Bajaj Finance Ltd.

NSE: BAJFINANCE | BSE: 500034 | ISIN: INE296A01024 | Industry: Finance (including NBFCs)
| Expensive Rocket
8698.2000 -247.40 (-2.77%)
NSE Apr 01, 2025 15:57 PM
Volume: 1.2M
 

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Bajaj Finance Ltd.
19 Jul 2018
8698.20
-2.77%

Bajaj Finance

JM Financial
Bajaj Finance (BAF) reported 1QFY19 net profit of INR 8.35bn as per IndAS, up 81% YoY. As per IGAAP, net profit was up 69% YoY at INR 10.18bn. AUM growth remained strong at 35% YoY (39% YoY excluding short term IPO financing), driven by consumer, rural and commercial segments. Customer acquisition remained healthy, with the company acquiring 2.1 million new customers (up 33% YoY) in 1QFY19. Margins increased 70bps YoY to 11.6% on a 40bps YoY decline in funding costs. Asset quality trends improved, with the gross NPL ratio improving to 1.39% YoY with coverage ratio at 69%.Credit costs were down at 153bps YoY. BAF remains well-positioned to deliver sustainable profitable growth going...
Bajaj Finance Ltd. has an average target of 8747.91 from 13 brokers.
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