- BAF’s PAT increased 52% YoY to INR16.1b in 3QFY20.

- AUM increased 35% YoY, helped by Auto finance (+51% YoY) and Mortgages (+44% YoY). Spreads improved and GS3% was flat QoQ at 1.6%.

- AUM growth in consumer durables finance slowed down to 7% YoY, mirroring the consumption slowdown.

- The two large LAP NPLs include IL&FS (INR2.34b exposure) and a coffee conglomerate (INR910m)

- The company will add another 200 locations in 4Q v/s 350 in 9MFY20

- In a tough environment, BAF maintained robust growth by deepening geographical penetration and increasing repeat business with existing customers.

Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.

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