Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Bajaj Finance posts highest ever quarterly consolidated profit of Rs. 836 crore

Posted On: 2018-07-19 16:41:45

A meeting of the Board of Directors of Bajaj Finance Limited (BFL) was held today to consider and approve the unaudited standalone and consolidated results for the quarter ended 30 June 2018.

Bajaj Finance Limited now conducts its mortgage business through a 100% subsidiary called Bajaj Housing Finance Limited (BHFL) which is registered with National Housing Bank as a Housing Finance Company. BHFL has become fully operational effective February 2018 with all new mortgage business now being done through it. The consolidated results of the Company include the results of BHFL.

The Company has adopted Indian Accounting Standards (lnd AS) for FY19 with lnd AS compliant comparatives for FY18. Accordingly, figures for previous year / periods have been recast and reviewed by statutory auditors as per new accounting standards.

Consolidated Performance Highlights

- New loans booked during 01 FY19 increased by 49% to 5.63 million from 3.77 million in Q1 FY18.
- Customer franchise as of 30 June 2018 increased by 30% to 28.28 million from 21.69 million as of 30 June 2017.
- Assets under Management (AUM) as of 30 June 2018 grew by 35% to Rs. 93,314 crore from Rs. 68,945 crore as of 30 June 2017. Adjusted for short term IPO financing book of Rs. 2,021 crore in AUM of 30 June 2017, the overall AUM growth was 39%.

- Total income for 01 FY19 was up by 39% to Rs. 3,941 crore from Rs. 2,834 crore in Q1 FY18.
- Loan losses and provisions for Q1 FY19 were Rs. 327 crore as against Rs. 305 crore in Q1 FY18.
- Profit after tax for Q1 FY19 grew by 81% to Rs. 836 crore from Rs. 461 crore in Q1 FY18.
- Gross NPA and Net NPA, recognized as per extant RBI prudential norms and provisioned as per Expected Credit Loss (ECL) method prescribed in lnd AS, as of 30 June 2018 stood at 1.39% and 0.44% respectively. The provisioning coverage ratio stood at 69%. Standard assets provisioning has increased to 89 bps as a result of ECL provisioning under Ind AS versus 40 bps per RBI prudential norms.

Bajaj Finance Limited - Standalone Performance Highlights

- Assets under Management (AUM) as of 30 June 2018 grew by 25% to Rs. 86,042 crore from Rs. 68,945 crore as of 30 June 2017.
- Total income for Q1 FY19 was up by 34% to Rs. 3,796 crore from Rs. 2,827 crore in Q1 FY18.
- Loan losses and provisions for Q1 FY19 were Rs. 321 crore as against Rs. 305 crore in Q1 FY18.
- Profit after tax for Q1 FY19 grew by 83% to Rs. 834 crore from Rs. 456 crore in Q1 FY18.
- Capital adequacy ratio (including Tier-II capital) as of 30 June 2018 stood at 23.04%. The Tier-1 capital stood at 17.92%.

Bajaj Housing Finance Limited - Performance Highlights

- Assets under management (AUM) stood at Rs. 7,272 crore as on 30 June 2018. BHFL added Rs. 3,683 crore of AUM in the quarter ended 30 June 2018.
- Total revenue for Q1 FY19 was Rs. 145 crore.
- Profit after tax for 01 FY19 was Rs. 2 crore
- Capital adequacy ratio (including Tier-II capital) as of 30 June 2018 stood at 28.54%

Shares of Bajaj Finance Limited was last trading in BSE at Rs.2517.6 as compared to the previous close of Rs. 2488.05. The total number of shares traded during the day was 299386 in over 14579 trades.

