Bharat Fin reports sound numbers for Q2

Leading micro-financier Bharat Financial Inclusion reports good numbers for Q2FY19, following which the stock was buzzing on the exchange. The company posted a The company registered a 46 per cent YoY growth in Gross Loan Portfolio.

The company registered a 46 per cent YoY growth in Gross Loan Portfolio at Rs. 15,482 crore in Q2FY19 as against Rs. 10,583 crore in Q-FY18. On QoQ basis, the growth was 12 per cent as against Rs. 13,832 crore in Q-FY19. This growth was driven by customer addition, which was up 31 per cent YoY at 10.5 lakh customers in Q2FY19.

For Q2FY19, Bharat Financial NII was at Rs. 519 crore, as against Rs. 363 crore, up 43 per cent QoQ and 95 per cent YoY against Rs. 266 crore in Q2FY18. The company's PAT was up 73 per cent YoY at Rs. 233 crore as against Rs. 135 crore in Q2FY18.

On the other hand, the Company posted a total collection efficiency of 99.6 per cent for loans disbursed between January 1, 2017 and September 30, 2018, amounting to Rs. 35,683 crore. The company's Gross NPA and Net NPA stood at 0.4 and 0.1 per cent, respectively in Q2FY19.

At 10:23 hours, the stock of Bharat Financial Inclusion was quoting Rs. 918.20 per share, down 0.70 per cent on Thursday.