BAJAJ FINANCE LIMITED SEC/2017/43 30 January 2017 [The Manager, The Manager, | BSE Limited Listing Department | DCS - CRD National Stock Exchange of India Ltd. | Phiroze Jeejeebhoy Towers | Exchange Plaza, C-1. Block G, Dalal Street, Bandra - Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400 051 Scrip Code:500034 Scrip Code: BAJFINANCE - EQ Sir / Madam, Sub: Outcome of Meeting of Board of Directors This is to inform you that - The Board of Directors of the Company, at its meeting held today, a) approved the unaudited standalone financial results of the Company for the quarter and nine months ended 31 December 2016. Copy of the said financial results (annexure 1), limited review report of auditors (annexure 2), and press release (annexure 3) in this respect are enclosed. b) issued and allotted securities of the Company as per details below: i) Type of securities issued: Equity shares of face value of € 2/- each Total number of securities issued: 150 Type of issuance: The issue and allotment of shares is in respect of rights entitlement, in rights issue made in February 2013, on shares held in unclaimed suspense account. The said rights entitlement was held in abeyance pursuant to the provisions of the erstwhile Listing agreement. Upon claim received from the concerned shareholder and release of the shares held in unclaimed suspense account, the Company has made available the aforesaid rights entitlement to the shareholder in terms of the Letter of Offer for the aforesaid rights issue. The meeting commenced at 11.30 a.m. and concluded at!2-35 p.m Thanking you, Yours faithfully, For BAJAJ FINANCE LIMITED ANANT DAMLE COMPANY SECRETARY Encl.: As above Corporate office xt. 34 loc, Panchshi Tech Patk, Vian Nagar, Pune - 411014, Maharashtra, india Registered Dice: Mumbai-Pune Road, Akurl, Pune - 411035, Maharashtra, India Tek: +91 20 30186403, wwncbsjafinservinjfinance CapactetoNa. Sha Lessrowt987eLc042961BAJA) FINANCE LIMITED Bajaj Finance Limited Unaudited Financial Results for tho Quarter and Nine Months ended 31 Docombor 2015, in Crore} Pariculas ume — ouster ine ne year sui22018 apobane sisaas “ariaze “oriears —a1at a9] (Ghaudies) _(Unsuod) (Unaucos) _(Unauaies) __(Unaséte|___— Bust (a)incams trom operators warn) roa ssri7t amaze siss4e 5122 (2) Or operating income "7438 “vebst agus 4en 6 zs208 3.09 ott ocome tom operation (net) mois muro maetas re siorseroast [a) employes bene expence 2120 0 mm aero ss46 enea] {5 Lownlosses and ponsone ter eas Sanat See) 585 {5} Maretng an ote ommsians sie tira 2aais 5e5.3 (@) Recover costs mes mae ‘au Este |e) Depecaton ara anrtatenexenses is ss 3820 534 {0 Omer expenses, zat sea? 00 24425] 2 Profit Loss) fom operations telor other Income and Fiance este and orcopons Home (2, wosoo —1sea4a. 366290876 a. wna 4 ner neome zs? aM 7883 317 Profit (Loe) trom orinary activities bear nance costs nd exceptional items (4), toon tseaae tara arco asesss eat Fane cose Se eT? ries 585 7 Profit Loss) rom acinar atin ater fares costs but eto exceptional ams (5-8) soo ses east are warsse 95457 8 Sxcepioat tans 00 =a oa om 000, oon| 9 Pro Loss) fom oviaayaetes tore tax (7 £8) soo 62530 aasts nara wwsse a4 10 Taxeroense wuss 8 0 st210 2265] 1 NetProdt (Las) frm octinary actos ater tae (9-10) 5555778 amas 387.40 vous sara 12 Pactupeauly tare oss tare “spa me sa) (Face Vata £2 por are) (Sot 90.688) oe! f prec stoning yar ra 14. Eamings per ehare(ctannalcd) Base sor 200 tH 5m teas na DBiute 1 mi tas 13 et Bes The above resus nove boon raviened by ne Aud Comme ane peavey te Boar of rctrsin 2 tng eld on 0. 