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View Claim Ledger →Bajaj Finance Ltd — Q1 FY24
Bajaj Finance delivered an excellent Q1 FY24 with PAT of INR 3,437 crore (up 32% YoY) and AUM growth of 32% to INR 2.7 lakh crore, the highest ever quarterly addition of INR 22,718 crore.
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Bajaj Finance delivered an excellent Q1 FY24 with PAT of INR 3,437 crore (up 32% YoY) and AUM growth of 32% to INR 2.7 lakh crore, the highest ever quarterly addition of INR 22,718 crore. The company booked 9.94 million loans and added 3.84 million new customers, with customer franchise reaching 73 million. Asset quality remained pristine with GNPA at 87 bps and NNPA at 31 bps. Management raised long-term ROE guidance to 21-23% from 19-21%. Key driver was strong demand across segments, especially B2B and consumer durables. Guidance: AUM growth of 29-31% for FY24, credit cost of 155-165 bps, and NIM compression of 10-15 bps in Q2 and Q3. Risk: rising consumer leverage in the system, particularly in personal loans, which management is proactively monitoring and tightening filters on rural B2C.
बजाज फाइनेंस ने पहली तिमाही में शानदार प्रदर्शन किया। कंपनी का मुनाफा 3,437 करोड़ रुपये रहा, जो पिछले साल से 32% ज्यादा है। कुल कर्ज (AUM) 32% बढ़कर 2.7 लाख करोड़ रुपये हो गया - अब तक का सबसे बड़ा तिमाही इजाफा। कंपनी ने 99.4 लाख कर्ज दिए और 38.4 लाख नए ग्राहक जोड़े, कुल ग्राहक 7.3 करोड़ पहुंच गए। कर्ज वसूली मजबूत रही - बुरे कर्ज (GNPA) सिर्फ 0.87% और बहुत बुरे कर्ज (NNPA) 0.31% रहे। प्रबंधन ने लंबी अवधि के मुनाफे का अनुमान 19-21% से बढ़ाकर 21-23% कर दिया। मुख्य वजह: कारोबारी और उपभोक्ता सामान कर्ज की मजबूत मांग। अनुमान: सालाना कर्ज वृद्धि 29-31%, कर्ज खर्च 1.55-1.65%, और ब्याज मार्जिन में अगली दो तिमाहियों में 0.10-0.15% की कमी। जोखिम: लोगों पर बढ़ता कर्ज का बोझ, खासकर पर्सनल लोन में - कंपनी इसे सतर्कता से देख रही है और गांवों में छोटे कर्ज पर पाबंदी बढ़ा रही है।
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Rising consumer leverage in personal loans
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Read Transcript →Quarter Snapshot
New loans booked
9.94 million
+34% YoY
Highest ever quarterly loan bookings, approaching 10 million milestone.
Customer franchise
73 million
+21% YoY
Total customer franchise grew, with cross-sell franchise at 44.3 million.
AUM per customer
INR 61,000
flat YoY
Average AUM per customer remained stable, indicating quality growth.
Attrition rate (annualized)
13.8%
-70 bps YoY
Employee attrition improved from 14.5% in Q1 FY23, reflecting better retention.
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Guidance and risk preview
Management raised full-year AUM growth guidance from 27-29% to 29-31%, driven by strong Q1 momentum.
Management flagged increasing leverage in the system, especially in personal loans, and is taking preemptive actions to tighten underwriting.
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