First Quarter Business Updates
Bajaj Finance
Customer franchise as of June 30 stood at 43 million. Acquired 0.5 million new customers during the quarter.
New loans booked during the quarter at Rs 1.7 million from 7.3 million.
Assets Under Management at Rs 1.38 lakh crore from Rs 1,28,898 crore
Capital Adequacy ratio of 26.4%.
Consolidated liquidity surplus of Rs 17,600 crore.
Deposit book at Rs 20,000 crore from Rs 15,084 crore.
AUM under moratorium has reduced to 15.5% from 27% as of April 2020.
May consider additional provisioning in Q1FY21 to further strengthen balance sheet.
Godrej Consumer
Expect close to mid-single digit, volume driven sales growth in the quarter.
Demand trends mixed for categories and geographies.
Resurgence of household insecticide category continued with strong underlying consumer demand.
Saw strong momentum in the Hygiene category.
Hair colour and air freshner demand remained muted.
Expect close to mid-single digit constant currency sales growth in Indonesia.
Expect sales decline in the early twenties in constant currency terms for the Africa business.
Performance in Latin America is expected to be steady.
Absolute sales likely to be marginally lower than the base quarter.
Bandhan Bank
Advances up 18% to Rs 71,846 crore
Deposits up 35% to Rs 57,082 crore
CASA ratio at 37.1% from 34.1%
Micro banking loan vertical has shown positive traction subsequent to Unlock 1.
Collection efficiency has improved to nearly 70% as on July 3, 2020
Collection efficiency for non-micro banking advances in June at ~84%
Liquidity Coverage Ratio at ~159%