BAJAJ FINSERV Announces Quarterly Results (2QFY21); Net Profit Down 20.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Markets will remain closed on 21st April, 2021 on account of Ram Navami.

BAJAJ FINSERV Announces Quarterly Results (2QFY21); Net Profit Down 20.0%
Thu, 26 Nov

BAJAJ FINSERV has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

BAJAJ FINSERV Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m142,21990,880150,49665.6%5.8%
Other incomeRs m242020-0.5%-14.8%
TurnoverRs m142,24290,900150,51665.6%5.8%
ExpensesRs m91,68091,031104,40714.7%13.9%
Gross profitRs m50,53950,86946,089-9.4%-8.8%
DepreciationRs m1,1601,2541,140-9.1%-1.7%
InterestRs m23,13223,95223,402-2.3%1.2%
Profit before taxRs m26,27025,68321,567-16.0%-17.9%
TaxRs m6,0516,4595,383-16.6%-11.0%
Profit after taxRs m20,21919,22516,184-15.8%-20.0%
Gross profit margin%35.556.030.6
Effective tax rate%23.025.125.0
Net profit margin%14.221.110.8
* 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 5.8% on a year-on-year (YoY) basis. The expenses were up by 13.9% YoY during the same period.
  • The company's operating profit declined by 8.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.6% in 2QFY21 as against 35.5% in 2QFY20.
  • Depreciation charges declined by 1.7% and finance costs increased by 1.2% YoY, respectively.
  • Other income declined by 14.8% YoY during the quarter.
  • Net profit for the quarter declined by 20.0% YoY. Net profit margins during the quarter declined from 14.2% in 2QFY20 to 10.8% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 65.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 14.7% QoQ during the same period.
  • The company's operating profit declined by 9.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.6% in 2QFY21 as against 56.0% in 1QFY20.
  • Net profit for the quarter declined by 15.8% QoQ, while net profit margins declined from 21.1% in 1QFY20 to 10.8% in 2QFY21.

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

LIVE on April 23rd: Has Covid impacted India's long-term growth potential?

BAJAJ FINSERV Share Price Performance

Over the last one year, BAJAJ FINSERV share price has moved down from Rs 9,118.4 to Rs 8,706.8, registering a Loss of Rs 411.6 or around 4.5%.

Overall, the S&P BSE SENSEX is up 7.0% over the year.

Current Valuations

At the current price of Rs 8,706.8, 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 6.7 times.

Equitymaster requests your view! Post a comment on "BAJAJ FINSERV Announces Quarterly Results (2QFY21); Net Profit Down 20.0%". Click here!

  

Related Views on News

Indian Railway Finance Corporation IPO: Should You Apply? (IPO)

Jan 18, 2021

Monopolistic railway financer with impeccable asset quality.

CAMS IPO: Should You Apply? (IPO)

Sep 18, 2020

Does the company having 70% market share of the mutual fund registrar business have sound prospects?

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

Aug 28, 2019 | Updated on Aug 28, 2019

For the quarter ended June 2019, BAJAJ FINSERV has posted a net profit of Rs 15 bn (up 9.5% YoY). Sales on the other hand came in at Rs 123 bn (up 39.9% YoY). Read on for a complete analysis of BAJAJ FINSERV's quarterly results.

BAJAJ FINSERV Announces Quarterly Results (4QFY19); Net Profit Up 109.1% (Quarterly Result Update)

May 21, 2019 | Updated on May 21, 2019

For the quarter ended March 2019, BAJAJ FINSERV has posted a net profit of Rs 14 bn (up 109.1% YoY). Sales on the other hand came in at Rs 130 bn (up 47.2% YoY). Read on for a complete analysis of BAJAJ FINSERV's quarterly results.

More Views on News

Most Popular

India: Recovery Stalled by Vaccine Games?(The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

A Stock with 700% Return Potential Comes with Additional Payoffs(Profit Hunter)

Apr 15, 2021

Narayana Murthy was one of the first unicorn founders to get the backing of this entity...

11x Bankruptcy to Bluechip Stock: A Rare India Revival Story(Profit Hunter)

Apr 16, 2021

There is no stopping this 11-bagger stock from significant upside.

Top 3 Nifty ETFs to Buy Now(Fast Profits Daily)

Apr 20, 2021

In this video I tell you the three Nifty ETFs I think are the best.

Why Did the Market Crash on Monday?(Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

BAJAJ FINSERV SHARE PRICE


Apr 20, 2021 (Close)

TRACK BAJAJ FINSERV

  • Track your investment in BAJAJ FINSERV with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

BAJAJ FINSERV 8-QTR ANALYSIS

COMPARE BAJAJ FINSERV WITH

MARKET STATS