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Bajaj Group’s non-banking financial firm Bajaj Finserv gave a wide range of guidance for five years at an analyst presentation on December 10. The NBFC eyes more than doubling its income over the next five years.
Bajaj Finserv aims to clock ₹3 lakh crore in total income by 2028-29 financial year, up from ₹1.1 lakh crore in FY24. It has set the target at ₹20,000 crore for profit after tax (PAT) for the next five years.
The firm also told investors that it wants to increase its customer franchise from 9.2 crore in the first half of FY25 to about 13 to 14 crore by FY28 and about 19 to 20 crore by FY29. It is also looking to raise cross-sell franchise from 5.77 crore in the first half of FY25 to eight to nine crore by FY28 and to 11.5-12.5 crore by FY29.
At the analysts meet, Bajaj Finserv shared that in H1FY25, its India payments gross merchandise value (GMV) from 0.27%. By FY28, it aims to hit 1.25%-1.5% in FY28 and 0.4%-0.5% by FY29.
The NBFC is also looking at increasing its retail credit share to 3.8%-4% by FY28 and 3.8%-4.2% by FY29, up from 2.67% in H1FY25. It expects to have its total credit at 2.11% in H1FY25 increase to 3%-3.25% by FY28 and 3.2%-3.5% by FY29.
The firm aims get a return on equity at 19.4% in FY28 and about 20%-22% in FY29.
Bajaj Finserv has set the target for assets under management (AUM) per cross-sell between ₹90,000-₹95,000 by FY28 and ₹80,000-₹85,000 by FY29, up from ₹64,800 in H1FY25.
Bajaj Finserv shares traded more than a percent higher at ₹1,656 on NSE at 2:40 pm.
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Bajaj Finserv aims to clock ₹3 lakh crore in total income by 2028-29 financial year, up from ₹1.1 lakh crore in FY24. It has set the target at ₹20,000 crore for profit after tax (PAT) for the next five years.
The firm also told investors that it wants to increase its customer franchise from 9.2 crore in the first half of FY25 to about 13 to 14 crore by FY28 and about 19 to 20 crore by FY29. It is also looking to raise cross-sell franchise from 5.77 crore in the first half of FY25 to eight to nine crore by FY28 and to 11.5-12.5 crore by FY29.
At the analysts meet, Bajaj Finserv shared that in H1FY25, its India payments gross merchandise value (GMV) from 0.27%. By FY28, it aims to hit 1.25%-1.5% in FY28 and 0.4%-0.5% by FY29.
The NBFC is also looking at increasing its retail credit share to 3.8%-4% by FY28 and 3.8%-4.2% by FY29, up from 2.67% in H1FY25. It expects to have its total credit at 2.11% in H1FY25 increase to 3%-3.25% by FY28 and 3.2%-3.5% by FY29.
The firm aims get a return on equity at 19.4% in FY28 and about 20%-22% in FY29.
Bajaj Finserv has set the target for assets under management (AUM) per cross-sell between ₹90,000-₹95,000 by FY28 and ₹80,000-₹85,000 by FY29, up from ₹64,800 in H1FY25.
Bajaj Finserv shares traded more than a percent higher at ₹1,656 on NSE at 2:40 pm.
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