii.;i,I.:li.' ilr i'l!,'
i':r.;1r'ir rr il i;iiir. i,it,r,i:,;r i'tr:;, i1..,.,,1 ,'\'i,i-ilril. i'r-ll,' iliilr5, l,lr-]ir'lir.::liii';. i:t'il'r
! ii\!r !ill.1ii tirii,.l,i i 1i:l.ttit,i
 $AIAI fiN&N{E LrMrT[S

Bajaj Finance Lirnited

'!.' r', r,,^ -.r'.,i;rjil . ,,r ij.-. i .l..i .tit:1 na,r.j

ir:ilji i ii)l'

rrririff lt!?.iiiri.'ti:rjfirlr,;ir,ijlialr.:ri.r,:!li:i:l irih:rlqt:!'':)a.iii1lti..ijt!!.!,rlr.):.iinilitc,::,

li! 1 i l.:,;1,1i, . ;.r';ij: i .\,. r:,,1t:- i,,: r.rEi l:l:if i i rlll:a, :r.t,i!t- s --.

''".i ,!'.. 'n:i ,':."'

aj:.1 'rlijr- i',ir ii,1; ,lr. iiti,: . i:ri :_ii r' ^.rri, *1.!rii1 J:,: !:1(1, t1 : r:l;a :1,-.{r,rri::

-.,.:::o_ir.!,r.iia,t:1.iar .t.. lirjlel_r'r-rir:i:rl 5|!lrrir."i: i itH[tii

s1.r'a'. r i I:r,lri'd:i;f1 a11;i liir3il alusrn:s\';:i iJairal i: rj'i.l) .ri,'l

t'irr,r: !ai 6i,,iril:j:1d i:f, :a,

*'r 3, tr 1 6tre t6 ?0;: i . i9 i, lrore h! In!l:l!.if ir)
ariri,,iJi('li{ri:( l"n irild I hl.: rri(1r.rrI n:anl rjarljl

jt;,,r..1:.tf aa::ft,1 .tialai.t.,-,."1ii)!..lir!,t,f I{!t.ri.naitir i .,it-. ',"

ti,t\ral lt.y',!." r.:ifr'LtE,ir t l ,!,/l:l- lr:I liir,it.1,:iri: e1.t *fiia.ai UJtr.,l:;

!nf:a lllc,tilaii..i:r'riotiitfr-l ri ril ber:ari ': i,ilaairvi.

'iitrrl". rr;iitr lr:i IlrierlbB,l r:i, r!!-tl irr'11!'_I.:!l i. ralirii r,l!;er;t,r !:i:L11n.;;i,.illn',:
'!h.n

(fi,wu
Ey 0rd9{ 0f ire
I cl Bajai tinana€

..luly :[r] I

CiN .{i rl"l.",:t:.:r,)' 1 :- i:-r ,:

PuiJe 'll I ljl l,!irljL)r3le ilfl; r
irrrr[. 41.1 l]14

i,j; 'i.,:,1ii1':'l ,".r i;:, r: : : ti-t'i , ii., l,i'.,r::'

corporate office txt.:3rd tlooq PanchshitTerh Park, Viman Nagal Pure'411014
! r., : i .)i-r iil liit,:rr{
!,i:l:'i'a.!1,' lJr iri'!
:$ilJ?jillhumtai-pune Road, Akwdi, pu're' 41rs35, Maharashtra, rndia i -. :i: I -:,iill.jiji:r,lt i, i.l')t,1
 BAJAJ FINANCE LIMITED

PRESS RELEASE
Financial results for Q1 FY22

Bajaj Finance reports consolidated profit after tax of ~ 1,002 crore for the quarter ended 30 June 2021

A meeting of the Board of Directors of Bajaj Finance Limited (BFL) was held today to consider and approve
the unaudited standalone and consolidated results for the quarter ended 30 June 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 - { 159,057 crore v/s { 138,055 crore

