A strong balance sheet, paired with healthy growth, suggest Bajaj Finance is on the track to maintain its growth rates for the next two to three years. The management has revised its assets under management (AUM) growth target upwards to 29-31 per cent for financial year 2023-24 (FY24) versus 25-27 per cent earlier.
The non-banking financial company (NBFC) is looking at customer additions of 12-13 million, with a possible upwards revision in the second half of FY24, or H2FY24. The portfolio mix has remained steady, enabling the company to build scale and deliver profitability while maintaining its asset quality.
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