Bajaj Finserv (BAJAJFINSV) Q4 21/22 earnings summary

Executive summary

• FY2022 performance reflected resilience through repeated Covid waves, with emphasis on digital capabilities, new products, customer service and operating efficiencies.

• Consolidated revenue reached ₹68,439 crore and profit after tax ₹4,557 crore; Bajaj Finance, the largest earnings contributor, reported PAT of ₹7,028 crore.

Financial highlights

• Consolidated revenue was ₹68,438.98 crore vs ₹60,591.57 crore; profit before tax was ₹11,270.58 crore vs ₹9,862.34 crore, and profit for the year was ₹4,556.77 crore vs ₹4,470.46 crore.

• Consolidated EPS was ₹286.3 vs ₹280.9; total comprehensive income was ₹7,732.28 crore vs ₹7,200.85 crore.

• Standalone total income was ₹729 crore vs ₹392.03 crore; PAT was ₹424.23 crore vs ₹178.78 crore, with EPS of ₹26.7 vs ₹11.2.

Outlook and guidance

• Strategic priorities include expanding digital capabilities, adding products and improving enterprise synergies and efficiencies to enhance customer service and support profitable growth.

• FY2023 government budget projected a 28% capex CAGR over FY2020, while global supply-chain disruption, elevated commodity prices and inflation were expected to challenge recovery.