BAJAJ FINANCE Announces Quarterly Results (1QFY20); Net Profit Up 43.0%

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BAJAJ FINANCE Announces Quarterly Results (1QFY20); Net Profit Up 43.0%
Wed, 28 Aug

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

BAJAJ FINANCE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m39,36553,07758,0139.3%47.4%
Other incomeRs m49870769.1%45.2%
TurnoverRs m39,41353,08558,0839.4%47.4%
ExpensesRs m12,51515,42817,80515.4%42.3%
Gross profitRs m26,85037,64940,2076.8%49.7%
DepreciationRs m28940863054.3%118.1%
InterestRs m13,63619,13221,13410.5%55.0%
Profit before taxRs m12,97318,11618,5142.2%42.7%
TaxRs m4,6156,3566,5623.2%42.2%
Profit after taxRs m8,35911,76111,9531.6%43.0%
Gross profit margin%68.270.969.3
Effective tax rate%35.635.135.4
Net profit margin%21.222.220.6
* 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 47.4% on a year-on-year (YoY) basis. The expenses were up by 42.3% YoY during the same period.
  • The company's operating profit increased by 49.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 69.3% in 1QFY20 as against 68.2% in 1QFY19.
  • Depreciation charges increased by 118.1% and finance costs increased by 55.0% YoY, respectively.
  • Other income increased by 45.2% YoY during the quarter.
  • Net profit for the quarter increased by 43.0% YoY. Net profit margins during the quarter declined from 21.2% in 1QFY19 to 20.6% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 15.4% QoQ during the same period.
  • The company's operating profit increased by 6.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 69.3% in 1QFY20 as against 70.9% in 4QFY19.
  • Net profit for the quarter increased by 1.6% QoQ, while net profit margins declined from 22.2% in 4QFY19 to 20.6% in 1QFY20.

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 2,934.9 to Rs 3,321.0, registering a Gain of Rs 386.1 or around 13.2%.

Overall, the S&P BSE SENSEX is down 3.1% over the year.

Current Valuations

At the current price of Rs 3,321.0, the price to earnings (P/E) ratio of BAJAJ FINANCE stands at 41.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.8 times.

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