Consolidated profit after tax -{ 1,002 crore v/s { 962 crore

CONSOLIDATED PERFORMANCE HIGHLIGHTS - Q1 FY22

> New loans booked during Q1 FY22 were 4.63 million as against 1.75 million in Q1 FY21 .
> Customer franchise crossed a milestone of 50 million and stood at 50.45 million as of 30 June 2021 as
compared to 42.95 million as of 30 June 2020, a growth of 17%. The Company acquired 1.88 million new
customers in Q1 FY22 as compared to 0.53 million in Q1 FY21.
> Assets under management (AUM) grew by 15% to { 159,057 crore (including IPO financing
receivables of { 2,942 crore) as of 30 June 2021 from { 138,055 crore as of 30 June 2020. Core AUM
growth1in Q1 FY22 was approximately { 4,100 crore.
~ Net Interest Income (NII) for Q1 FY22 increased by 8% to { 4,489 crore as against { 4, 152 crore in Q1
FY21 . Interest income reversal for the quarter was { 451 crore as compared to { 306 crore in Q1 FY21.
> Total operating expenses to net interest income for Q1 FY22 was 30.6% as against 27.9% in Q1
FY21 . During the quarter, the Company took several actions to reduce its operating expenses to partially
mitigate the financial impact caused by the second wave.
> Loan losses and provisions for Q1 FY22 was { 1,750 crore as against { 1,686 crore in Q1 FY21 .
During the quarter, the Company has done accelerated write offs of ~ 113 crore of principal outstanding
on account of COVID-19 related stress. The Company holds a management overlay and macro provision
of { 483 crore as of 30 June 2021 .
> Profit before tax for Q1 FY22 increased by 4% to { 1,366 crore from { 1,310 in Q1 FY21 .
> Profit after tax for Q1 FY22 increased by 4% to { 1,002 crore from { 962 crore in Q1 FY21 .
~ Gross NPA and Net NPA as of 30 June 2021 stood at 2.96% and 1.46% respectively, as against 1.40%
and 0.50% as of 30 June 2020. The Company has provisioning coverage ratio of 51 % on stage 3 assets
and 174 bps on stage 1 and 2 assets as of 30 June 2021.
> Capital adequacy ratio (including Tier-II capital) as of 30 June 2021 was 28.57%. The Tier-I capital w~==::::::-....

25.41%. l0~1NA1Vc«'~
1 Core AUM growth = (AUM growth for the quarter- short tenor IPO finan~ing book+ additional loan lo:i:ie:i on account of 5econd wave of COVID· 19)
Corporate Office Ext.: 3rd Floor, Panchshil Tech Park, Viman Nagar, Pune - 411014, Tel: +91 20 30186403 www.bajajfins}r~i!J:
· ~f/
Maharashtra, India . Fax: +91 20 30186364 C Im
Registered Office: Mumbai·Pune Road, Akurdi, Pune - 411035, Maharashtra, India ~~~~~~~~~~ 8~~-~co 42961
 BAJAJ FINANCE LIMITED

A - Breakup of consolidated AUM and deposits book

~In Crore
As of 30 June 2021
AUM BFL BFL Consolidated as
Standalone BHFL Consolidated of 30 June 2020 Growth
Consumer 828 - Auto Finance 11 ,347 - 11 ,347 12,802 (11%)
Consumer 828 - Sales Finance 11 ,175 - 11, 175 9,231 21%
Consumer 82C 30,171 1,228 31 ,399 29,218 7%
Rural 828 2,914 - 2,914 2,089 39%
Rural 82C 12,537 - 12,537 10,281 22%
SME lending 20,368 152 20,335 18,277 11 %
Commercial lending 9,011 - 9,011 6,075 48%
Loan aqainst securities 6,090 - 6,290 3,958 59%
IPO Financing 2,942 - 2,942 -
Mortgage lending 13,012 39,561 51 ,107 46,124 11 %
Total AUM 119 567 40,941 159,057 138,055 15%

As of As of
Deposits 30 June 2021 30 June 2020 Growth
Deposits book 27,972 20,061 39%
@Approximately 21 % of the consolidated borrowings and 28%of the standalone borrowings.

