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

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BAJAJ FINANCE Announces Quarterly Results (2QFY20); Net Profit Up 63.1%
Thu, 14 Nov

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

BAJAJ FINANCE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m42,55958,01363,2159.0%48.5%
Other incomeRs m4047011-84.4%-97.3%
TurnoverRs m42,96458,08363,2268.9%47.2%
ExpensesRs m12,61117,80519,0607.0%51.1%
Gross profitRs m29,94840,20744,1559.8%47.4%
DepreciationRs m33463070712.3%111.9%
InterestRs m15,67321,13423,2349.9%48.2%
Profit before taxRs m14,34518,51420,2249.2%41.0%
TaxRs m5,1106,5625,161-21.3%1.0%
Profit after taxRs m9,23511,95315,06326.0%63.1%
Gross profit margin%70.469.369.8
Effective tax rate%35.635.425.5
Net profit margin%21.520.623.8
* 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 48.5% on a year-on-year (YoY) basis. The expenses were up by 51.1% YoY during the same period.
  • The company's operating profit increased by 47.4% YoY during the quarter. Consequently, operating profit margins remained same and stood at 69.8% in 2QFY20.
  • Depreciation charges increased by 111.9% and finance costs increased by 48.2% YoY, respectively.
  • Other income declined by 97.3% YoY during the quarter.
  • Net profit for the quarter increased by 63.1% YoY. Net profit margins during the quarter increased from 21.5% in 2QFY19 to 23.8% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.0% QoQ during the same period.
  • The company's operating profit increased by 9.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 69.8% in 2QFY20 as against 69.3% in 1QFY19.
  • Net profit for the quarter increased by 26.0% QoQ, while net profit margins increased from 20.6% in 1QFY19 to 23.8% in 2QFY20.

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

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BAJAJ FINANCE Share Price Performance

Over the last one year,BAJAJ FINANCE share price has moved up from Rs 2,292.7 to Rs 4,215.2, registering a Gain of Rs 1,922.5 or around 83.9%.

Overall, the S&P BSE SENSEX is up 14.5% over the year.

Current Valuations

At the current price of Rs 4,215.2, the price to earnings (P/E) ratio of BAJAJ FINANCE stands at 46.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 13.7 times.

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