Bajaj Finance Ltd - Business Update - Q2FY21

Bajaj Finance Ltd has provided business updates on a consolidated basis with respect to the quarter ended on 30 September 2020:

- Customer franchise as of 30 September 2020 stood at 44.1 MM as compared to 38.7 MM as of 30 September 2019. During the quarter, the Company acquired 1.2 MM new customers.

- New loans booked during Q2 FY21 was 3.6 MM as compared to 6.5 MM in Q2 FY20.

- Assets under management (AUM) stood at approximately ₹ 137,300 crore as of 30September 2020 as compared to ₹ 135,533 crore as of 30 September 2019.

- The Company continues to remain well capitalized with capital adequacy ratio (CRAR) of approximately 26.5% as of 30 September 2020 while maintaining highest ever liquidity buffer.

- Consolidated liquidity surplus stood at approximately ₹ 22,300 crore as of 30 September 2020. The Company's liquidity position remains very strong.

- Deposit book stood at approximately ₹ 21,600 crore as of 30 September 2020 as compared to ₹ 17,633 crore as of 30 September 2019.

- The Company will continue to accelerate its provisioning for COVID-19 in Q2 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.3474.4 as compared to the previous close of Rs. 3379.85. The total number of shares traded during the day was 175471 in over 12730 trades.

The stock hit an intraday high of Rs. 3480 and intraday low of 3392.05. The net turnover during the day was Rs. 604608791.

Source : Equity Bulls

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