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Bajaj Finance jumps on strong Q1 performance

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Bajaj Finance was up 5.93% to Rs 3617.35 at 12:06 IST on the BSE after the company reported good consolidated performance in the quarter ended 30 June 2019.

The announcement was made during market hours today, 9 July 2019.

Meanwhile, the S&P BSE Sensex was up by 56.96 points, or 0.15% to 38,777.53.

On the BSE, 1.94 lakh shares were traded in the counter so far compared with average daily volumes of 68,000 shares in the past two weeks. The stock had hit a high of Rs 3624.05 and a low of Rs 3338.75 so far during the day. It hit a 52-week high of Rs 3761.35 on 5 July 2019 and a 52-week low of Rs 1912 on 8 October 2018.

On a consolidated basis, Bajaj Finance's customer franchise in Q1 June 2019 stood at approximately 36.90 million as compared to 28.3 million as of Q1 June 2018. During the quarter, the company acquired 2.5 million new customers.

New loans booked during Q1 June 2019 was 7.3 million compared with 5.6 million in Q1 June 2018.

Assets under management (AUM) stood at approximately Rs 129,000 crore as of 30 June 2019 as compared to Rs 91,287 crore as of 30 June 2018 and Rs 115,888 crore as of 31 March 2019.

The above information is provisional and subject to a limited review by the statutory auditors of the company, the firm said.

On a consolidated basis, Bajaj Finance's net profit rose 57.3% to Rs 1176.06 crore on a 52% rise in the total income to Rs 5308.47 crore in Q4 March 2019 over Q4 March 2018.

Bajaj Finance is a non-banking finance company (NBFC).

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

First Published: Tue, July 09 2019. 12:12 IST