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BAJAJ FINANCE Announces Quarterly Results (1QFY19); Net Profit Up 38.8%

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BAJAJ FINANCE Announces Quarterly Results (1QFY19); Net Profit Up 38.8%
Wed, 25 Jul

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

BAJAJ FINANCE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m31,50535,34839,36511.4%24.9%
Other incomeRs m14022549-78.4%-65.5%
TurnoverRs m31,64535,57239,41310.8%24.5%
ExpensesRs m11,39312,36712,5151.2%9.8%
Gross profitRs m20,11222,98126,85016.8%33.5%
DepreciationRs m219293289-1.3%31.9%
InterestRs m10,78011,92113,63614.4%26.5%
Profit before taxRs m9,25410,99212,97318.0%40.2%
TaxRs m3,2343,7834,61522.0%42.7%
Profit after taxRs m6,0207,2108,35915.9%38.8%
Gross profit margin%63.865.068.2
Effective tax rate%34.934.435.6
Net profit margin%19.020.321.2
* 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 24.9% on a year-on-year (YoY) basis. The expenses were up by 9.8% YoY during the same period.
  • The company's operating profit increased by 33.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 68.2% in 1QFY19 as against 63.8% in 1QFY18.
  • Depreciation charges and finance costs increased by 31.9% YoY and 26.5% YoY, respectively.
  • Other income declined by 65.5% YoY during the quarter.
  • Net profit for the quarter increased by 38.8% YoY. Net profit margins during the quarter increased from 19.0% in 1QFY18 to 21.2% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.2% QoQ during the same period.
  • The company's operating profit increased by 16.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 68.2% in 1QFY19 as against 65.0% in 4QFY18.
  • Net profit for the quarter increased by 15.9% QoQ, while net profit margins increased from 20.3% in 4QFY18 to 21.2% in 1QFY19.

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

BAJAJ FINANCE Share Price Performance

Over the last one year, BAJAJ FINANCE share price has moved up from Rs 1,623.5 to Rs 2,724.1, registering a Gain of Rs 1,100.6 or around 67.8%.

Overall, the S&P BSE SENSEX is up 0.1% over the year.

Current Valuations

At the current price of Rs 2,724.1, the price to earnings (P/E) ratio of BAJAJ FINANCE stands at 50.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.9 times.

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For the quarter ended December 2018, BAJAJ FINANCE has posted a net profit of Rs 11 bn (up 38.2% YoY). Sales on the other hand came in at Rs 50 bn (up 40.5% YoY). Read on for a complete analysis of BAJAJ FINANCE's quarterly results.

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