Bajaj Finance Limited - Q3 FY2023-24 Business Update

Bajaj Finance Limited has announced business updates on a consolidated basis with respect to the quarter ended 31 December 2023:

Customer franchise as of 31 December 2023 stood at 80.41 MM as compared to 66.05 MM as of 31 December 2022. In Q3 FY24, the customer franchise increased by 3.85 MM.

New loans booked during Q3 FY24 grew by 26% to 9.86 MM as compared to 7.84 MM in Q3 FY23.

Assets under management (AUM) grew by 35% to approximately ₹ 311,000 crore as of 31 December 2023 as compared to ₹ 230,842 crore as of 31 December 2022. AUM in Q3 FY24 grew by approximately ₹ 20,700 crore.

Consolidated net liquidity surplus stood at approximately ₹ 11,600 crore as of 31 December 2023. The Company's liquidity position remains strong.

Deposits book stood at approximately ₹ 58,000 crore as of 31 December 2023 as compared to ₹ 42,984 crore as of 31 December 2022, a YoY growth of 35%.

The above information with reference to 31 December 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. 7382.15 as compared to the previous close of Rs. 7431.80. The total number of shares traded during the day was 38253 in over 6586 trades.

The stock hit an intraday high of Rs. 7485.20 and intraday low of 7365.45. The net turnover during the day was Rs. 283901247.00.

Source : Equity Bulls

Keywords

BajajFinance INE296A01024 Q3FY2024 BusinessUpdate