Bajaj Finance Limited
NSE Symbol BAJFINANCE
BAJAJ FINANCE LTD has declared its results for the first Qtr of FY 2012 (ending June 2011).
Net Sales has increased to Rs.416.35 cr - up by 17.51% from previous qtr of Q4 FY 11 and up by a good 54.13% from the corresponding Qtr of Q1 FY 11.
Total Expenditure has also increased slightly to Rs.174.74 cr – up by 2.64% from Q4 FY 11; and up by 13.93% from Q1 FY 11.
Profit from Operations has therefore increased smartly to Rs.274.93 cr – up by 25.53% from Q4 FY 11 and by 93.26% from Q1 FY 11.
Profit before tax has similarly increased to Rs.134.63 cr – up by 27.06% from Q4 FY11 and by 90.64% from Q1 FY 11.
Net Profit has increased to Rs.90.81 cr – up by 27.87% from Q4 FY 11 and up by 94.12% from Q1 FY 11.
On a face value of Rs.10, the Basic EPS has risen smartly to Rs.24.79 from the previous Qtr (Q4 FY11)EPS of Rs.19.4 and corresponding qtr (Q1 FY 11) EPS of Rs.12.78.
Current MP is Rs.686. The annualized EPS will be Rs.24.79 x 4 = Rs.99.16 9without assuming further improvement from current level). On this Basis, the PE Ratio comes to 6.92.
The company is raising Fresh capital now – from QIP etc – as can be seen from Announcements section. This is usually Good for Finance companies with good loan Portfolio -like Bajaj Finance.
QTRLY RESULTS TABLE :
| BAJAJ FIN | Q1FY12 | Q4FY11 | Q1FY11 |
| Net Sales | 41635 | 35432 | 27013 |
| Other Optg Income | 3332 | 3493 | 2551 |
| Employees Cost | 4431 | 4304 | 3287 |
| Depreciation | 275 | 372 | 207 |
| Other Expenditure | 12768 | 12348 | 11844 |
| Total Expenditure | 17474 | 17024 | 15338 |
| Profit from Operations | 27493 | 21901 | 14226 |
| Other Income | 208 | 531 | 110 |
| Interest | 14238 | 11836 | 7274 |
| Profit before tax | 13463 | 10596 | 7062 |
| Tax expense | 4382 | 3494 | 2384 |
| Net Profit | 9081 | 7102 | 4678 |
| Face Value (In Rs | 10 | 10 | 10 |
| Paid Up Equity | 3663 | 3663 | 3660 |
| Basic EPS | 24.79 | 19.4 | 12.78 |
| Public Holding (%) | 43.93 | 43.93 | 49.48 |
ANNOUNCEMENTS TO NSE
09-06-2011 Bajaj Finance Limited decided, subject to the approval of the Shareholders at Annual General Meeting to be held on July 13, 2011, to raise additional capital, in terms of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 by : (1) Issue of upto 75,00,000 Equity Shares under Qualified Institutions Placement to Qualified Institutional Buyers, and (2) Issue of upto 75,00,000 Warrants on a preferential basis to the Promoter, Bajaj Finserv Limited entitling the warrant-holder to apply for equivalent number of fully paid equity shares of the Company.
17-05-2011 Bajaj Finance Limited has recommended a Dividend of Rs. 10 per share (100%) for the year 2010-11.
17-05-2011 "Bajaj Finance reports quarterly profit of Rs.71 Crores - A growth of 184% over corresponding quarter of previous year".
18-01-2011 "Bajaj Finance reports its highest ever quarterly profit of Rs.76.4 Crores - A growth of 181% over corresponding quarter of previous year".
18-10-2010 Bajaj Finance Limited has informed the Exchange regarding a press release dated October 18, 2010, titled "BFL reports PAT growth of 143% to Rs.52.8 Crores in Q2 over corresponding quarter of previous year".
23-09-2010 the name of Bajaj Auto Finance Limited shall be changed to Bajaj Finance Limited and the trading symbol of the Company be changed from BAJAUTOFIN to BAJFINANCE w.e.f. September 29, 2010.
16-09-2010 "Bajaj Finserv Limited, the Promoter & Holding Company of Bajaj Finance Limited (erstwhile Bajaj Auto Finance Limited) has purchased 23,826 equity shares of Rs. 10/- each on September 14, 2010 and 416 equity shares of Rs. 10/- each on September 15, 2010 of Bajaj Finance Ltd. from the open market. The aggregate shareholding of the promoters, inclusive of 1,000 equity shares held by Bajaj Auto Ltd. Employee Welfare Funds which are now treated as part of the promoter group of Bajaj Finance Ltd., now constitutes 55% of the paid-up equity share capital of Bajaj Finance Ltd".
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