Bajaj Finance Shares Dip on Slower AUM Growth

4 Oct 2024 , 12:06 PM

A day after the non-bank credit lender revealed its Q2 business update, which showed the slowest AUM (Assets Under Management) growth in six quarters, Bajaj credit’s shares fell more than 3% in early trade on October 4.

Shares of Bajaj Finance were trading on the NSE at Rs 7,402.25 at 12:00 pm down 0.42%.

In comparison to Rs 2,90,264 crore during the same period last fiscal year, the NBFC company’s AUM increased by 29% to Rs 3,73,900 crore in the July-September quarter. Even with the rise in AUM, the NBFC company’s AUM growth rate was still the slowest it had been in six quarters.

As of the September quarter, the customer franchise climbed significantly to 9.21 crore from 7.66 crore during the base period of the previous fiscal year. The deposits book increased by 21% to Rs 66,100 crore, while the new loans booked increased by 14% to over 1 crore. However, as of Q2, net liquidity excess was Rs 20,100 crore.

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