The stock hit an intraday high of Rs. 2535.5 and intraday low of 2360. The net turnover during the day was Rs. 737677949.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Spicejet Ltd posts loss of Rs. 38.06 crores in Q1

Finolex Cables Ltd Q1 net profit drops to Rs. 90.34 crores

Ester Industries Ltd reports robust Q1FY19 results

Ram Ratna Wires Ltd reports standalone PAT of Rs. 4.88 crores in Q1

Ferro Alloys Corporation Ltd Q1 net profit lower at Rs. 11.38 crores

IDBI Bank Ltd sinks to Q1 loss of Rs. 2409.89 crores

Kolte-Patil Developers Ltd Q1 PAT jumps to Rs. 37.96 crores

Akme Star Housing Finance Ltd Q1 net profit soars to Rs. 0.94 crore

Prime Securities Ltd posts net profit of Rs. 2.73 crores in Q1 FY18-19

Salasar Techno Engineering Ltd Q1FY19 PAT higher at Rs. 8.92 crores

Sun Pharma Q1FY19 consolidated net profit at Rs. 982.51 crores

DIL Ltd reports consolidated profit of Rs. 16.68 crores

Birla Precision Technologies Ltd reports net profit of Rs. 2.64 crore in Q1

Cantabil Retail India Ltd Q1 PAT at Rs. 1.37 crore

Mysore Petro Chemicals Ltd posts net profit of Rs. 0.53 crore in Q1

Manaksia Steels Ltd Q1 PAT at Rs. 2.72 crore

Punjab Alkalies & Chemicals Ltd reports excellent Q1FY19 results

Dr. Agarwal's Eye Hospital Ltd Q1 net profit up at Rs. 5.23 crores

Grasim Industries Ltd Q1 consolidated PAT climbs to Rs. 1399.51 crores

HDIL consolidated Q1 net profit rises to Rs. 24.69 crores

Gujarat Fluorochemicals Ltd Q1 consolidated PAT zooms to Rs. 147.14 crores

Ganesh Housing Corporation Ltd reports PAT of Rs. 9.95 crores in Q1FY19

Shankara Building Products Ltd net profit at Rs. 19.46 crores in Q1FY19

Sri Nachammai Cotton Mills Ltd Q1 net profit up at Rs. 0.43 crore

Bharat Dynamics Ltd posts net profit of Rs. 81.81 crores in Q1

Rain Industries Ltd Q2 CY18 PAT zooms to Rs. 303.77 crores

Jay Ushin Ltd Q1 net profit down at Rs. 2.02 crore

Bodal Chemicals Ltd Q1 consolidated net profit climbs to Rs. 38.43 crores

Shiva Mills Ltd Q1 net profit higher at Rs. 2.60 crore

Kamadgiri Fashion Ltd Q1 PAT slumps to Rs. 0.27 crore

James Warren Tea Ltd posts net profit of Rs. 3.09 crore in Q1FY19

Man Infraconstruction Ltd consolidated Q1 net lower at Rs. 14.76 crores

Denis Chem Lab Ltd posts PAT of Rs. 2.15 crores in Q1FY19

Cineline India Ltd Q1 net profit higher at Rs. 3.09 crores

Allahabad Bank continues to post huge loss in Q1 FY19

Hisar Spinning Mills Ltd Q1 net profit at Rs. 0.48 crore

Steel Strips Wheels Ltd Q1 PAT rises to Rs. 21.51 crores

Shiva Texyarn Ltd reports lower Q1 PAT of Rs. 1.05 crore

Danlaw Technologies India Ltd consolidated Q1 net drops to Rs. 0.31 crore

Z F Steering Gear India Ltd Q1 PAT zooms to Rs. 17.41 crores

Oceanaa Biotek Industries Ltd Q1 net profit at Rs. 1.07 crore

Lincoln Pharmaceuticals Ltd Q1 PAT surges to Rs. 16.07 crores

Rajesh Exports Ltd posts jump in Q1 PAT to Rs. 399.15 crores

Gufic Biosciences Ltd Q1 net profit at Rs. 3.93 crores

AVT Natural Products Ltd Q1 net profit slides to Rs. 4.21 crore

Bannari Amman Spinning Mills Ltd Q1 PAT slips to Rs. 5.33 crores

Black Rose Industries Ltd Q1 PAT at Rs. 2.05 crore

BCL Industries and Infrastructures Ltd Q1 net profit higher at Rs. 5.83 crores

Everest Kanto Cylinder Ltd posts net profit of Rs. 5.36 crores in Q1

Archit Organosys Ltd reports Q1 loss of Rs. 1.27 crore





Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018