The assets under management (AUM) grew by 31% to approximately Rs 3,54,100 crore as of June 30, 2024, as compared to Rs 2,70,097 crore on June 30, 2023. AUM in Q1 FY25 grew by approximately Rs 23,500 crore.
In its quarterly update announced on Wednesday post the market hours, Bajaj Finance said the company resumed sanction and disbursal of loans under ‘eCOM’ and ‘Insta EMI Card’ and issuance of EMI cards after the RBI removed the restrictions on these businesses on May 2, 2024.
The above numbers are on a consolidated basis, the company filing said.
The net liquidity surplus stood at approximately Rs 16,200 crore as of June 30, 2024, and the company claimed that its liquidity position remains strong.The above information is provisional, the filing said. Bajaj Finance shares on Wednesday ended at Rs 7,251.80 on the BSE, up by Rs 89.25 or 1.25%.The company reported a consolidated net profit of Rs 3,824.53 crore for the quarter ended March 31, 2024, up by 21% year-on-year from Rs 3,157.79 crore reported by the NBFC in the year-ago period. Total revenue from operations for the reported quarter stood at Rs 14,926.21 crore, up 31.34% YoY over Rs 11,364.01 crore reported by the company in the corresponding period of the previous financial year.
The interest income in the January-March period stood at Rs 13,230.08 crore versus Rs 9,845.98 crore reported in the year-ago period. It was a 34% YoY jump. On a sequential basis, the interest income was up by 5.6% as against Rs 12,523.32 crore reported in Q3FY24.
For the full financial year, the profit after tax (PAT) was reported at Rs 14,451.17 crore versus Rs 11,507.69 crore in FY23 while total revenue figures stood at Rs 54,969.49 crore versus Rs 41 ,410.16 at the end of March 31, 2023.
