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As On 27-Mar-2023 EOD, Market Closed
SENSEX
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  • Bajaj Finance records over 5% YoY growth in new loans in Q3; customer franchise at 66 mn

    Bajaj Finance said that new loans booked by the company during Q3 FY23 stood at 7.8 million, up by 5.4% as compared with the same period last year.

    The company had booked 7.4 million loans in the corresponding quarter last fiscal. The NBFC further said that the customer franchise as of 31 December 2022 stood at 66 million as compared to 55.4 million as of 31 December 2021, up 19% YoY. The company recorded highest ever quarterly increase in its customer franchise of 3.1 million in Q3 FY23. Assets under management (AUM) grew by 27% to approximately Rs 230,850 crore as of 31 December 2022 as compared to Rs 181,250 crore as of 31 December 2021. AUM in Q3 FY23 grew by approximately Rs 12,500 crore.

    Consolidated net liquidity surplus stood at approximately Rs 12,750 crore as of 31 December 2022. The company's liquidity position remains strong, Bajaj Finance said.

    The company continues to remain well capitalized with capital adequacy ratio (CRAR) of approximately 25.1% as of 31 December 2022.

    Deposit book stood at approximately Rs 43,000 crore as of 31 December 2022 as compared to Rs 30,481 crore as of 31 December 2021, a YoY growth of 41%.

    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.

    On consolidated basis, the company's net profit surged 87.8% to Rs 2,780.65 crore on 29% jump in net sales to Rs 9,972.63 crore in Q2 FY23 over Q2 FY22.

    The scrip slumped 7.24% to currently trade at Rs 6098 on the BSE.



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Flash News 27-Mar-2023
  •  ( 9:59) IndusInd Bank appoints Vikas Muttoo as COO of BFIL  
  •  ( 15:49) Pharma shares outperform  
  •  ( 15:49) Sensex, Nifty end with limited gains  
  •  ( 14:44) Key barometers hit fresh intraday high; FMCG stocks edged higher  
  •  ( 14:26) HDFC board OKs raising Rs 57,000 cr via NCDs  
  •  ( 14:17) Mahindra Logistics, Ascendas-Firstspace to set up warehouse park in Pune  
  •  ( 13:37) Nifty above 17,000; European shares advance  
  •  ( 13:32) L&T wins large orders for power transmission & distribution business  
  •  ( 13:03) M&M acquires 7.67 crore shares of Mahindra Aerospace for Rs 31.47 crore  
  •  ( 12:57) FDC's API facility clears USFDA inspection  
  •  ( 12:35) J Kumar Infra JV bags LoA from BMC  
  •  ( 12:35) Sensex gains 344 pts, IT stocks advance  
  •  ( 12:30) Arvind SmartSpaces sells entire inventory of plotted development project in Bengaluru  
  •  ( 12:28) ISGEC Heavy Engg bags order from MAHAGENCO  
  •  ( 12:17) Paytm gets RBI extension for PA application resubmission  
  •  ( 11:39) Metal stocks edge higher  
  •  ( 11:39) Equity benchmarks pare some gains  
  •  ( 11:33) Crompton Greaves proposes merger with Butterfly Gandhimathi  
  •  ( 11:19) Manappuram Finance to consider fund raising via debt offering  
  •  ( 11:00) Dalmia Bharat arm to divest 42.36% stake in DBRL  
  •  ( 10:55) Morepen Lab Baddi facility clears USFDA inspection  
  •  ( 10:54) L&T Finance gets RBI nod for merger with its subsidiaries  
  •  ( 10:49) Rites JV bags Rs 122-cr order  
  •  ( 10:31) Deepak Fertilisers re-appoints Sailesh Mehta as chairman & MD  
  •  ( 10:19) Lupin gets USFDA nod for dyskinesia drug  
  •  ( 09:57) Grasim Inds buys 220-acre land in Gujarat for Rs 255 cr  
  •  ( 09:54) Sitharaman reviews state banks amid global financial scenario  
  •  ( 09:48) NBCC arm bags order from AIIMS for Rs 81 cr  
  •  ( 09:38) Market breadth in favor of sellers  
  •  ( 09:38) Sensex, Nifty trade sideways  
  •  ( 09:30) Zydus Life Ahmedabad facility gets three USFDA observations  
  •  ( 08:55) Sun Pharma to buy 60% stake Vivaldis Health for Rs 143 cr  
  •  ( 08:41) Asian stocks trading mixed  
  •  ( 08:29) RattanIndia's Revolt Motors opens 15 new dealerships  
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27 March 2023 00:00
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