BAJAJ FINANCE Announces Quarterly Results (3QFY19); Net Profit Up 38.2%

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BAJAJ FINANCE Announces Quarterly Results (3QFY19); Net Profit Up 38.2%
Wed, 30 Jan

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

BAJAJ FINANCE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m35,40642,55949,74716.9%40.5%
Other incomeRs m27404206-49.1%672.9%
TurnoverRs m35,43342,96449,95316.3%41.0%
ExpensesRs m11,69412,61115,32421.5%31.0%
Gross profitRs m23,71229,94834,42314.9%45.2%
DepreciationRs m26833441123.1%53.6%
InterestRs m11,70915,67317,86114.0%52.5%
Profit before taxRs m11,76214,34516,35714.0%39.1%
TaxRs m4,0945,1105,76112.7%40.7%
Profit after taxRs m7,6689,23510,59614.7%38.2%
Gross profit margin%67.070.469.2
Effective tax rate%34.835.635.2
Net profit margin%21.621.521.2
* 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 40.5% on a year-on-year (YoY) basis. The expenses were up by 31.0% YoY during the same period.
  • The company's operating profit increased by 45.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 69.2% in 3QFY19 as against 67.0% in 3QFY18.
  • Depreciation charges increased by 53.6% and finance costs increased by 52.5% YoY, respectively.
  • Other income increased by 672.9% YoY during the quarter.
  • Net profit for the quarter increased by 38.2% YoY. Net profit margins during the quarter declined from 21.6% in 3QFY18 to 21.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 16.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.5% QoQ during the same period.
  • The company's operating profit declined by 14.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 69.2% in 3QFY19 as against 70.4% in 2QFY18.
  • Net profit for the quarter increased by 14.7% QoQ, while net profit margins declined from 21.5% in 2QFY18 to 21.2% in 3QFY19.

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 1,679.8 to Rs 2,611.0, registering a Gain of Rs 931.2 or around 55.4%.

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 2,611.0, the price to earnings (P/E) ratio of BAJAJ FINANCE stands at 39.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.5 times.

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