Bajaj Finance Ltd's Q4FY19 consolidated net profit increased 57.3% yoy to Rs1,176cr : Beats Estimates

The company’s consolidated total income stood at Rs5,308.47cr, up 52% yoy

May 16, 2019 09:05 IST India Infoline Research Team

Bajaj Finance Ltd Q4FY19

Consolidated Results Q4FY19: (Rs. in cr)

Q4FY19 YoY (%)
Revenue 5,308.47 52.0
Net Profit (adjusted) 1,176.06 57.3

Bajaj Finance Ltd's Q4FY19 consolidated NII has come at Rs3,395cr, which has improved by 50% yoy. Its consolidated net profit for Q4FY19 beat consensus estimates by 2%, which came at Rs1,176cr against Rs748cr, which is up by 57% yoy. Its GNPA has decreased by 1bps qoq to 1.54% and NNPA has increased by 1bps qoq to 0.63% respectively.

  • Loan losses and provisions for the quarter came in at Rs 409cr as against Rs454cr qoq
  • Provision coverage ratio for the quarter came at 60%, which is flat qoq
  • Asset under management increased by 31% yoy to Rs1.16 lakh cr

Technical View:

Bajaj Finance Ltd is currently trading at Rs. 3,062.70, up by 60.15 points or 2% from its previous closing of Rs. 3,002.55 on the BSE.
The scrip opened at Rs. 3,006.50 and has touched a high and low of Rs. 3,130 and Rs. 3,006.50 respectively. So far 29,58,002 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

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