Bajaj Finance Ltd's AUM increases to Rs. 138,000 crore as of June 30, 2020

Bajaj Finance Ltd has announced the financial information on a consolidated basis with respect to the quarter ended on 30 June 2020:

- Customer franchise as of 30 June 2020 stood at 43.0 MM as compared to 36.9 MM as of 30 June 2019. During the quarter, the Company acquired 0.5 MM new customers.

- New loans booked during Q1 FY21 was 1.7 MM as compared to 7.3 MM in Q1 FY20.

- Assets under management (AUM) stood at approximately Rs. 138,000 crore as of 30 June 2020 as compared to Rs. 128,898 crore as of 30 June 2019.

- The Company continues to remain well capitalized with capital adequacy ratio (CRAR) of approximately 26.4% as of 30 June 2020.

- Consolidated liquidity surplus was approximately Rs. 17,600 crore as of 30 June 2020. The Company's liquidity position remains very strong.

- Deposit book stood at approximately Rs. 20,000 crore as of 30 June 2020 compared to Rs. 15,084 crore as of 30 June 2019.

- AUM under moratorium has reduced from 27% as of 30 April 2020 to approximately 15.5% as of 30 June 2020.

- The Company may consider additional accelerated provisioning for COVID-19 in Q1 FY21 as well to further strengthen its balance sheet.

The above information is provisional and subject to limited review by the statutory auditors of the Company.

Shares of Bajaj Finance Limited was last trading in BSE at Rs.3109.05 as compared to the previous close of Rs. 2931.85. The total number of shares traded during the day was 797651 in over 59748 trades.

The stock hit an intraday high of Rs. 3135 and intraday low of 2960.4. The net turnover during the day was Rs. 2423138734.

Source : Equity Bulls

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