External broker reports(aggregated public sources), Axis Direct

Axis Direct

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External broker reports(aggregated public sources)

Bajaj Finance: Mixed Q1, However Growth Trajectory Remains Intact

Bajaj Finance (BAF): Mixed Q2 But Growth Remains Robust

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Operational Performance: BAF added 4.5 Mn customers (+16/38% YoY/QoQ) during the quarter vs 3.8/3.2 Mn customer YoY/QoQ, taking the total customer base to 88.1 Mn customers (+21/5% YoY/QoQ).</li><li>The company booked ~11 Mn loans during the quarter (+10/39% YoY/QoQ), though it was partially impacted by restrictions on 2 lending products (RBI ban lifted on 02 May’24).</li><li>AUM growth was strong at 31/7% YoY/QoQ, with growth healthy across segments.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Operational Performance: BAF added 4.5 Mn customers (+16/38% YoY/QoQ) during the quarter vs 3.8/3.2 Mn customer YoY/QoQ, taking the total customer base to 88.1 Mn customers (+21/5% YoY/QoQ).The company booked ~11 Mn loans during the quarter (+10/39% YoY/QoQ), though it was partially impacted by restrictions on 2 lending products (RBI ban lifted on 02 May’24).AUM growth was strong at 31/7% YoY/QoQ, with growth healthy across segments.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bajaj Finance Ltd. - Mixed-Bag Performance, Performance Normalisation From H2FY25!