BAJAJ HOLDINGS & INVESTMENT Announces Quarterly Results (4QFY21); Net Profit Up 135.5%

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BAJAJ HOLDINGS & INVESTMENT Announces Quarterly Results (4QFY21); Net Profit Up 135.5%
Thu, 8 Jul

BAJAJ HOLDINGS & INVESTMENT has announced its results for the quarter ended March 2021. Here is a detailed performance review of the same:

BAJAJ HOLDINGS & INVESTMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-20*
3
Dec-20*
3
Mar-21*
QoQ ChangeYoY Change
Operating incomeRs m1,1031,003925-7.8%-16.1%
Other incomeRs m8213319949.4%143.5%
Total revenuesRs m1,1851,1371,124-1.1%-5.1%
InterestRs m48990.0%-80.4%
Gross Profit Rs m969910831-8.7%-14.3%
Other expensesRs m40126834428.4%-14.3%
Profit before taxRs m650775686-11.5%5.6%
TaxRs m1,69123931632.2%-81.3%
Profit after taxRs m-1,041536370-31.0%
Gross profit margin %87.990.789.9
Effective tax rate%260.230.846.1
Net profit margin%-94.453.440.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter fell 16.1% on a year-on-year (YoY) basis. The interest expended was down by 80.4% YoY during the same period.
  • The bank's operating profit declined by 14.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 89.9% in 4QFY21 as against 87.9% in 4QFY20.
  • Other income increased by 143.5% YoY during the quarter.
  • Net profit for the quarter increased by 135.5% YoY. Net profit margins during the quarter increased from -94.4% in 4QFY20 to 40.0% in 4QFY21.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 7.8% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 0.0% QoQ during the same period.
  • The bank's operating profit declined by 8.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 89.9% in 4QFY21 as against 90.7% in 3QFY20.
  • Net profit for the quarter declined by 31.0% QoQ, while net profit margins declined from 53.4% in 3QFY20 to 40.0% in 4QFY21.

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

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BAJAJ HOLDINGS & INVESTMENT Share Price Performance

Over the last one year, BAJAJ HOLDINGS & INVESTMENT share price has moved up from Rs 2,799.9 to Rs 3,775.0, registering a Gain of Rs 975.1 or around 34.8%.

Overall, the S&P BSE SENSEX is up 44.0% over the year.

Current Valuations

At the current price of Rs 3,775.0, the price to earnings (P/E) ratio of BAJAJ HOLDINGS & INVESTMENT stands at 201.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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