Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Bharat Financial Inclusion Limited registers 38% YoY growth in Gross Loan Portfolio to Rs. 17,394 crore for FY19

Posted On: 2019-05-23 08:28:03

Bharat Financial Inclusion Limited, the largest microfinance company in India, today announced a 38% year-on-year growth (a 4% quarter-on-quarter growth) in its Gross Loan Portfolio to Rs.17,394 crore in Q4-FY19 (Rs. 12,575 crore in Q4-FY18; Rs. 16,651 crore in Q3-FY19).

"Bharat Financial Inclusion Limited continues to sustain its Gross Loan Portfolio growth through healthy addition of customers," said M.R. Rao, CEO and Managing Director, Bharat Financial Inclusion Limited. "We added 9.6 lakh customers in Q4-FY19 vis-a-vis 9.2 lakh customers in Q3-FY19."

The Company's loan disbursements have shown a 45% year-on-year growth to Rs 26,699 crore in FY19 (Rs. 18,472 crore in FY18), while disbursements for Q4-FY19 have shown a 14% yearon-year growth to Rs 6,568 crore in Q4-FY19 (Rs. 5,738 crore in Q4-FY18; Rs. 6,822 crore in Q3-FY19).

Incremental drawdowns of Rs. 8,471 crore including assignment transactions in Q4-FY19 (Rs. 3,771 crore in Q4-FY18; Rs. 5,510 crore in Q3-FY19). The Company also originated Rs.1,297 crore under managed portfolio in Q4-FY19. Five assignment transactions, amounting to Rs. 5,168 crore, were completed in Q4-FY19.

The Company's cost to income was at 35.9% in Q4-FY19 (34.4% in Q3-FY19). Marginal cost of borrowings stood at 9.5% in Q4-FY19 while weighted average cost of borrowing was at 9.8%. The Company registered a cumulative collection efficiency of 99.7% for loans disbursed between January 1, 2017 and March 31, 2019, amounting to Rs. 49,073 crore. The Company had a net NPA of 0.2% in Q4-FY19.

Bharat Financial Inclusion Limited had a net worth of Rs. 4,225 crore (higher by Rs. 241 crore compared to GAAP net worth) and a capital adequacy of 49.5% as of March 31, 2019 (compared to the RBI requirement of 15% capital adequacy). Cash and cash equivalent stood at Rs. 1,562 crore as of March 31, 2019.

As per Ind AS, Bharat Financial Inclusion Limited's profit after tax in Q4-FY19 registered a 50% year-on-year and a 11% quarter-on-quarter growth to Rs. 321 crore (Rs. 211 crore in Q4-FY18; Rs. 288 crore in Q3-FY19). As per Ind AS, PAT in FY19 grew by 67% year-on-year to Rs. 985 crore (Rs. 589 crore in FY18).

As per previous GAAP, PAT in Q4-FY19 stood at Rs. 226 crore (Rs. 243 crore in Q3-FY19). As per previous GAAP, PAT in FY19 grew by 91% year-on-year to Rs. 871 crore (Rs. 455 crore in FY18) vis--vis PAT guidance of Rs. 620 crore.

Shares of Bharat Financial Inclusion Ltd was last trading in BSE at Rs.953.95 as compared to the previous close of Rs. 892.7. The total number of shares traded during the day was 114430 in over 4336 trades.

The stock hit an intraday high of Rs. 964.7 and intraday low of 865.45. The net turnover during the day was Rs. 105435977.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Hindustan Aeronautics Ltd board to consider final dividend on June 28, 2019

TCS Wins 2019 Pega Partner Award for Excellence in Digital Transformation

Federal Bank Ltd allots 1000 Basel III compliant bonds

Wipro Gallagher Solutions Releases NetOxygen Launchpad 3.0

3i Infotech Ltd board to consider Q1 results on July 12, 2019

Kewal Kiran Clothing Ltd board declares 1st interim dividend of Rs. 11

Promoters consolidate their holding in Man Industries

APM Industries Ltd board recommends dividend of Rs. 0.50

CRISIL reaffirms ratings of APL Apollo Tubes Ltd

NTPC Wins 160 MW Solar Capacities in SECI's Rajasthan Tranche-II, 750MW Tender

Mindtree Recognized for its Digital Excellence by ISG

Datiware Maritime Infra Ltd receives Rs. 15 crores order from Indian Navy

Megastar Foods Ltd to acquire Megapacific Ventures Pvt Ltd

PSP Projects Ltd awarded projects of Rs. 601.40 crores

3i Infotech Ltd forms subsidiary in Nigeria

Jagran Prakashan Ltd issues commercial paper of Rs. 65 crores

Adani Green Energy Ltd receives LOA for 130 MW Wind Power Project From SECI

Sangam Renewables Ltd appoints Ms. Anita Jaiswal as woman director

IL&FS Engineering Services receives approval for restart of the Road Project with MoRTH

Town of Florence and Subex establish IoT security lab in collaboration

8K MILES SOFTWARE SERVICES LTD calls for board meeting on June 28, 2019

PSP Projects Ltd bags new work orders worth Rs. 607.04 crores

Manappuram Finance Ltd completes acquisition of 92.6% in Manappuram Comptech & Consultants Ltd

CARE reaffirms rating of PNC Bundelkhand Highways Pvt Ltd

The Ramco Cements Ltd bags awards

Pricol Ltd to hive off overseas subsidiaries

Glenmark Pharmaceuticals receives tentative ANDA approval for Clindamycin Phosphate Foam, 1%

PNB board approves raising Rs. 1500 crore through Basel III compliant Tier II bonds

BEML donates for cyclone 'Fani' relief work, Odisha

TAAL Enterprises Ltd calls for board meeting on June 24, 2019

Newgen Makes its OmniFlow iBPS Platform More Intelligent with Process Insights

HDFC Limited to acquire Apollo Hospitals Group's shares in Apollo Munich and to merge with HDFC ERGO

TCS Retains Position as America's Most Community-Minded Information Technology Company

Bombay Cycle & Motor Agency Ltd Board to consider Bonus Issue on June 22, 2019

IndusInd Bank Ltd announces record date for issue of shares to BFIL shareholders

Brickwork reaffirms rating of Parsvnath Rail Land Project Pvt Ltd

Adani Green Energy Ltd arm receives LOAs for 600 MW hybrid projects

TCS Named 2018 Top Supplier of the year by QIAGEN

International Paper APPM Ltd announces annual outage from July 29, 2019 to Aug 28, 2019

Rajesh Exports bags new export order worth Rs. 942 crores from Germany, Europe

Indostar Capital Finance Limited and ICICI Bank Limited partner to finance Commercial Vehicles

BHEL successfully commissions Chhukha Unit-1 in Bhutan

Asian Oilfield Services receives orders of $37 mn

GAIL India Ltd fixes July 10, 2019 as record date for bonus issue

Blue Star Ltd receives single largest order from Mumbai Metro

Jubilant FoodWorks Ltd announces change in directorate

L&T Construction awarded contract for water supply and distribution in Sri Lanka

Polyplex Corporation Ltd's subsidiary to set up 60000 TPA BOPP film line project

JV Partners announce Final Investment Decision for initial two LNG train Project Development

Mahindra announces price increase for personal range of vehicles from July 1, 2019







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019