This NBFC Company Trades 6% Away From Its 52-W High After Q3Fy22 Business Update

NBFC major Bajaj Finance in an exchange filing dated January 4, 2021 provided the following details with respect to the quarter ended December 31, 2021:

1. Customer franchise as of 31 December 2021 stood at 55.4 MM as compared to 46.3 MM as of 31 December 2020. The Company's customer franchise increased by 2.6 MM in Q3 FY22 as compared to 2.2 MM in Q3 FY21.

This NBFC Company Trades 6% Away From Its 52-W High After Q3Fy22 Business Update

2. New loans booked during Q3 FY22 were 7.4 MM as compared to 6.0 MM in Q3 FY21.

3. Assets under management (AUM) stood at approximately ₹181,300 crore as of 31December 2021 as compared to ₹143,550 crore as of 31 December 2020. AUM in Q3 FY22, adjusted for IPO financing receivable grew by approximately ₹14,500 crore.

4. Consolidated liquidity surplus stood at approximately ₹ 14,300 crore as of 31 December 2021. The Company's liquidity position remains strong.

5. The Company continues to remain well capitalized with capital adequacy ratio (CRAR) of approximately 27.0% as of 31 December 2021.

6. The Company's deposit book stood at approximately ₹ 30,000 crore as of 31 December 2021 as compared to ₹ 23,777 crore as of 31 December 2020. Deposit book in Q3 FY22 grew by approximately ₹1,250 crore.

7. The Company has not witnessed any adverse impact on its NPA position due to transition to new method of NPA recognition as clarified by the RBI vide circular dated 12 November 2021 - "Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances - Clarifications".

Stock of Bajaj Finance was last up by over 3 percent at Rs. 7627.15 per share, while at day's high it hit a price of Rs. 7638. The stock is indeed just 6 percent away from its 52 week high price of Rs. 8050.

The company's group company Bajaj Finserv also rallied 5 percent to day's high price of Rs. 17985.

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