07-06-2022 04:48 PM | Source: Angel One Ltd
Bajaj Finance Stock Outlook after Q1 Update By Mr. Yash Gupta, Angel One Ltd
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Quote on Bajaj Finance Stock Outlook after Q1 Update by Mr. Yash Gupta- Equity Research Analyst, Angel One Ltd

Bajaj Finance reported a good set of numbers for Q1FY23, Company reported the highest ever quarterly increase in its customer franchise of 2.7 MM.

Bajaj Finance has reported its quarterly business update, the company's customer franchise reached 60.3 Mm as compared to 50.5 Mm last year, this is the highest quarterly increase in customer franchise by Bajaj finance of 2.7 Mm in Q1FY23. Along with the customer franchise the company has also reported good numbers for the new loan book which is at 7.4 Mm for Q1FY2023 as compared to 4.6 in Q1FY22. 

Overall the Q1FY23 quarterly update seems to be very strong for Bajaj Finance and the company is back on its pre-covid growth momentum. We expect bajaj finance to continue this growth momentum for the next couple of quarters. 

We have a neutral outlook on Bajaj Finance looking at the current valuations and comparing them with peers group.

 

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