BAJAJ FINSERV Announces Quarterly Results (1QFY20); Net Profit Up 9.5%

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BAJAJ FINSERV Announces Quarterly Results (1QFY20); Net Profit Up 9.5%
Wed, 28 Aug

BAJAJ FINSERV has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

BAJAJ FINSERV Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m87,697129,941122,717-5.6%39.9%
Other incomeRs m134657.9%-54.9%
TurnoverRs m87,711129,945122,723-5.6%39.9%
ExpensesRs m54,03989,10578,660-11.7%45.6%
Gross profitRs m33,65840,83644,0577.9%30.9%
DepreciationRs m43071297537.0%126.9%
InterestRs m13,34118,83720,5369.0%53.9%
Profit before taxRs m19,90121,29122,5535.9%13.3%
TaxRs m6,6176,9618,01015.1%21.0%
Profit after taxRs m13,28414,33014,5431.5%9.5%
Gross profit margin%38.431.435.9
Effective tax rate%33.332.735.5
Net profit margin%15.111.011.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 39.9% on a year-on-year (YoY) basis. The expenses were up by 45.6% YoY during the same period.
  • The company's operating profit increased by 30.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 35.9% in 1QFY20 as against 38.4% in 1QFY19.
  • Depreciation charges increased by 126.9% and finance costs increased by 53.9% YoY, respectively.
  • Other income declined by 54.9% YoY during the quarter.
  • Net profit for the quarter increased by 9.5% YoY. Net profit margins during the quarter declined from 15.1% in 1QFY19 to 11.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.7% QoQ during the same period.
  • The company's operating profit increased by 7.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 35.9% in 1QFY20 as against 31.4% in 4QFY19.
  • Net profit for the quarter increased by 1.5% QoQ, while net profit margins increased from 11.0% in 4QFY19 to 11.8% in 1QFY20.

To see how BAJAJ FINSERV has performed over the last eight quarters,please visit here.

BAJAJ FINSERV Share Price Performance

Over the last one year,BAJAJ FINSERV share price has moved up from Rs 6,970.3 to Rs 7,057.7, registering a Gain of Rs 87.5 or around 1.3%.

Overall, the S&P BSE SENSEX is down 2.9% over the year.

Current Valuations

At the current price of Rs 7,057.7, the price to earnings (P/E) ratio of BAJAJ FINSERV stands at 20.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.4 times.

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