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Bajaj Finance's Q4FY16 standalone net profit grows 36.39% yoy to Rs.315.04 crore : Misses Estimates

The company’s standalone NII stood at Rs. 1,110.98 crore, up 35.88% yoy but down 15.33% qoq.

May 24, 2016 1:35 IST | India Infoline News Service
Bajaj Finance Ltd, largest financier of consumer durables in India, reported standalone net profit of Rs.315.04 crore for the quarter ended March 31, 2016, registering growth of 36.39% yoy, but decline of 22.87% qoq. It's  Net Interest Income (NII) for the quarter stood at Rs. 1,110.98 crore, clocking growth of 35.88% yoy, but declining 15.33% qoq

For the year ended March 31, 2016, the company reported net profit of Rs. 1,278.52 crore, registering growth of 42.39% yoy. It's NII for the current period of Rs. 4,377.45 crore was up  39.7% yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Standalone Revenue 1110.98 1232 [9.82]
Standalone Net Profit 315.04 366 [13.92]

Standalone EPS for the quarter stood at Rs. 58.87.

Bloomberg estimated the company’s standalone net profit at Rs. 3,511.91 crore.

Stock Commentary:

Bajaj Finance Ltd is currently trading at Rs. 7303.8, down by 346.3 points or 4.53% from its previous closing of Rs. 7650.1 on the BSE.

The scrip opened at Rs. 7700 and has touched a high and low of Rs. 7715 and Rs. 7220 respectively. So far 86764(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 41212.76 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7852 on 16-May-2016 and a 52 week low of Rs. 4125 on 29-May-2015. Last one week high and low of the scrip stood at Rs. 7842.85 and Rs. 7520 respectively.

The promoters holding in the company stood at 57.35 % while Institutions and Non-Institutions held 24.46 % and 17.59 % respectively.

The stock is currently trading below its 50 DMA.


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