Bajaj Fin in green zone
Yesterday evening, after market hours, Bajaj Finance gave a heads-up on the forthcoming Q1FY21 consolidated performance.
The company said:
I. Customer franchise as of 30 June 2020 stood at 43.0 MM v/s 36.9 MM (YoY). During the quarter, it acquired 0.5 MM new customers.
2. New loans booked during QI FY2 I was 1.7 MM v/s 7.3 MM in QI FY20.
3. Assets under management (AUM) stood at approximately Rs.1,38,000 crore v/s 1,28,898 crore.
4. The company continues to remain well capitalized with capital adequacy ratio (CRAR) of approximately 26.4% as of 30 June 2020.
5. Consolidated liquidity surplus was approximately Rs.17 ,600 crore as of 30 June 2020 and reiterated that its liquidity remains strong.
6. Deposit book stood at approximately Rs.20,000 crore v/s Rs.15,084 crore.
7. AUM under mortarium has reduced from 27% as of 30 April 2020 to approximately 15.5% as of 30 June 2020.
8. Lastly, the company may consider additional accelerated provisioning for COVID-19 in QIFY2I as well to further strengthen its balance sheet.
The company is hold its virtual AGM on 21st July and Q1FY21 earnings will be declared on 11th July.
The stock had ended 6% higher yesterday at Rs.3109.05 an today, it opened higher at Rs.3140, rising to an intraday high at Rs. 3241.90; it has come off this days high and is now trading at Rs.3200 levels, up over 3%.