Shares of Bajaj Finance Ltd. are trading higher by 0.6% after it released its quarterly update for Q2FY20.
The details are as under:
1. Customer franchise as of September 30, 2019 stood at approximately 38.7mn as compared to 30.1mn as of September 30, 2018. During the quarter, the company acquired 1.9mn new customers.
2. New loans booked during Q2FY20 was 6.5mn as compared to 5.3mn in Q2FY19.
3. Assets under management (AUM) stood at approximately Rs135,500cr as of September 30, 2019 as compared to Rs98,013cr as of September 30, 2018.
4. During the quarter, the Company has entered into facility agreement with various banks to avail ECB loans of $575mn in one or more tranches. The Company has not yet drawn any amount from these facilities.
The above information is provisional and subject to a limited review by the statutory auditors of the Company.
Bajaj Finance Ltd is currently trading at Rs3,923.10 up by Rs20.25 or 0.52% from its previous closing of Rs3,902.85 on the BSE.
The scrip opened at Rs3,890 and has touched a high and low of Rs3,957.75 and Rs3,820.80 respectively. So far 10,14,164 (NSE+BSE) shares were traded on the counter.
The current market cap of the company is Rs2,26,324.01cr.
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