Home Loans and Financial Growth Strategies
Business Update
B FINSERV
BAJAJ
The AUM of the Company grew 29% at 74,124 Cr as of 30 June 2023 as against 57,425 Cr as of 30 June 2022.
Home Loans AUM grew by 20%, Loan against property by 4%, Lease Rental Discounting by 83% and Developer
Finance by 76%.
AR as of 30 June 2023 grew by 33% at ₹ 66,334 Cr as against 50,039 Cr as of 30 June 2022.
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Disbursements were 10,383 Cr during Q1 FY24 as against ₹9,255 Cr in Q1 FY23, a growth of 12% YoY.
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The Company delivered profit after tax of 462 Cr in Q1 FY24 as against 316 Cr in Q1 FY23; a growth of 46%.
The cost of funds for the Company witnessed an upward trajectory sequentially driven by lagged passthrough
impact on term loans. Cost of funds for Q1 FY24 stood at 7.67% as against 7.48% in Q4 FY23 (Q1 FY23 COF-
6.13%). The Company continued to carry sufficient liquidity buffer during the quarter and ending at 3,191 Cr as
of 30 June 2023.
Capital adequacy remained comfortable at 22.52% as of 30 June 2023 with Tier-1 capital at 21.79%.
Borrowings mix stood at 47% : 7% : 34% : 12% between Banks: NHB: Money market: Assignment as of 30 June
2023.
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