2017 and have teen subecied to 3 atoa rv bye Slatasy Austr Fares fre previus peed rave ben fgspes wnerver ecassay, to mae hem compari wth he cen per. The Companys engage pian the Busnes cf mancng a accra ete reo separate epotabl sogmt ep Aosening tna 17 del wt Sear Reporng 4+ Paap my Regain 3 Esty Ons ns Dacre Resets eps, 218 he Campanas co bh “Sancalone tara esl og arc yer 201517 ‘5 The acu nor converte detones cute by th Company a ay scarey et pa pass charge by morgage of te Corgan knows tcp t Pune [Chama and by mptteston of bok aston rcehatos oe set a sand te apectne Wan mena arsed share capt oe Comary mes neeased ton € 75 or cons 7.50.0 O00 equy shares ofc va of € 1 acho € 150 eo consist a 75.90.0900 equty stars face va of 2 each, scorn 63,7219 equ hues face a TO wach on Pract ale, 1 Sete! 209 en ne any, wer ss need 25,9 51950 egy tare ot vale of each ard 10h 1 September 2018 to Alonent Commie f te Boar of Oretr atte 2598, 50,950 ecu shares ace ale of 2 e898 bo shee inthe roparen ef one Dos aut Share lx evry ar eay share ole va of € 2 hl eon Pe act ate oy cola mr aresrt of 548721800 om sare Premurnaecourt Tho bon rues wereld n BSE Lend and Natal Sock Excunge ofa mfed we 18 Sepember 26. Ey consent, 2) tes othe SEBI (sso Ctl an Diecoeue Requirements) Raptor, 200, he exe pce and he mambo of wat aso the prom, a Fnser cineea wore poeranatay agit ara Dyin tems tne Epoyeo Stock ton Seema, 2009 a he Company, grat prea he mur af estan ack opto respect of tock eons gated tar te Empoye Sock Opin Sze, 2003 mere papariosiny aed 17 Thecarrings per star respect oe provous gers hs buen estate cans he fra ab-son of shares, altmer of boas shares ed sutton teopect of eternal wareer ng ust sek ene 1 Durng te quarter anda 31 Decor 201, Sa] sary Lins [rometr sare th pn a anv 950.00 waar, sed on peferetal as, won yea ot € 20608 crore bong osance 5% arn ha asi pcs and arty 8250000 wauty Ses he fon vou a3 secre ates Ba Fer Unted on 28 Novenou 2018 ata premium of 3920 per enay She, The hn recawed upon alement ave bas aa mang nang eqaremens ‘fetuses acne on Company a ooo oe sue Bota ef he Bea of rate et Suan a7 | so Comune eh Pov Fen Cop en, Zep Po re Te ose a Corpor ote ft 3Flos Pane Tech Pak, vm aga Pune 404, |—Tek 91203018603 ovine nance Aahorasht, nd Fes 9120 218854 Registered Ofte: Mumbo une Rod, Aku Pune «1035 Maheasua, nis | Compt o No Sha Les9ioMH987PICOA2951zg » Dalal & Shah LLP Chartered Accountants ‘The Board of Directors Bajaj Finance Limited Mumbai ~ Pune Road Akurdi Pune- 411035 1. We have reviewed the unaudited financial results of Bajaj Finance Limited (the “Company”) for the quarter ended December 31, 2016 which are included in the accompanying ‘Unaudited Financial Results for the Quarter and Nine Months ended 31 December 2016 (the “Statement”). ‘The Statement has been prepared by the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations, 2015”), which has been initialled by us for identification purposes. The Statement is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review. 2, We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. 3. Areview is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and, 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 Statement has not been prepared in all material respects in accordance with the applicable Accounting Standards prescribed under Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014 and other recognised accounting practices and policies, and has not disclosed the information required to be disclosed in terms of Regulation 39 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it ‘contains any material misstatement. For Dalal & Shah LLP Firm Registration Number: 102021W/Wioo110 Chartered Accountants Ql S. Venkatesh Place: Pune Partner Date: January 30, 2017 ‘Membership Number: 037942 Dalal & Shah LLP, 252, Veer Savarkar Marg, Shivaji Park, Dadar (West), Mumbai - 400 028 T: +91 (22) 66691500, F: +91 (22) 66547804 / 07 Regard fica an Hea ficn252 Vee Setar Mag, St Pa Dd Mum 400008 aa Shans Panna Fee) crural & Shah LP Linn atiy Pari wl LL any: LPN AE. 355 lh ef fom Dares 2,206 Poa is comrsonto Gals San LP ts en rogson roe CaDeIWTWIGENE TON tgetaion monte session nee EDT),BAJA) FINANCE LIMITED PRESS RELEASE inance Limited Results - 3 Quarter FY1: z Bajaj Finance reports Assets under Management (AUM) of 757,605 crore - a growth of 33% and its