Bajaj Finance Q2 consolidated net profit rises 29% to Rs 6,367 crore
Bajaj Finance expects AUM to grow 26-27% in FY27 as it accelerates customer acquisition and loan disbursements. The lender plans to book 60-62 million new loans and add 18-20 million customers during the year. Consolidated AUM grew 26% to Rs 5.85 lakh crore in the September quarter, aided by broad-based loan growth. The gold-loan portfolio more...
Key Takeaways
- Bajaj Finance expects AUM to grow 26-27% in FY27 as it accelerates customer acquisition and loan disbursements.
- The lender plans to book 60-62 million new loans and add 18-20 million customers during the year.
- Consolidated AUM grew 26% to Rs 5.85 lakh crore in the September quarter, aided by broad-based loan growth.
Bajaj Finance expects AUM to grow 26-27% in FY27 as it accelerates customer acquisition and loan disbursements. The lender plans to book 60-62 million new loans and add 18-20 million customers during the year. Consolidated AUM grew 26% to Rs 5.85 lakh crore in the September quarter, aided by broad-based loan growth. The gold-loan portfolio more than doubled to Rs 24,195 crore, although short-tenor schemes caused a transitional increase in Stage 2 assets. Management does not expect this movement to affect credit costs. Lower funding costs, improving asset quality and a strong liquidity buffer should support growth.
Original Publisher Attribution
This summary was curated from Economic Times.