Customer franchise as of 30 September 2023 stood at 76.56 million, up 21.7% from 62.91 million as of 30 September 2022. In Q2 FY24, the customer franchise increased by 3.58 million.
Assets under management (AUM) grew by 33% to approximately Rs 290,200 crore as of 30 September 2023 as against Rs 218,366 crore as of 30 September 2022. AUM in Q2 FY24 increased around Rs 20,100 crore.
Consolidated net liquidity surplus stood at approximately Rs 11,400 crore as of 30 September 2023. The company's liquidity position remains strong, said the NBFC.
Deposits book stood at around Rs 54,800 crore as of 30 September 2023 as compared to Rs 39,422 crore as of 30 September 2022, recording a YoY growth of 39%.
Earlier, the NBFC had announced that its board will meet on Thursday, 5 October 2023 to consider a proposal for fund raising.
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 non-banking financial company reported 32.38% jump in consolidated net profit to Rs 3,436.89 crore on a 34.62% increase in total income to Rs 12,500.54 crore in Q1 FY24 as compared with Q1 FY23.
Shares of Bajaj Finance were up 0.13% to Rs 7,979.50 on the BSE.