Bajaj Finance rises on reporting 45% growth in deposits book in Q4FY23

Today, the stock opened at Rs 5765.65 and has touched a high and low of Rs 5916 and Rs 5705 respectively.

At 11 am, the shares of Bajaj Finance were trading at Rs 5902.55, up by 136.90 points or 2.37% from its previous closing of Rs 5765.65 on the BSE.

Strong Quarterly Performance

Bajaj Finance’s deposits book stood at around Rs 44,650 crore as of March 31, 2023 (Q4FY23) as compared to Rs 30,800 crore as of March 31, 2022, a Year on Year (YoY) growth of 45%. The company’s new loans booked during Q4FY23 grew by 20% to 7.6 million as compared to 6.3 million in Q4FY22. The company booked the highest-ever new loans of 29.6 million in FY23.

Its core AUM grew by 29% to around Rs 247,350 crore as of March 31, 2023, as compared to Rs 192,087 crore (AUM excluding short-term IPO financing receivable of Rs 5,365 crore) as of March 31, 2022. AUM in Q4FY23 grew by around Rs 16,500 crore.

Stock price movement

Today, the scrip opened at Rs 5765.65 and has touched a high and low of Rs 5916 and Rs 5705, respectively. The BSE group 'A' stock of face value of Rs 2 has touched a 52-week high and low of Rs 7777 and Rs 5235.60, respectively. Last one week high and low of the scrip stood at Rs 5946 and Rs 5586.10 respectively. The current market cap of the company is Rs 3,57,833.78 crore.

The promoters holding in the company stood at 55.91%, while Institutions and Non-Institutions held 32.30% and 11.79% respectively.

Company Profile 

Bajaj Finance is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME and commercial customers with a significant presence in urban and rural India. It also accepts public and corporate deposits and offers a variety of financial services products to its customers Being one of the most diversified NBFCs in the Indian market, Bajaj Finance caters to more than 40 million customers across the country.