Bajaj Finance share surged 3.32% to Rs 5,850 after the NBFC reported a 60.9% increase in new loans booked to 74 lakh in Q1 FY23, compared to 46 lakh in Q1 FY22.

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Customer franchise increased by 19.4% YoY to 6.03 crore as of June 30, 2022, from 5.05 crore as of June 30, 2021. The NBFC reported the highest-ever quarterly gain in customer franchise of 27 lakh in Q1 FY23.

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Core assets under management (AuM) were around Rs 2,04,000 crore as of 30 June 2022, up 31% from Rs 1,56,115 crore as of 30 June 2021.

The increase of core AUM in Q1 FY23 was roughly Rs 11,900 crore. As of June 3, 2022, the consolidated liquidity surplus was roughly Rs 11,550 crore.

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According to the company, its liquidity situation is still strong. The company said that it is adequately funded, with a capital adequacy ratio (CRAR) of about 26.2% as of 30 June 2022.

Bajaj Finance’s deposit book was roughly Rs 34,100 crore as of 30 June 2022, up from Rs 27,972 crore as of 30 June 2021, a 22% increase year on year.

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An entirely owned subsidiary of the company, Bajaj Housing Finance, received Rs. 2,500 crore investment from the company during the quarter.

The diverse NBFC’s consolidated net profit increased by 80% to Rs 2,419.51 crore in Q4 FY22 over Q4 FY21, on a 25.90% growth in total income to Rs 8,630.28 crore.

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Bajaj Finance is involved in lending and other related businesses. Consumer loans, small and medium-sized company (SME) financing, commercial lending, rural lending, fixed deposits, and value-added services are its primary areas of concentration.