BAJAJ FINANCE Announces Quarterly Results (2QFY19); Net Profit Up 65.8%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

BAJAJ FINANCE Announces Quarterly Results (2QFY19); Net Profit Up 65.8%
Fri, 9 Nov

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

BAJAJ FINANCE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m30,86239,36542,5598.1%37.9%
Other incomeRs m16149404733.6%151.3%
TurnoverRs m31,02339,41342,9649.0%38.5%
ExpensesRs m10,79012,51512,6110.8%16.9%
Gross profitRs m20,07326,85029,94811.5%49.2%
DepreciationRs m24128933415.6%38.7%
InterestRs m11,43813,63615,67314.9%37.0%
Profit before taxRs m8,55512,97314,34510.6%67.7%
TaxRs m2,9864,6155,11010.7%71.1%
Profit after taxRs m5,5698,3599,23510.5%65.8%
Gross profit margin%65.068.270.4
Effective tax rate%34.935.635.6
Net profit margin%18.021.221.5
* 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 37.9% on a year-on-year (YoY) basis. The expenses were up by 16.9% YoY during the same period.
  • The company's operating profit increased by 49.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 70.4% in 2QFY19 as against 65.0% in 2QFY18.
  • Depreciation charges increased by 38.7% and finance costs increased by 37.0% YoY, respectively.
  • Other income increased by 151.3% YoY during the quarter.
  • Net profit for the quarter increased by 65.8% YoY. Net profit margins during the quarter increased from 18.0% in 2QFY18 to 21.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.8% QoQ during the same period.
  • The company's operating profit increased by 11.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 70.4% in 2QFY19 as against 68.2% in 1QFY18.
  • Net profit for the quarter increased by 10.5% QoQ, while net profit margins increased from 21.2% in 1QFY18 to 21.5% in 2QFY19.

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 1,755.2 to Rs 2,363.4, registering a Gain of Rs 608.2 or around 34.7%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 2,363.4, the price to earnings (P/E) ratio of BAJAJ FINANCE stands at 39.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.7 times.

Equitymaster requests your view! Post a comment on "BAJAJ FINANCE Announces Quarterly Results (2QFY19); Net Profit Up 65.8%". Click here!

  

Related Views on News

BAJAJ FINANCE Announces Quarterly Results (2QFY20); Net Profit Up 63.1% (Quarterly Result Update)

Nov 14, 2019 | Updated on Nov 14, 2019

For the quarter ended September 2019, BAJAJ FINANCE has posted a net profit of Rs 15 bn (up 63.1% YoY). Sales on the other hand came in at Rs 63 bn (up 48.5% YoY). Read on for a complete analysis of BAJAJ FINANCE's quarterly results.

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

Aug 28, 2019 | Updated on Aug 28, 2019

For the quarter ended June 2019, BAJAJ FINANCE has posted a net profit of Rs 12 bn (up 43.0% YoY). Sales on the other hand came in at Rs 58 bn (up 47.4% YoY). Read on for a complete analysis of BAJAJ FINANCE's quarterly results.

BAJAJ FINANCE 2017-18 Annual Report Analysis (Annual Result Update)

Aug 21, 2018 | Updated on Aug 21, 2018

Here's an analysis of the annual report of BAJAJ FINANCE for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of BAJAJ FINANCE. Also includes updates on the valuation of BAJAJ FINANCE.

CreditAccess Grameen IPO: Should You Apply to this Interesting Microfinance Play? (IPO)

Aug 7, 2018

Should you apply to the IPO of CreditAccess Grameen Ltd?

HDFC AMC IPO: Do Valuations Leave Enough on Table for Investors? (IPO)

Jul 20, 2018

Should you subscribe to the IPO of HDFC AMC Ltd?

More Views on News

Most Popular

Use My Secret to Increase Your Trading Profits Today

Dec 10, 2019

What to do after every trade.

How We Made 14.64% Trading Profit in Just 2 Days

Dec 12, 2019

A high probability trade that worked to perfection for my subscribers.

Blue Chips Are Passe. Get into these Stocks for Outstanding Gains in 2020(Profit Hunter)

Dec 5, 2019

This corner of the market could provide more returns than blue chips in 2020.

Make the Most of the Smallcap Rebound with These Stocks(Profit Hunter)

Dec 3, 2019

Even amid a gloomy economic scenario, there are smallcaps that have grown earnings over last one and a half year and I believe these could be the strongest candidates for a smallcap rebound.

What Is the IPO Euphoria Signaling Us About the Markets?(The 5 Minute Wrapup)

Dec 2, 2019

2019 will be remembered as the year of great money-making IPOs...

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

BAJAJ FINANCE SHARE PRICE


Dec 13, 2019 (Close)

TRACK BAJAJ FINANCE

  • Track your investment in BAJAJ FINANCE with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

BAJAJ FINANCE - COX & KINGS COMPARISON

COMPARE BAJAJ FINANCE WITH

MARKET STATS