Bajaj Finance

The company posted its highest ever quarterly net profit at Rs. 160 crore, a YoY growth of 33% for Q3FY13. At the same time, it was astonishing to know that it has 8,33,280 customers, up 22% as at 31st Dec 2012. Deployments rose 12% at Rs.5200 crore. Total assets under management stood at Rs.16844 crore. NII was up 27% at Rs.507 crore. Net profit for 9MFY13 at Rs.428 crore has already surpassed that of FY12 at Rs.406 crore.

Loan losses and provisions for the quarter were up 42% at Rs.51 crore. Its provisioning coverage ratio was at 80% v/s 81% on YoY. Net NPA was at 0.2% v/s 0.3% in Q3FY12. CAR was at 17.5%. The rights issue of the company will open on 6th Feb  and close on 21st Feb. It will be in the ratio of  3 equity shares  for every 19 equity shares held at with face value of Rs.10 per share, priced at Rs.100 per share. On an equity of Rs.42.81 crore, its EPS for 9MFY13 was at Rs.103.09, giving an annualized EPS at Rs.137.