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25 November 2017

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Bajaj Finance Ltd (Finance & Investments)

Last Price 1,790.00
Net Changes 26.35
Volume 572947
Prev Close 1,763.65
1,790.00 26.35 (1.49%)
Date: Nov 24,2017 EOD




Index Details Finance & Investments


Chart

Stock Price Details

Market Statistics

Open Price 1763.85 Div Yield (%) 0.23
Buy (Size) 0.00(×0) Eps(Rs) 37.53
Sell (Size) 0.00(×0) Book Value(Rs) 260.6127041
Buy Quantity 0 Market Cap(Rs.Cr) 102934.28
Sell Quantity 0 Face Value(Rs) 2
Today's High 1796 Market Lot 1
Today's Low 1763.85 AGM Date Jul
52-Week High 1989 Book Closure Date Jul
52-Week Low 762.3 ISIN No. INE296A01024

Share Holding Pattern

  No Of shares % Share Holding
Total Foreign (Promoter & Group) 0 0.00
Indian (Promoter & Group) 318590085 55.26
Total of Promoter 318590085 55.26
Non Promoter (Institution) 159672326 27.70
Non Promoter (Non-Institution) 96463062 16.73
Total Non Promoter 256135388 44.43
Total Promoter & Non Promoter 574725473 99.69
Custodians(Against Depository Receipts) 1791835 0.31
Grand Total 576517308 100.00

Company News

14-Nov-2017  Bajaj Finance Limited - Updates
Bajaj Finance Limited - Updates

Bajaj Finance Limited has informed the Exchange regarding 'Communication sent to shareholders for the half-year ended 30 September 2017'.
01-Nov-2017  Bajaj Finance Limited - Issue of Securities
Bajaj Finance Limited - Issue of Securities

Bajaj Finance Limited has informed the Exchange regarding Intimation of allotment of Secured Redeemable Non-Convertible Debentures on Private Placement basis
31-Oct-2017  Other announcement of Bajaj Finance Limited
Other announcement of Bajaj Finance Limited

Intimation of allotment of Secured Redeemable Non-Convertible Debentues on Private Placement basis
30-Oct-2017  Other announcement of Bajaj Finance Limited
Other announcement of Bajaj Finance Limited

Intimation of allotment of Secured Redeemable Non-Convertible Debentures on Private Placement basis
30-Oct-2017  Bajaj Finance Limited - Issue of Securities
Bajaj Finance Limited - Issue of Securities

Bajaj Finance Limited has informed the Exchange regarding intimation of allotment of Secured Redeemable Non-Convertible Debentures on Private Placement basis.
23-Oct-2017  RingsideView: Bajaj Finance
RingsideView: Bajaj Finance

Good festive season demand

Expects to spread to 2,000 cities and become among the top co-branded credit card distributors in next two-three years

Bajaj Finance conducted a conference call on 16 October 2017 to discuss the financial results for the quarter ended September 2017. CEO Rajeev Jain addressed the
call. Highlights:

Good festive season-related demand is being witnessed from semi-urban and rural areas. Loans of Bajaj Finance grew 38% to Rs 72139 crore end September 2017 over September 2016. The share of consumer lending in total loan mix was 46.9%, small and medium enterprises 33.4%, commercial 13.3% and rural 6.4% end September 2017.

Standalone net profit spurted 37% to Rs 556.90 for the quarter ended September 2017 over a year ago. Income from operations increased 32% to Rs 3086.24 crore, while other income jumped 188% to Rs 16.09 crore. Total income moved up 33% to Rs 3102.33 crore. Interest expenses rose at a slower pace of 20% to Rs 1143.78 crore. Net interest income galloped 41% to Rs 1958.55 crore.

Non-interest income of Rs 250 crore was generated in the September 2017 quarter. Cross-selling income was Rs 130-150 crore and rest was derived from penal charges and investment income. About 90% of non-interest income is core and will grow in line with the growth in the assets under management (AUM).

Operating expenses surged 48% to Rs 851.15 crore, allowing operating profit to expand 37% to Rs 1107.40 crore. Depreciation moved up 36% to Rs 24.07 crore, while loan loss provisions rose 38% to Rs 227.82 crore. Profit before tax went up 37% to Rs 855.51 crore. The effective tax rate was flat at 34.9% in from 34.9% in Q2 of the fiscal ended March 2017.

Fresh slippages in the loan-against-property segment were largely from large-ticket loans. The aim is to shift focus from large ticket loans to insulate the loan book.

There was marginal improvement in the net non-performing assets (three-month overdue) to 0.51%. The provisioning coverage ratio improved to 70% end September 2017.

