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Bajaj Finance's mastery of volume game visible in Q4 performance

From washing machines to mobile phones and furniture, diversification has play out well for the non-banking lender; asset quality steady

Bajaj Finance
Despite the systemic liquidity issues in recent months, cost of funds haven’t changed for Bajaj Finance - maintained at 8.3 per cent in Q4

In an industry where volumes matter the most, Bajaj Finance seems to have perfected the art. Its March quarter (Q4) performance, which exceeded expectations, is testimony to the same.  The results also defied talks of slowdown in consumer sentiment, with its consolidated assets under management (AUM) growing 40 per cent year-on-year (YoY) in Q4. This was, in fact, the best quarterly growth in FY19. Net interest income and net profit surged to Rs 3,395 crore and Rs 1,176 crore in Q4, up 50 per cent and 57 per cent, respectively. As Rajeev Jain, managing director of Bajaj ...