Bajaj Finance Ltd.

NSE: BAJFINANCE | BSE: 500034 | ISIN: INE296A01024 | Industry: Finance (including NBFCs)
| Momentum Trap

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Bajaj Finance Ltd.
04 Feb 2020
9371.50
4.90%
Geojit BNP Paribas
Asset under management (AUM) grew 35.0% YoY to Rs. 145,092cr, largely driven by Mortgages business (+43.9% YoY; ~30% of total AUM). Loan loss provision stood at Rs. 831cr (+85.6% YoY), while adjusted loan losses and provision rose 65% YoY to 746cr, adjusted for accelerated provision of Rs. 85cr in one of loan against securities. Profit before tax grew 36.9% YoY, while Net Profit surged 61.0% YoY largely attributable to lower tax rate. Existing customers contributed to 68% of new loans booked vs. 70% in...
Bajaj Finance Ltd. is trading above all available SMAs
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