Accelerated provisions of Rs 30 crore were made in Q2 to take care of the impact of demonetization and the rollout of the goods and services tax. The outstanding cumulative general provisions stood at Rs 350 crore end September 2017.

Borrowings stood at Rs 52891 crore, with the share or borrowings of banks in overall borrowings at 30%, money markets 60% and deposits 10% end September 2017. The deposit book stood at Rs 5517 crore end September 2017 at 10% of the overall borrowings book.

The customer base jumped 28% to 22.99 million end September 2017 from 18.0 million end September 2016. As many as 1.32 million new customers were acquired in Q2 of the fiscal ending March 2018 (FY 2018). The new loans booked surged 48% to 32,31,078 in Q2 of FY2018 from 21,76,798 in Q2 of FY2017.

The capital adequacy ratio (including Tier-II capital) stood at 25.42% and the Tier-I capital at 19.86% end September 2017. Nearly Rs 4500 crore was raised by issuance of equity capital through qualified institutional placement.

An agreement was entered with One Mobikwik Systems, provides a mobile phone based payment system and digital wallet, on 8 August 2017. An amount of Rs 225 crore has been invested in the equity shares and cumulative compulsorily convertible preference shares of Mobikwik.

The top 20 cities contribute 35% of the AUM. The share of the top 20 cities in the AUM is expected to decline to less than 20% in next five years. Presence was expanded to 85 new cities in H1 of FY2018. The aim is to reach 2,000 cities in the next two-three years. Major investments are expected in developing new product lines and expanding to new locations. An investment of Rs 37-40 crore was made in Q2 to build the brand.

Pressure is expected on the cost-to-income ratio from cost related to new product rollout and channel expansion.

Along with RBL Bank, 1.35 lakh co-branded credit cards were issued by end September 2017. The target is to be among the four-five largest cobranded credit card distributors in next three years and increase the co-branded credit card count to one million in the next four-six quarters. Rural lending will be focused on the affluent customer who is independent of the agriculture-cycle.

16-Oct-2017  Bajaj Finance standalone net profit rises 36.58% in the Septem...
Bajaj Finance standalone net profit rises 36.58% in the September 2017 quarter

Net profit of Bajaj Finance rose 36.58% to Rs 556.90 crore in the quarter ended September 2017 as against Rs 407.76 crore during the previous quarter ended September 2016. Sales rose 32.14% to Rs 3086.24 crore in the quarter ended September 2017 as against Rs 2335.50 crore during the previous quarter ended September 2016.

ParticularsQuarter Ended
 Sep. 2017Sep. 2016% Var.
Sales3086.242335.50 32
OPM %65.0468.28 -
PBDT879.58644.05 37
PBT855.51626.30 37
NP556.90407.76 37
16-Oct-2017  Other announcement of Bajaj Finance Limited
Other announcement of Bajaj Finance Limited

This is to inform you that, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 and subject to the provisions of the SEBI (Share Based Employee Benefits) Regulation 2014, the Compensation Committee of the Board at, its meeting held on 16 October 2017, has granted 16,350 Stock Options to the eligible employee of the Company under the Employee Stock Option Scheme 2009 at an exercise price of Rs. 1953.05 per option. Each of the stock option entitles the holder to apply for one equity share of the Company of Rs. 2 face value. The following are the main terms of the options granted: a) Vesting Period: The options would vest not earlier than 1 year and not later than 5 years from the date of grant of Options. b) Exercise Period: The Stock Options are excisable within 5 years from the respective date of vesting.
16-Oct-2017  Bajaj Finance Limited - Outcome of Board Meeting
Bajaj Finance Limited - Outcome of Board Meeting

Bajaj Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on October 16, 2017.
16-Oct-2017  Bajaj Finance Limited - Investor Presentation
Bajaj Finance Limited - Investor Presentation

Bajaj Finance Limited has informed the Exchange regarding Investor Presentation
Incorporation Year 1987 
Registered Office Mumbai-Pune Road,Akurdi,
,
Maharashtra-411035
Telephone 91-20-30405060 
Fax 91-20-30405020 / 30 
Chairman Rahul Bajaj
Managing Director Rajeev Jain
Company Secretary Anant Damle 
Auditor Dalal & Shah LLP/SRBC & Co LLP 
Face Value(Rs)
Market Lot
Listing MCX-SX,BSE,NSE 
Registrar Karvy Computershare Pvt Ltd
Karvy Selenium Tow-B,Pl-31&32 Gachibowli,Nanakramguda,Hyderabad-500032 
Toll Free number: 1800-425-5501 / 1800-103-5501
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