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

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BAJAJ FINSERV Announces Quarterly Results (4QFY19); Net Profit Up 109.1%
Tue, 21 May

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

BAJAJ FINSERV Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m88,293111,411129,94116.6%47.2%
Other incomeRs m164-30.9%442.9%
TurnoverRs m88,294111,416129,94516.6%47.2%
ExpensesRs m59,68570,76289,10525.9%49.3%
Gross profitRs m24,32540,64940,8360.5%67.9%
DepreciationRs m29759971218.9%140.0%
InterestRs m12,16417,82018,8375.7%54.9%
Profit before taxRs m11,86522,23621,291-4.2%79.4%
TaxRs m5,0108,0326,961-13.3%38.9%
Profit after taxRs m6,85514,20314,3300.9%109.1%
Gross profit margin%27.536.531.4
Effective tax rate%42.236.132.7
Net profit margin%7.812.711.0
* 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 47.2% on a year-on-year (YoY) basis. The expenses were up by 49.3% YoY during the same period.
  • The company's operating profit increased by 67.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.4% in 4QFY19 as against 27.5% in 4QFY18.
  • Depreciation charges increased by 140.0% and finance costs increased by 54.9% YoY, respectively.
  • Other income increased by 442.9% YoY during the quarter.
  • Net profit for the quarter increased by 109.1% YoY. Net profit margins during the quarter increased from 7.8% in 4QFY18 to 11.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 16.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 25.9% QoQ during the same period.
  • The company's operating profit declined by 0.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 31.4% in 4QFY19 as against 36.5% in 3QFY18.
  • Net profit for the quarter increased by 0.9% QoQ, while net profit margins declined from 12.7% in 3QFY18 to 11.0% in 4QFY19.

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 5,716.2 to Rs 8,320.5, registering a Gain of Rs 2,604.3 or around 45.6%.

Overall, the S&P BSE SENSEX is up 14.0% over the year.

Current Valuations

At the current price of Rs 8,320.5, the price to earnings (P/E) ratio of BAJAJ FINSERV stands at 24.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.4 times.

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