Bajaj Finance Ltd - Business Updates for Q1 FY2024-25

Bajaj Finance Ltd has announced business updates on a consolidated basis with respect to the quarter ended 30 June 2024:

1. Customer franchise as of 30 June 2024 stood at 88.11 MM as compared to 72.98 MM as of 30 June 2023. In Q1 FY25, the customer franchise increased by 4.47 MM.

2. New loans booked during Q1 FY25 grew by 10% to 10.97 MM as compared to 9.94 MM in Q1 FY24. The Company resumed sanction and disbursal of loans under 'eCOM' and 'Insta EMI Card' and issuance of EMI cards after the RBI removed the restrictions on these businesses on 2 May 2024.

3. Assets under management (AUM) grew by 31% to approximately ₹ 354,100 crore as of 30 June 2024 as compared to ₹ 270,097 crore as of 30 June 2023. AUM in Q1 FY25 grew by approximately ₹ 23,500 crore.

4. Net liquidity surplus stood at approximately ₹ 16,200 crore as of 30 June 2024. The Company's liquidity position remains strong.

5. Deposits book stood at approximately ₹ 62,750 crore as of 30 June 2024 as compared to ₹ 49,944 crore as of 30 June 2023, a YoY growth of 26%.

The above information 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. 7108.60 as compared to the previous close of Rs. 7251.80. The total number of shares traded during the day was 87938 in over 7800 trades.

The stock hit an intraday high of Rs. 7325.00 and intraday low of 7100.35. The net turnover during the day was Rs. 631936245.00.

Source : Equity Bulls

Keywords

BajajFinance INE296A01024 BusinessUpdates Q1FY2025