{"id":12514,"date":"2022-10-31T13:28:10","date_gmt":"2022-10-31T07:58:10","guid":{"rendered":"https:\/\/univest.in\/blogs\/?p=12514"},"modified":"2022-11-16T17:38:21","modified_gmt":"2022-11-16T12:08:21","slug":"bajaj-finance-posts-another-excellent-quarter-with-q2fy23-results","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/bajaj-finance-posts-another-excellent-quarter-with-q2fy23-results\/","title":{"rendered":"Bajaj Finance posts another excellent quarter with Q2FY23 results"},"content":{"rendered":"

Bajaj Finance Limited is a non-banking financial company. The corporation has a sizable presence in both urban and rural India and has a diverse lending portfolio that includes lending to retail, SMEs, and commercial customers. The company has recently announced its Q2FY23 results, where Bajaj Finance was seen making a robust comeback. The company reported a strong quarterly result in line with their expectations, where they not only managed to report a balanced AUM growth but also excellent growth across operating parameters with a strong business momentum underway. The company saw a high double-digit PAT growth backed by a 31% YoY NII increase along with improving asset quality with an ROE greater than 20%.<\/span><\/p>\n

Even on the technical charts, Bajaj Finance can be seen consolidating after a sharp up move following a steep correction in 2022. Though the stock has experienced a small correction after the post-announcement of their Q2FY23 results, brokerages remained bullish with the future prospects given its strong all round quarterly results. Therefore, let\u2019s now analyse their Q2FY23 numbers and understand their current valuation while exploring future potential upside.<\/span><\/p>\n

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