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.