Company Update : Bajaj Finance By Motilal Oswal Financial Services Ltd
Strong customer additions; AUM growth in line at ~28% YoY
New loan bookings clock a healthy ~22% YoY growth
* Total customer franchise stood at ~97.1m, up ~21% YoY/5.5% QoQ.
* BAF added ~5m new customers (vs. 3.85m YoY), well ahead of its previous high of ~4.5m.
* New loan bookings were the highest ever and rose ~22% YoY to 12.1m (vs. 9.9m in 3QFY24).
* AUM growth was in line with the reported AUM at INR3.98t, up ~28% YoY/~6% QoQ.
* The deposit book stood at INR688b and grew 19% YoY/4% QoQ
Strong new customer acquisitions
Healthy growth in new loan bookings
AUM rose 6% QoQ and 28% YoY
Deposits stood at INR688b, up 19% YoY
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