B - Summary of consolidated financial results

~ In Crore
Particulars Q1'22 Q1'21 QoQ FY'21
New loans booked (numbers in million) 4.63 1.75 165% 16.88
Assets under management 159,057 138,055 15% 152,947
Receivables under financing activity 153,143 132,368 16% 146,687
Interest income 5,954 5,793 3% 23,304
Fees, commission and other income 688 593 16% 2,788
Net gain on fair value changes on investments 101 264 (62%) 591
Total income 6,743 6,650 1% 26,683
Interest expenses 2,254 2,498 (10%) 9,414
Net interest income (NII) 4,489 4,152 8% 17,269
Total operating expenses 1,373 1,156 19% 5,308
Loan losses and provisions 1,750 1,686 4% 5,969
- on stage 1 and 2 (6) 1,430 (100%) 414
- on stage 3 and write off 1,756 256 586% 5,555
Profit before tax 1,366 1,310 4% 5,992
Profit after tax 1,002 962 4% 4,420

Corporate Office Ext.: 3rd Floor, Panchshil Tech Park, Viman Nagar, Pune - 411014, Tel: +91 20 30186403 www.bajajfin1irl1:lfi,4inance
Fax: +91 20 30186364
Maharashtra, India
Registered Office: Mumbai-Pune Road, Akurdi, Pune - 411035, Maharashtra, India Corporate ID No.: £l Im
L6591OMH1987PLC042961
 BAJAJ FINANCE LIMITED

STANDALONE PERFORMANCE HIGHLIGHTS

Bajaj Finance Limited -Q1 FY22

>- Assets under management (AUM) grew by 12% to ~ 119,567 crore as of 30 June 2021 from
{ 106,584 crore as of 30 June 2020.

>- Net Interest Income (NII) for Q1 FY22 increased by 6% to { 4, 153 crore as against { 3,917 crore in Q1
FY21 . Interest income reversal for the quarter was { 444 crore as compared to { 297 crore in Q1 FY21 .
>- Loan losses and provisions for Q1 FY22 was { 1,724 crore as against { 1,641 crore in Q1 FY21 . The
Company holds a management overlay and macro provision of { 351 crore as of 30 June 2021.
>- Profit after tax for Q1 FY22 was { 843 crore as against { 870 crore in Q1 FY21.

C • Summary of standalone financial results of Bajaj Finance Limited

({ In Crore
Particulars Q1 '22 Q1'21 QoQ FY'21
New loans booked (numbers in million) 4.56 1.75 161% 16.78
Assets under management 119,567 106,584 12% 115,418
Receivables under financing activity 117,372 103,950 13% 113,090
Interest income 5,171 5,101 1% 20,419
Fees, commission and other income 663 564 18% 2,599
Net gain on fair value changes on investments 83 237 (65%) 528
Total income 5,917 5,902 0% 23,546
Interest expenses 1,764 1,985 (11 %) 7,446
Net interest income (NII) 4,153 3,917 6% 16,100
Total operating expenses 1,280 1,092 17% 5,016
Loan losses and provisions 1,724 1,641 5% 5,721
- on staae 1 and 2 (12) 1,386 (101%) 215
- on staqe 3 and write off 1,736 255 580% 5,506
Profit before tax 1,149 1,184 (3%) 5,363
Profit after tax 843 870 (3%) 3,956

PERFORMANCE HIGHLIGHT OF SUBSIDIARIES

Bajaj Housing Finance Limited - Q1 FY22

)> Assets under management (AUM) grew by 24% to { 40,941 crore as of 30 June 2021 from
{ 32,982 crore as of 30 June 2020.
)> Net Interest Income for Q1 FY22 increase by 38% to { 335 crore from { 243 crore in Q1 FY21.

)> Loan losses and provisions for Q1 FY22 was { 26 crore as against { 45 crore in Q1 FY21.
Corporate Office Ext.: 3rd Floor, Panchshil Tech Park, Viman Nagar, Pune - 411014, Tel: +91 20 30186403 www.bajajlins3r(l~,4inance
Maharashtra, India
Registered Office: Mumbai-Pune Road, Akurdi, Pune - 411035, Maharashtra, India
Fax: +91 20 30186364
Corporate ID No.:
l65910MH1987PLC042961
c ~ Im
 BAJAJ FINANCE LIMITED

~ Profit after tax for 01 FY22 increased by 75% to { 161 crore to ~ 92 crore in 0 1 FY21.

