BAJAJ FINANCE = RESULTS = FOR Q3 FY 2012 = Q/E DEC,2011 = NET SALES UP 54.22%YoY; NET PROFITS UP 57% YoY = EXCELLENT PERFORMANCE

Bajaj Finance Limited

NSE Symbol        BAJFINANCE

BAJAJ FINANCE has declared excellent results for the q3 fy 2012 ending Dec,2011.

Net Sales stands at Rs.554.72 cr in Q3 FY 12 – compared to Rs.451.34 cr (Up 

by 22.91%) in previous Qtr of Q2 FY 12; and Rs.359.69 cr (Up by 54.22%) in corresponding Qtr of Q3 FY 11

Total Expenditure stands at Rs.218.88 cr in Q3 Fy 12; compared to Rs.197.10 (Up by 11.05%) in Q2 FY 12; and Rs.169.80 cr (Up by 28.9%) in Q3 FY 11.

Profit from Operations stands at Rs.383.89 cr in Q3 FY 12; compared to Rs.294.58 cr (Up by 30.32%) in Q2 FY 12; and Rs.217.32 cr (Up by 76.65%) in Q3 FY 11.

Interest Expense stands at Rs.207.21 cr in Q3 FY 12; compared to Rs.167.32 cr (Up by 23.84%) in Q2 FY 12, the previous Qtr ; and Rs.103.56 cr (Up by 100.09%) in Q3 FY 11, the  corresponding qtr.

Profit  before tax stands at Rs.177.47 Cr  in Q3 FY12 – compared to Rs.128.88 cr (Up by 37.7%) in Q2 FY 12; and Rs.115.03 cr (Up by 54.28%) in Q3 FY 11.

Tax expense stands at Rs.57.48 cr in Q3 FY 12; compared to Rs.41.51 cr (Up by 38.47%) in Q2 FY 12; and Rs.38.64 cr (Up by 48.76%) in Q3 FY 11.

Net Profit stands at Rs.119.99 cr in Q3 FY 12; compared to Rs.87.37 cr (Up by 37.34%) in Q2 FY 12; and Rs.76.39 cr(Up by 57.08%) in Q3 FY 11.

On a Face Value of Rs.10, the Basic EPS stands at Rs.32.76 in Q3 FY 12; Rs.23.85 in Q2 FY 12; Rs.24.75 in Q1 FY 12 and Rs.20.87in Q3 FY 11.

Annual EPS for FY 12 will be around Rs,114,12.

Current Market Price is Rs.672.50, while the 52 week high price is Rs.780 and the 52 week low price  is Rs.536.

On this Basis, the PE Ratio comes to 5.89.

NET NPA stands at 0.25%

Return on Avg Assets : 1.25% (not annualized)

Return on Avg Equity : 7.5% (Not annualized)

Provisioning Coverage Ratio : 77%

Capital Adequacy Ratio =14.7(EXCLUDING CURRENT YEAR PROFITS) & 17.3 (INCLUDING CURRENT YEAR PROFITS)

Customers acquired during Q3 FY 12 39% more to 6,84,238 in Q3 FY 12 from 4,91,386 in Q3 FY 11.

Deployments during Q3 FY 12 more than 68% to Rs.4,649 Cr in Q3 FY 12 from Rs.2,774 Cr in Q3 FY 11.

Loan losses and provisons for Q3 FY 12 20% lower at Rs.36 Cr form 45 Cr in Q3 FY 11.

RESULTS TABLE

BAJAJ FIN 31-Dec-11 30-Sep-11 %DIF1 31-Dec-10 %DIF2 Net Sales 55472 45134 22.91 35969 54.22 Other Oprtng Income 4805 4034 19.11 2743 75.17 Employees Cost 5000 4714 6.07 3538 41.32 Depreciation 398 340 17.06 313 27.16 Other Expenditure 16490 14656 12.51 13129 25.6 Total Expenditure 21888 19710 11.05 16980 28.9 Profit from Operations 38389 29458 30.32 21732 76.65 Other Income 79 162 -51.23 127 -37.8 Interest 20721 16732 23.84 10356 100.09 Profit  before tax 17747 12888 37.7 11503 54.28 Tax expense 5748 4151 38.47 3864 48.76 Net Profit 11999 8737 37.34 7639 57.08 Face Value (In Rs 10 10 0 10 0 Paid Up Equity 3663 3663 0 3663 0 Basic EPS 32.76 23.85 37.36 20.87 56.97 Diluted EPS 32.62 21.39 52.5 20.87 56.3 Public holding (%) 43.93 43.93 0 0
*  *  *  E  N  D   *  *  *