As a result, new loan orders decreased by 7.4 million in the first quarter of 2023
Shares of Bajaj Finance fell on Oct. 6, even as the company reported strong 31% growth in its AUM (assets under management) in the September quarter. Assets under management increased from 1.66 million to 2.18 million as of September 30, 2021.
At 9:30 a.m., the stock was valued at rupees 7,376 on the state exchange, down 1.5%. This is the most mysterious sign today. The stock rose nearly 50% from its low of 5,200 rubles in June.
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The company said in a press release that customer revenue now stands at 62.9 million, up from 52.8 million last year. “Consumer franchises grew by 2.6 million in the second quarter of the year. During the quarter, 6.8 million euros in new loans were provided, while in the second quarter, 6.3 million euros worth 22, he added.
As a result, new loan orders fell by 7.4 million in the first quarter of 2023. Global brokerage Macquarie fell short of its target of Rs 5,000 per share. “Assets under administration have increased more quickly than anticipated, although lending volumes have held steady relative to levels from the previous 20 years. Loans granted are still below the target of 7 million.
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CLSA has a buy rating and a target of Rs 5,600 per share. “The number of tickets has only increased by 8% from last year. This difference in volume and value growth is due to the larger size of the tickets and various changes,” he says.
During this period, Bajaj Finance was profitable and accumulated a cash surplus of Rs 9,300 crore. In the quarter that ended September, the solvency ratio (CRAR) stood at 25.1% and the deposit base rose 37% year-over-year to SEK 39,400.
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Bajaj Finance reports strong growth, but slow loan deals
Even as it posted a strong 31% gain in assets under management (AUM) in the September quarter, Bajaj Finance shares rose on October 6 before turning into losses. AUM increased from 1.66 million to approximately 2.18 million as of September 30, 2021.
It was down 1.5 percent to Rs 7,376 on the NSE as of 9.30 am. This is the largest decline in the index today. 5,200 in June, up almost 50%.
In an exchange filing, the company told clients it now has 62.9 million franchisees, up from 52.8 million last year. “2.6 Million Increase in Customer Payments in Q2 2023.” “New loans were recorded at 6.8 million in the quarter, compared to 6.3 million in the second quarter of FY2222,” he said.
The number of new loans declined by 7.4 million consecutively in the first quarter of 2023. Macquarie’s global market share has reached Rs 5000 crore. Growth in assets under management exceeded expectations, but total lending remained flat in FY20. It is estimated that the total amount of the loan will be less than 7 million.
5,600 per CLSA share. This difference between volume and revenue growth can be attributed to larger ticket sizes and structural changes,” he said.
Meanwhile, Bajaj Finance’s cash flow remains at Rs 9,300 crore. The Capital Adequacy Ratio (CRAR) was 25.1% in September and the number of deposits increased by 37% YoY to 39,400 crores.
Jefferies and Bank of America Securities are listed on the stock exchange with call options and target prices of 8,000 and 8,345 dinars. He sees the growing franchise market and AUM as positive drivers for Bajaj Finance, positioning the company for sustainable growth.
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Bajaj Finance: Q1 disappointing, but higher markup should remain
The street should see an increase in the NPA ratio in June
The stock has lost 2.5% over the past 30 days and fell 0.9% after the results.
Bajaj Finance Limited (BFL), a large NBFC with a large footprint, announced results for the first quarter of 2021-2022 that were below expectations on higher NPAs. The advice said that without a third wave, growth would return to pre-covid levels.
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Bajaj’s net profit increased by more than 150% from April to June.
Consumer finance giant Bajaj’s net profit increased 1.5 times to Rs 2,596 crore in the quarter that ended June 2022. This is due to a significant increase in credit, especially in rural areas and in rural areas, from last year’s 100.2 billion INVESTMENT.
The company’s assets under management (AUM) will increase by 28% to 2.04 billion by the end of 2022 from 1.59 billion last year. New loans reported in the first quarter increased 60% to 7.42 billion from 4.63 million in the same period last year.
In the fourth quarter, the company achieved a record four-fold growth with 27.33 million franchise customers. Interest income (NII), the difference between mutual interest and financial interest, increased by 48% to Rs 6,638 million last year, contributing to the strong growth in lending activity.
The consumer business book grew 47% to 16.475 billion, while the core consumer book grew 31% to 41.207 billion. SMEs increased by 31% to Rs 2,656.4 crore to become the number one corporate lender.
Bajaj Finance has registered good asset growth in 11 quarters, but the road is divided
Bajaj Finance has doubled its asset under management (AUM) in the last four years and doubled its customer base in the same period. The company’s loan structure has also changed: the share of consumer loans has decreased as a percentage of the total portfolio, as has the commercial portfolio.
The decline in this segment is due to mortgages and agriculture, and their share is increasing.
India’s largest non-bank lender released its status report for the September quarter, which found that new loans fell from June and assets under management rose 7 percent. Time deposits increased by 15.5 percent compared to the previous quarter.
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Bajaj Finance shares have risen nearly 300 percent in the past five years.
However, while some analysts praised the company’s strong AUM growth, some questioned the slow pace of debt repayment growth.