~ Gross NPA and Net NPA as of 30 June 2021 stood at 0.28% and 0.18% respectively, as against 0.08%
and 0.05% as of 30 June 2020. The Company has provisioning coverage ratio of 36% on stage 3 assets
and 87 bps on stage 1 and 2 assets as of 30 June 2021

~ Capital adequacy ratio (including Tier-II capital) as of 30 June 2021 was 22.07%

D • Summary of standalone financial results of Bajaj Housing Finance Limited

(~In Crore)
Particulars Q1'22 Q1'21 QoQ FY'21
Assets under management 40,941 32,982 24% 38,871
Receivables under financing activity 35,762 28,423 26% 33,419
Interest income 777 691 12% 2,877
Fees, commission and other income 29 38 (24%) 218
Net qain on fair value changes on investments 16 27 (41%) 60
Total income 822 756 9% 3,155
Interest expenses 487 513 (5%) 1,966
Net interest income (NII) 335 243 38% 1,189
Total ooeratinq expenses 91 74 23% 329
Loan losses and provisions 26 45 (43%) 247
- on stage 1 and 2 6 44 (86%) 199
- on stage 3 and write off 20 1 1900% 48
Profit before tax 218 124 76% 613
Profit after tax 161 92 75% 453

Bajaj Financial Securities Limited (BFinsec)

~ BFinsec acquired 52,504 new retail and HNI customers in 01 FY22. Customer franchise as of
30 June 2021 stood at 95, 128.
~ Total Income for Q1 FY22 was~ 14.98 crore and Q1 FY21 was~ 2.88 crore.

~ BFinsec made a net loss of~ 3.23 crore for Q1 FY22.

For Bajaj Finance ~

r..

Pune ev Jain
20 July 2021 Managing Director

Corporate Office Ext.: 3rd Floor, Panchshil Tech Park, Viman Nagar, Pune - 411014, Tel : +91 20 30186403 www.bajajfins4reih)itinance
Maharashtra, India
Registered Office: Mumbai-Pune Road, Akurdi, Pune - 411035, Maharashtra, India
Fax: +91 20 30186364
Corporate 10 No.:
L65910MH1987PLC042961
c on
 BAJAJ FINANCE LIMITED
ANNEXURE-A
Brief profile

Pramit Jhaveri presently acts as advisor and mentor to start ups, corporates and family offices. He is Advisor
- Premji Invest and Senior Advisor - PJT Partners. Prior to his current activities, Pramit was Vice Chairman -
Banking, Asia Pacific Citi. He served as Chief Executive Officer of Citibank India from 2010 to 2019. He retired
from Citibank in November 2019 after a distinguished career in banking of 32 years, having joined the firm as
a 23 year old in 1987.

Pramit serves as a Trustee on the Board of several philanthropic, non-profit entities in India. These include:
Tata Trusts, which is amongst India's oldest and most pre-eminent philanthropic institutions; Pratham
Education Foundation, an NGO dedicated to the quality education of underprivileged children; India
Foundation for the Arts, a grants making organisation supporting practice, research and education in the arts;
and the World Monuments Fund India, an organisation involved in conserving and preserving India's
architectural heritage.

Pramit has a Bachelor of Commerce degree from Sydenham College, Mumbai University and an MBA from
the Simon School of Business, University of Rochester. He is an avid tennis player, a keen follower of cricket
and soccer and a long standing collector of Indian contemporary art.

\]

Corporate Office Ext.: 3rd Floor, Panchshil Tech Park, Viman Nagar, Pune - 411014, Tel: +91 20 30186403 www.bajajfinserv.in/finance
Maharashtra, India
Registered Office: Mumbai-Pune Road, Akurdi, Pune - 411035, Maharashtra, India
Fax: +91 20 30186364
Corporate ID No.:
L65910MH1987PLC042961
c Im