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Bajaj Finance reports 14% jump loan book for Q2FY25, shares close 1.5% lower
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2 min read | Updated on October 04, 2024, 18:28 IST
SUMMARY
Bajaj Finance's loan book crossed the 9 million mark in Q2FY25, compared to the 8.5% mark in the previous year's similar quarter. Over the trailing 12 months, the shares have provided negative returns in the range of 8-10%.
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Bajaj Finance reports 14% jump loan book for Q2FY25, shares close 1.5% lower
Its new loans booked grew by 14% to ₹9.69 million in Q2FY25 as compared to₹ 8.53 million in Q2FY24. Assets under management (AUM) grew by 29% to around ₹373,900 crore as of September 30, 2024, compared to ₹290,264 crore as of September 30, 2023. AUM in Q2FY25 grew by around ₹19,700 crore. Net liquidity surplus stood at around ₹20,100 crore as of September 30, 2024.
The company raised ₹3,181.54 crore through the allotment of 3,09,700 Non-convertible debentures (NCDs), at a face value of ₹1 lakh each, on a private placement basis.
Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market, catering to more than 40 million customers across the country.
In 2024, shares of Bajaj Finance have given flat to negative returns on a YTD basis and on a annual basis the shares of the company have delivered negative returns.
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