Bajaj Finance fell 1.73% to Rs 4120 after the company issued business update for Q3 December 2019.
The company in an exchange filing made before market hours today informed that its customer franchise as of 31 December 2019 stood at approximately 40.4 MM as compared to 32.6 MM as of 31 December 2018. During the Q3 December 2019 quarter, the company acquired 2.5 MM new customers.
Further, new loans booked during Q3 December 2019 stood at 7.7 MM as compared to 6.8 MM in Q3 December 2018.
The company's assets under management (AUM) stood at approximately Rs 145,200 crore as of 31 December 2019 as compared to Rs 107,507 crore as of 31 December 2018.
Bajaj Finance is engaged in lending and allied activities. It focuses on consumer lending, small and medium-sized enterprises (SME) lending, commercial lending, rural lending, fixed deposits and value-added services.
The NBFC's consolidated net profit rose 63.1% to Rs 1506.29 crore on a 48% jump in total income to Rs 6322.55 in Q2 September 2019 over Q2 September 2018.
The scrip fell 3.02% in two session from its close of Rs 4248.30 recorded on 2 January 2019.
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