Bajaj Finance Stock Hits 52-week High – Q1 business update

Bajaj Finance Stock Hits 52-week High

Bajaj Finance Stock Hits 52-week High

On July 4, early trading saw an 8% increase in Bajaj Finance shares as the business released encouraging results for the three months that ended in June 2023.

In contrast to 60.30 MM as of June 30, 2022,

the customer franchise was at 72.98 MM as of June 30.

Company Board Meeting

On July 26, the company’s board of directors will meet to discuss and approve the unaudited standalone and consolidated financial statements for the three months ended June 30.

Bajaj Finance Business Update

The firm also saw its customer franchise grow by 3.84 MM in Q1FY24, the highest-ever quarterly rise.

Compared to Q1FY23, when new loans were booked, they increased by 34% to 9.94 million from 7.42 million.

The deposit book increased by 46% from Rs 34,102 crore in June 2022 to an estimated Rs 49,900 crore in June 2023.

Bajaj Finance AUM

In Q1FY24, its assets under management (AUM) grew by 32% to Rs 2,70,050 crore from Rs 204,018 crore in the same quarter of the previous year.

By June 2023, the total net liquidity excess was Rs 12,700 crore.

In Q1 FY24, its AUM mix stayed the same.

Check Bajaj Finance Stock Price


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