Shares of Bajaj Finance rallied 4% on 4 January after the company announced its quarterly report for October-December.

In its regulatory filing, the company reported a massive increase in loan booking by 26% year-on-year to 98.6 lakh loans during the quarter against 78.4 lakh loans it booked during the same quarter last year.

The asset under management of the company experienced a 35% YoY growth to Rs 3,11,000 crore during the quarter under review.

As of 31 December, the company has reached a total customer base of 8.41 crore, against 6.6 crore customers the company had reported in December 2022.

Moreover, the bank’s liquidity position remained strong by the end of the quarter at Rs 11,600 crore. The total deposits during the quarter stood at Rs 58,000 crore, marking a 35% YoY increase from the same quarter last year.

The net revenue increased by 34% YoY to Rs 13,378 crore during Q3 against Rs 9,970 crore reported in Q3FY23; against the previous quarter, the net revenue grew by 7% quarter-on-quarter from Rs 12,498 crore.

The net profit during the quarter stood at Rs 3,551 crore, marking a 27% YoY increase from Rs 2,781 crore reported in the same quarter last year.

As of 31 December, the promoters of the company hold a 56% stake in the company, FIIs (foreign institutional investors) own 20% and DIIs (domestic institutional investors) own 13% stake, whereas the general public owns an 11% stake in the company.

At 3:05 pm, the shares of Bajaj Finance were trading 4.39% higher at Rs 7,709.15 on NSE.