Bajaj Finance Limited - Q3FY23 Business Update

Bajaj Finance Limited has announced the operational update on a consolidated basis with respect to the quarter ended 31 December 2022:

- Customer franchise as of 31 December 2022 stood at 66.0 MM as compared to 55.4 MM as of 31 December 2021. The Company recorded highest ever quarterly increase in its customer franchise of 3.1 MM in Q3 FY23.

- New loans booked during Q3 FY23 were highest ever at 7.8 MM as compared to 7.4 MM in Q3 FY22.

- Assets under management (AUM) grew by 27% to approximately ₹ 230,850 crore as of 31 December 2022 as compared to ₹ 181,250 crore as of 31 December 2021. AUM in Q3 FY23 grew by approximately ₹ 12,500 crore.

- Consolidated net liquidity surplus stood at approximately ₹ 12,750 crore as of 31 December 2022. The Company's liquidity position remains strong.

- The Company continues to remain well capitalized with capital adequacy ratio (CRAR) of approximately 25.1% as of 31 December 2022.

- Deposit book stood at approximately ₹ 43,000 crore as of 31 December 2022 as compared to ₹ 30,481 crore as of 31 December 2021, a YoY growth of 41%.

The above information with reference to 31 December 2022 is provisional and subject to review by the statutory auditors of the Company.

Shares of Bajaj Finance Limited was last trading in BSE at Rs. 6573.60 as compared to the previous close of Rs. 6606.15. The total number of shares traded during the day was 14716 in over 2330 trades.

The stock hit an intraday high of Rs. 6635.00 and intraday low of 6550.40. The net turnover during the day was Rs. 96967911.00.

Source : Equity Bulls

Keywords

BajajFinance INE296A01024 NBFC OperationalUpdate BusinessUpdate Q3FY23