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BAJAJ FINSERV Announces Quarterly Results (3QFY19); Net Profit Up 89.7%

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BAJAJ FINSERV Announces Quarterly Results (3QFY19); Net Profit Up 89.7%
Wed, 30 Jan

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

BAJAJ FINSERV Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m76,65496,981111,41114.9%45.3%
Other incomeRs m136120.0%400.0%
TurnoverRs m76,65596,984111,41614.9%45.3%
ExpensesRs m47,07062,95470,76212.4%50.3%
Gross profitRs m25,03534,02740,64919.5%62.4%
DepreciationRs m27152159915.0%120.8%
InterestRs m11,67815,40317,82015.7%52.6%
Profit before taxRs m13,08718,10622,23622.8%69.9%
TaxRs m5,6016,1988,03229.6%43.4%
Profit after taxRs m7,48611,90814,20319.3%89.7%
Gross profit margin%32.735.136.5
Effective tax rate%42.834.236.1
Net profit margin%9.812.312.7
* 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 45.3% on a year-on-year (YoY) basis. The expenses were up by 50.3% YoY during the same period.
  • The company's operating profit increased by 62.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.5% in 3QFY19 as against 32.7% in 3QFY18.
  • Depreciation charges increased by 120.8% and finance costs increased by 52.6% YoY, respectively.
  • Other income increased by 400.0% YoY during the quarter.
  • Net profit for the quarter increased by 89.7% YoY. Net profit margins during the quarter increased from 9.8% in 3QFY18 to 12.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 14.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.4% QoQ during the same period.
  • The company's operating profit increased by 19.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.5% in 3QFY19 as against 35.1% in 2QFY18.
  • Net profit for the quarter increased by 19.3% QoQ, while net profit margins increased from 12.3% in 2QFY18 to 12.7% in 3QFY19.

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 4,882.7 to Rs 6,305.2, registering a Gain of Rs 1,422.6 or around 29.1%.

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 6,305.2, the price to earnings (P/E) ratio of BAJAJ FINSERV stands at 21.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.8 times.

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