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

India Infoline News Service | Mumbai | May 24, 2016 13:35 IST

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

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.

***Note: This is a NSE Chart



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