BAJAJ FINANCE Announces Quarterly Results (2QFY21); Net Profit Down 35.9%

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BAJAJ FINANCE Announces Quarterly Results (2QFY21); Net Profit Down 35.9%
Thu, 22 Oct

BAJAJ FINANCE has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

BAJAJ FINANCE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m63,21566,29764,784-2.3%2.5%
Other incomeRs m111567337.7%512.7%
TurnoverRs m63,22666,31264,852-2.2%2.6%
ExpensesRs m19,06027,58227,8821.1%46.3%
Gross profitRs m44,15538,90037,284-4.2%-15.6%
DepreciationRs m707842715-15.1%1.1%
InterestRs m23,23424,97623,581-5.6%1.5%
Profit before taxRs m20,22413,09713,055-0.3%-35.5%
TaxRs m5,1613,4743,406-2.0%-34.0%
Profit after taxRs m15,0639,6239,6490.3%-35.9%
Gross profit margin%69.858.757.6
Effective tax rate%25.526.526.1
Net profit margin%23.814.514.9
* 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 2.5% on a year-on-year (YoY) basis. The expenses were up by 46.3% YoY during the same period.
  • The company's operating profit declined by 15.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 57.6% in 2QFY21 as against 69.8% in 2QFY20.
  • Depreciation charges increased by 1.1% and finance costs increased by 1.5% YoY, respectively.
  • Other income increased by 512.7% YoY during the quarter.
  • Net profit for the quarter declined by 35.9% YoY. Net profit margins during the quarter declined from 23.8% in 2QFY20 to 14.9% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.1% QoQ during the same period.
  • The company's operating profit declined by 4.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 57.6% in 2QFY21 as against 58.7% in 1QFY20.
  • Net profit for the quarter increased by 0.3% QoQ, while net profit margins increased from 14.5% in 1QFY20 to 14.9% in 2QFY21.

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

Get Details: We are Bullish on These 3 Little-known Stocks

BAJAJ FINANCE Share Price Performance

Over the last one year, BAJAJ FINANCE share price has moved down from Rs 4,032.0 to Rs 3,170.0, registering a Loss of Rs 862.0 or around 21.4%.

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 3,170.0, the price to earnings (P/E) ratio of BAJAJ FINANCE stands at 42.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.9 times.

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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.

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