You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Bajaj Finance advances after strong Q4 business update

Capital Market 

Bajaj Finance rose 1.02% to Rs 5014.25 after the company's customer franchise as of 31 March 2021 stood at 48.6 million, up by 14.08% from 42.6 million as of 31 March 2020.

The company acquired 2.3 million new customers in Q4 FY21 compared with 1.9 million in Q4 FY20.

New loans booked during Q4 FY21 were 5.5 million as against 6 million in Q4 FY20.

Assets under management (AUM) stood at approximately 1.53 lakh crore as of 31 March 2021 compared with Rs 1.47 lakh crore as of 31 March 2020, registering a year-on-year (YoY) growth of 4.08%. AUM in Q4 FY21 grew by approximately Rs 9,500 crore.

Consolidated liquidity surplus stood at approximately Rs 16,000 crore as of 31 March 2021. The company's liquidity position remains very strong.

The company continues to remain well capitalized with capital adequacy ratio (CRAR) of approximately 28.4% as of 31 March 2021.

The company's deposit book increased by 20.41% as it stood at approximately Rs 25,800 crore as of 31 March 2021 as compared to Rs 21,427 crore as of 31 March 2020. Deposit book in Q4 FY21 grew by over Rs 2,000 crore.

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 company reported a 29% drop in consolidated net profit to Rs 1145.98 crore on a 5.2% fall in total income to Rs 6658.47 crore in Q3 December 2020 over Q3 December 2019.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, April 06 2021. 09:17 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU