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07-04-2023 11:05 AM | Source: Accord Fintech
Bajaj Finance zooms on reporting 46% growth in deposits book in Q1FY24
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Bajaj Finance is currently trading at Rs. 7875.00, up by 539.65 points or 7.36% from its previous closing of Rs. 7335.35 on the BSE.

The scrip opened at Rs. 7631.00 and has touched a high and low of Rs. 7916.70 and Rs. 7548.05 respectively. So far 200013 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 7,916.70 on 4-Jul-2023 and a 52 week low of Rs. 5487.25 on 20-Mar-2023.

Last one week high and low of the scrip stood at Rs. 7916.70 and Rs. 7040.00 respectively. The current market cap of the company is Rs. 474394.83 crore.

The promoters holding in the company stood at 55.91%, while Institutions and Non-Institutions held 32.15% and 11.93% respectively.

Bajaj Finance’s deposits book stood at around Rs 49,900 crore (provisional) as of June 30, 2023 (Q1FY24) as compared to Rs 34,102 crore as of June 30, 2022 (Q1FY23), a year-on-year (YoY) growth of 46%. Its new loans booked during Q1FY24 grew by 34% to 9.94 million (provisional) as compared to 7.42 million in Q1FY23.

Customer franchise as of June 30, 2023 stood at 72.98 million (provisional) as compared to 60.30 million as of June 30, 2022. The Company recorded highest ever quarterly increase in its customer franchise of 3.84 million (MM) in Q1FY24. Its Assets under management (AUM) grew by 32% to around Rs 270,050 crore (provisional) as of June 30, 2023 as compared to Rs 204,018 crore as of June 30, 2022. The Company recorded highest ever quarterly increase in its AUM of around Rs 22,700 crore in Q1FY24. AUM mix remained stable in Q1FY24. Consolidated net liquidity surplus stood at around Rs 12,700 crore (provisional) as of June 30, 2023. The Company’s liquidity position remains strong. 

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.