highest ever quarterly profit after tax of #556 crore - a growth of 36% over corresponding quarter of previous year. The Board of Directors of Bajaj Finance Limited in their meeting held today took on record the Unaudited Financial Results of the Company for the quarter ended 31 December 2016. Performance Highlights > New loans booked during Q3 FY17 4 35% to 28,79,595 from 21,39,041 in Q3 FY16. > Total income for Q3 FY17 4 32% to € 2,729 crore from & 2,069 crore in Q3 FY16. v Profit after tax for Q3 FY17 \ 36% to € 556 crore from & 408 crore in Q3 FY16. y Assets under Management (AUM) as of 31 Dec 2016 4 33% to % 57,605 crore from % 43,452 crore as of 31 Dec 2015. > Customer franchise as of 31 Dec 2016 4 25% to 19.18 million from 15.34 million as of 31 Dec 2015. During the quarter, the Company acquired 1.17 million new customers. > Gross NPA and Net NPA as of 31 Dec 2016 stood at 1.47% and 0.39% respectively. The provisioning coverage ratio stood at 74% as of 31 Dec 2016. The Company follows NPA recognition policy of 120 days overdue as required by RBI guidelines. The Company has not opted for 90 days’ relaxation extended by RBI for recognition of loan accounts as NPA. During the quarter, the Company sold NPA receivables of 92 crores worth across Consumer and SME businesses on cash basis. v Loan losses and provisions for Q3 FY17 4 23% to & 180 crore as against & 146 crore in QB FY16. > Capital adequacy ratio (including Tier-II capital) as of 31 Dec 2016 stood at 21.26%. The Tier-| capital stood at 15.26%. During the quarter, the company raised % 105 crore by way of Tier Il capital to augment its capital base. The Company continues to be well capitalized to support its growth trajectory. oe C | \rrbapaserdeiognce Gooaone | = OE Lessromnssrriconse: | Maharastir, India Corporate office Ext: 3° Flot, Panchshl Tech Park, Viman Nagar, Pune - TIO}, Registered Ofice: Mumbal-Pune Road, Aku, Pune - 41035, Maharashtc, inciBAJA) FINANCE LIMITED Key financial figures crore) ‘Sm on Particulars 9317 | 9316 | QoQ | 9mi7 | om't6 | 9m _| FY 15-16 New loans booked (No. in 000) 2,880| 2,139| 35%| 7,597 | 5,252 45% | 6,835 Assets under Management _| 57,605 | 43,452| 33% | 57,605 | 43,452 33% Receivables under financing activity 54,285 | 41,727| 30% | 54,285 | 41,727 30% Interest and fee income 2,729 | 2,069| 32% | 7,396 | 5,426 36% Interest Expenses 9g0| _749| 31% | 2,820| 2,121) 33% Net Interest Income (NI!) 4,749 | 1,320 | 33% 4,576 | 3,305 38% Operating Expenses 79| _549| 31%| 1,920 | 1,443 33% Loan Losses & Provisions 180| 146 | 23% 528,386 37% Profit before tax a50| 625 36%| 2,128 | 1476 44% Profit after tax 556| 408] 36%| 1,387| 963 44% & crore) Assets Under Management (AUM) a317 | 0316 | 00 | FY 15-16 Consumer 26,997 | 18,382) 47%| 18,996 SME 21,079 | 19,146) 10%| 18,692 Commercial 6,954| 4,765) 46% 5,202 Rural Z 2,575 | 1,159 | 122% 1,339 Total AUM 57,605 | 43,452) 33%| 44,229 + During the quarter ended 31 December 2016, Bajaj Finserv Limited (Promoter) exercised the option to convert 92,50,000 warrants, issued on preferential basis, upon payment of 3306.08 crore being balance 75% amount of the issue price and accordingly 92,50,000 equity shares of the face value of 22 each were allotted to Bajaj Finserv Limited on 23 November 2016 at a premium of 7439.20 per equity share. The funds received upon allotment have been utilised for meeting funding requirements of the business activities of the Company as per the objects of the issue. + During the quarter, the Company launched Co-Branded credit cards distribution business with RBL Bank. These co-branded credit cards will have many customer friendly features including no-cost EMI options at Point of Sale, accelerated rewards for high savings and a feature of no interest on cash withdrawals upto 50 days. These co- branded cards will be offered to customers of Bajaj Finance Limited. For Bajaj FinanceLgiped Pune 30 Jan 2017 Mares thee nti Ard ues van nde | tect Shi Lssstomii9a7euco4z96t