BAJAJ FINSERV Announces Quarterly Results (2QFY19); Net Profit Up 82.6%

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BAJAJ FINSERV Announces Quarterly Results (2QFY19); Net Profit Up 82.6%
Fri, 9 Nov

BAJAJ FINSERV has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

BAJAJ FINSERV Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m75,61087,69796,98110.6%28.3%
Other incomeRs m3133-81.2%-26.5%
TurnoverRs m75,61487,71196,98410.6%28.3%
ExpensesRs m49,56054,03962,95416.5%27.0%
Gross profitRs m22,50433,65834,0271.1%51.2%
DepreciationRs m24443052121.2%113.2%
InterestRs m11,12013,34115,40315.5%38.5%
Profit before taxRs m11,14319,90118,106-9.0%62.5%
TaxRs m4,6206,6176,198-6.3%34.2%
Profit after taxRs m6,52313,28411,908-10.4%82.6%
Gross profit margin%29.838.435.1
Effective tax rate%41.533.334.2
Net profit margin%8.615.112.3
* 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 28.3% on a year-on-year (YoY) basis. The expenses were up by 27.0% YoY during the same period.
  • The company's operating profit increased by 51.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 35.1% in 2QFY19 as against 29.8% in 2QFY18.
  • Depreciation charges increased by 113.2% and finance costs increased by 38.5% YoY, respectively.
  • Other income declined by 26.5% YoY during the quarter.
  • Net profit for the quarter increased by 82.6% YoY. Net profit margins during the quarter increased from 8.6% in 2QFY18 to 12.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.5% QoQ during the same period.
  • The company's operating profit declined by 1.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 35.1% in 2QFY19 as against 38.4% in 1QFY18.
  • Net profit for the quarter declined by 10.4% QoQ, while net profit margins declined from 15.1% in 1QFY18 to 12.3% in 2QFY19.

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 5,008.9 to Rs 5,684.1, registering a Gain of Rs 675.2 or around 13.5%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 5,684.1, the price to earnings (P/E) ratio of BAJAJ FINSERV stands at 22.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.4 times.

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