Bajaj Finance Limited - Q2 FY2023-24 Business Updates

Bajaj Finance Limited has announced updates on a consolidated basis with respect to the quarter ended 30 September 2023:

1. Customer franchise as of 30 September 2023 stood at 76.56 MM as compared to 62.91 MM as of 30 September 2022. In Q2 FY24, the customer franchise increased by 3.58 MM.

2. New loans booked during Q2 FY24 grew by 26% to 8.53 MM as compared to 6.76 MM in Q2 FY23.

3. Assets under management (AUM) grew by 33% to approximately ₹ 290,200 crore as of 30 September 2023 as compared to ₹ 218,366 crore as of 30 September 2022. AUM in Q2 FY24 grew by approximately ₹ 20,100 crore.

4. Consolidated net liquidity surplus stood at approximately ₹ 11,400 crore as of 30 September 2023. The Company's liquidity position remains strong.

5. Deposits book stood at approximately ₹ 54,800 crore as of 30 September 2023 as compared to ₹ 39,422 crore as of 30 September 2022, a YoY growth of 39%.

The above information with reference to 30 September 2023 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. 7968.95 as compared to the previous close of Rs. 7809.40. The total number of shares traded during the day was 20468 in over 4023 trades.

The stock hit an intraday high of Rs. 7977.40 and intraday low of 7759.40. The net turnover during the day was Rs. 161343804.00.

Source : Equity Bulls

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BajajFinance INE296A01024 Q2FY2024 BusinessUpdates