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The shares of Bajaj Finserv (Rs 6,533 per share) and his Bajaj Finance credit and financing arm (Rs 2,648 per share) reached their highest historical record on BSE in intra-corporate trade. Daily Friday set of numbers for the quarter ended June 2018 (Q1-1919).
These two stocks were trading up 5% each, versus a 0.45% rise in the Senbad Senbad index at 10:17. In the last four months, Bajaj Finance (+ 62%) and Bajaj Finserv (+ 32%) outperformed the market by more than 30%, compared to an 11% rise in the benchmark.
A sharp rise in Bajaj Finance shares has seen the company's market capitalization (market capitalization) cross Rs 1.5 trillion today. Currently, with a market capitalization of 1.52 trillion rupees, Bajaj Finance ranks 16th in the overall market capitalization rankings; After a strong closing in FY18, Bajaj Finance started the year with fanfare with 35% growth in badets under management and 60% provisioning profit growth over one year ( YoY).
The company announced an 81% year-over-year increase in consolidated net income to Rs 8.36 billion in the June quarter, thanks to better operating expenses and an increase in commission income . The company posted a net profit of 4.61 billion rupees in the same quarter last year.
The margin calculated at 11.9% was 95bp higher year-over-year, mainly due to the growing proportion of high yield segments and Asset quality remained improved with GNPA at 1.4%. The quality of the portfolio is at its best, with the exception of segment 2 and 3 W.
"Having dominated the mbad space, Bajaj Finance is now set to become a diversified NBFC with We expect that the compound annual growth rate (CAGR) will be 29% for the FY18-20E, margins of about 11% and the average cost of credit of 130bps to generate a CAGR of 36%, "said Analysts of the Antique Stock Broking.]" Bajaj Finance released RoAs of about 3.6% during the fiscal year18, which should still be held. 39, improve to about 3.7% by the fiscal year 2014, considering the improvement of the C / I ratio and lower credit costs. After a recent dilution of Rs 45 billion, the company should witness a decline in RoEs, but with accelerated leverage, especially in housing finance, the RoE should regain their momentum within 20 years " , say badysts at Emkay Global Financial Services.The brokerage firm maintains the note "buy" on the stock with a target price of Rs 1285.
Bajaj Finserv, holding financial services companies of Bajaj Group, reported a net profit growth of 41% to Rs 8.26 billion for the quarter ended in June of the same period a year ago.
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