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- BAJAJ FINSERV Announces Quarterly Results (2QFY21); Net Profit Down 20.0%
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 Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 142,219 | 90,880 | 150,496 | 65.6% | 5.8% |
| Other income | Rs m | 24 | 20 | 20 | -0.5% | -14.8% |
| Turnover | Rs m | 142,242 | 90,900 | 150,516 | 65.6% | 5.8% |
| Expenses | Rs m | 91,680 | 91,031 | 104,407 | 14.7% | 13.9% |
| Gross profit | Rs m | 50,539 | 50,869 | 46,089 | -9.4% | -8.8% |
| Depreciation | Rs m | 1,160 | 1,254 | 1,140 | -9.1% | -1.7% |
| Interest | Rs m | 23,132 | 23,952 | 23,402 | -2.3% | 1.2% |
| Profit before tax | Rs m | 26,270 | 25,683 | 21,567 | -16.0% | -17.9% |
| Tax | Rs m | 6,051 | 6,459 | 5,383 | -16.6% | -11.0% |
| Profit after tax | Rs m | 20,219 | 19,225 | 16,184 | -15.8% | -20.0% |
| Gross profit margin | % | 35.5 | 56.0 | 30.6 | ||
| Effective tax rate | % | 23.0 | 25.1 | 25.0 | ||
| Net profit margin | % | 14.2 | 21.1 | 10.8 |
Interim results exclude extraordinary / exceptional items
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.
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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.
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BAJAJ FINSERV Announces Quarterly Results (1QFY20); Net Profit Up 9.5% (Quarterly Result Update)
Aug 28, 2019 | Updated on Aug 28, 2019For 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, 2019For 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.
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