Bajaj Finance share price jumps over 7% on robust Q1 business update

Bajaj Finance share price rallied nearly 8% to hit a high of ₹7,916.70 apiece on

[{"selector":"#anim-79582e6e-3601-4c94-9ee7-f8f38ca645c8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.20312490414518%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9f621b89-39fe-441e-a100-98aa75a70ffd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] the BSE after the company reported strong business update for the quarter ended June 2023

[{"selector":"#anim-d41b86f3-82ce-499d-b398-334c6f74cb92 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(56.68329344357028%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9956c7e9-201d-483e-894b-c154a3d66dec","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] with robust volume and loan growth and healthy new customer acquisition.

[{"selector":"#anim-28611d3c-6eb3-4dc2-90ea-5a0c3cc13038 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(53.84729247915627%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2cec30d4-e8c8-4f14-8282-74cf61b8ce7f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The NBFC’s loan book grew 34% to 9.9 MM in the April-June quarter of the current fiscal from 7.2 MM in the corresponding period last year

[{"selector":"#anim-36a5a8cb-9058-466c-b1ab-660c193c49f1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(49.39170974910036%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-059538b7-e589-4e27-bc64-37cff81fc6c9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The company’s customer franchise jumped to 72.98 MM as of June 30, 2023, compared to 60.30 MM in the year-ago period.

[{"selector":"#anim-68576073-eaa1-4760-84c2-f59f85cc8ead [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(32.84522240899449%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9fe6c29a-53a2-44ca-9cf4-04c77d2b8201","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Bajaj Finance recorded its highest ever quarterly increase in its customer franchise of 3.84 MM in Q1FY24.

[{"selector":"#anim-99a0e5ae-dccb-4ec9-bfe8-f01892b83619 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.205852407544675%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0c8d7d19-519b-438e-9133-2d446cb8daf2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Assets under management (AUM) grew by 32% to approximately ₹270,050 crore in Q1FY24 from ₹204,018 crore in Q1FY23

[{"selector":"#anim-99b63da0-165a-41b6-8e8e-db60ac4b4df2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2e043443-96c3-4b48-98a8-bdac1a03c84d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The company recorded the highest ever quarterly increase in its AUM of approximately ₹22,700 crore in Q1FY24.

[{"selector":"#anim-ccfac17a-aaa0-4931-aa6f-60103df56080 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(54.89080415941594%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fc5087e7-83d6-470d-86c2-d8f0149dd762","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The company’s consolidated net liquidity surplus stood at approximately ₹12,700 crore as of June 30, 2023

[{"selector":"#anim-139875d4-a23f-4b41-8027-70a965e9849a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.265202607224566%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fc1c73ab-d1c0-4ead-b527-3e0e27c8597d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] In addition, deposit book rose to ₹49,900 crore from ₹34,102 crore in the year-ago period, registering an annual growth of 46%.

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