On BSE, Bajaj Finance shares tumbled 8% to Rs 6,032.25 in Thursday’s intra-day trades since consumer finance stated Assets Under Management (AUM) grew by 27 % (YoY), was lower than market potentials to Rs 2.30 trillion as of December 31, 2022.

Quarterly basis, AUM grew 6%. AUM in Q3FY23 grew by almost Rs 12,500 crore. AUM growth proposed that disbursements were robust across product sectors, said Motilal Oswal Financial Services.

Bajaj Finance attained 3.1 million fresh customers (v/s 2.6 million earned in Q2FY23). The new customer attainment run-rate was vigorous in Q3FY23. Total customer permits stood at 66 million, up 19% YoY.

New loans during the quarter observed the highest growth at 7.8 million vs 7.4 million in Q3FY22. The customer contract amplified by 3.1 million in Q3FY23 to 66 million vs 55 million in Q3FY22. The company’s liquidity remains sturdy, with a net leftover of Rs 12,750 crore.

Bajaj Finance viewed clothed growth on the business front, though new customer totals remain durable, ICICI Securities said.

With today’s decline, Bajaj Finance has underachieved in the market. In the past three months, the stock has glided nearly 205, as likened to a 4.4% rise in the S&P BSE Sensex. Further, in the past year, it has declined to 195, against a 0.67% gain in the standard index.

At 9:27 am, Bajaj Finance dealt a 5% lower at Rs 6,230, compared to a 0.13% rise in the S&P BSE Sensex. Shares of Bajaj Finserv were witnessed down 3% at Rs 1,503 after drumming a low of Rs 1,498.50 in intra-day trades on the BSE.