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BAJAJ CORP Announces Quarterly Results (3QFY19); Net Profit Up 8.9%

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BAJAJ CORP Announces Quarterly Results (3QFY19); Net Profit Up 8.9%
Fri, 11 Jan

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

BAJAJ CORP Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,0812,1272,2967.9%10.3%
Other incomeRs m4571743.5%64.7%
TurnoverRs m2,1252,1982,3697.8%11.5%
ExpensesRs m1,4021,5211,5854.2%13.1%
Gross profitRs m67860671017.3%4.7%
DepreciationRs m1916174.8%-9.4%
InterestRs m321-61.8%-69.1%
Profit before taxRs m70165876616.4%9.2%
TaxRs m15014216516.4%10.2%
Profit after taxRs m55251760116.3%8.9%
Gross profit margin%32.628.530.9
Effective tax rate%21.421.521.5
Net profit margin%26.023.525.4
* 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 10.3% on a year-on-year (YoY) basis. The expenses were up by 13.1% YoY during the same period.
  • The company's operating profit increased by 4.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.9% in 3QFY19 as against 32.6% in 3QFY18.
  • Depreciation charges declined by 9.4% and finance costs declined by 69.1% YoY, respectively.
  • Other income increased by 64.7% YoY during the quarter.
  • Net profit for the quarter increased by 8.9% YoY. Net profit margins during the quarter declined from 26.0% in 3QFY18 to 25.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.2% QoQ during the same period.
  • The company's operating profit increased by 17.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.9% in 3QFY19 as against 28.5% in 2QFY18.
  • Net profit for the quarter increased by 16.3% QoQ, while net profit margins increased from 23.5% in 2QFY18 to 25.4% in 3QFY19.

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

BAJAJ CORP Share Price Performance

Over the last one year, BAJAJ CORP share price has moved up from Rs 509.2 to Rs 383.4, registering a Loss of Rs 125.8 or around 24.7%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,947.6 (up 0.4%). Over the last one year it has moved up from 10,872.3 to 11,947.6, a gain of 1,075 points (up 9.9%).

Overall, the S&P BSE SENSEX is up 5.1% over the year.

Current Valuations

At the current price of Rs 383.4, the price to earnings (P/E) ratio of BAJAJ CORP stands at 25.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.5 times.

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