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14 August 2020

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Bajaj Finance Ltd (Finance & Investments)

Last Price 3,331.10
Net Changes -88.55
Volume 5532004
Prev Close 3,419.65
3,331.10 -88.55 (-2.59%)
Date: Aug 14,2020 EOD




Index Details Finance & Investments


Chart

Stock Price Details

Market Statistics

Open Price 3429.95 Div Yield (%) 0.3
Buy (Size) 3,330.90(×14) Eps(Rs) 76.77
Sell (Size) 3,330.90(×41) Book Value (Stand.)(Rs) 527.95
Value 65340019500 Book Value(conso.)(Rs) 536.4891589
Buy Quantity 14 Market Cap(Rs.Cr) 200715.82
Sell Quantity 41 Face Value(Rs) 2
Today's High 3450 Market Lot 1
Today's Low 3306 AGM Date Jul
52-Week High 4923.2 Book Closure Date
52-Week Low 1783.1 ISIN No. INE296A01024

Share Holding Pattern

  No Of shares % Share Holding
Total Foreign (Promoter & Group) 0 0.00
Indian (Promoter & Group) 338169045 56.20
Total of Promoter 338169045 56.20
Non Promoter (Institution) 188670421 31.35
Non Promoter (Non-Institution) 73547668 12.22
Total Non Promoter 262218089 43.58
Total Promoter & Non Promoter 600387134 99.78
Custodians(Against Depository Receipts) 1351935 0.22
Grand Total 601739069 100.00

Company News

06-Aug-2020  Bajaj Finance Ltd soars 2.67%, rises for third straight session
Bajaj Finance Ltd soars 2.67%, rises for third straight session

Bajaj Finance Ltd rose for a third straight session today. The stock is quoting at Rs 3349.4, up 2.67% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 1.24% on the day, quoting at 11239.1. The Sensex is at 38168.51, up 1.34%. Bajaj Finance Ltd has dropped around 0.08% in last one month.

Meanwhile, Nifty Financial Services index of which Bajaj Finance Ltd is a constituent, has dropped around 3% in last one month and is currently quoting at 10685.35, up 1.62% on the day. The volume in the stock stood at 43.07 lakh shares today, compared to the daily average of 116.38 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 3348.05, up 2.47% on the day. Bajaj Finance Ltd is up 2.56% in last one year as compared to a 3.53% gain in NIFTY and a 12.52% gain in the Nifty Financial Services index.

The PE of the stock is 42.5 based on TTM earnings ending June 20.

30-Jul-2020  Bajaj Finance Ltd - Bajaj Finance Limited - Other General Purp...
Bajaj Finance Ltd - Bajaj Finance Limited - Other General Purpose

Bajaj Finance Limited Limited has informed the Exchange about Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
23-Jul-2020  Bajaj Finance Ltd - Shareholder Meeting / Postal Ballot-Scruti...
Bajaj Finance Ltd - Shareholder Meeting / Postal Ballot-Scrutinizers Report

A disclosure of voting results, on the business considered at the 33rd Annual General Meeting, in terms of Regulation 44 of the SEBI Listing Regulations, 2015 along with the Scrutinisers consolidated report on e-voting.
23-Jul-2020  Bajaj Finance Ltd - Disclosure of Voting results of AGM (Regul...
Bajaj Finance Ltd - Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations, 2015)

Bajaj Finance Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015.
23-Jul-2020  Bajaj Finance Ltd - Bajaj Finance Limited - Shareholders meeting
Bajaj Finance Ltd - Bajaj Finance Limited - Shareholders meeting

Bajaj Finance Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 21, 2020. Further, the company has informed the Exchange regarding voting results.
22-Jul-2020  Bajaj Finance Ltd - Bajaj Finance Limited - Shareholders meeting
Bajaj Finance Ltd - Bajaj Finance Limited - Shareholders meeting

Bajaj Finance Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 21, 2020
21-Jul-2020  Bajaj Finance consolidated net profit declines 19.49% in the J...
Bajaj Finance consolidated net profit declines 19.49% in the June 2020 quarter

Net profit of Bajaj Finance declined 19.49% to Rs 962.32 crore in the quarter ended June 2020 as against Rs 1195.25 crore during the previous quarter ended June 2019. Sales rose 14.93% to Rs 6634.93 crore in the quarter ended June 2020 as against Rs 5773.04 crore during the previous quarter ended June 2019.

ParticularsQuarter Ended
 Jun. 2020Jun. 2019% Var.
Sales6634.935773.04 15
OPM %58.6369.73 -
PBDT1393.911914.39 -27
PBT1309.691851.42 -29
NP962.321195.25 -19
21-Jul-2020  Bajaj Finance standalone net profit declines 22.69% in the Jun...
Bajaj Finance standalone net profit declines 22.69% in the June 2020 quarter

Net profit of Bajaj Finance declined 22.69% to Rs 869.50 crore in the quarter ended June 2020 as against Rs 1124.73 crore during the previous quarter ended June 2019. Sales rose 11.72% to Rs 5887.36 crore in the quarter ended June 2020 as against Rs 5269.58 crore during the previous quarter ended June 2019.

ParticularsQuarter Ended
 Jun. 2020Jun. 2019% Var.
Sales5887.365269.58 12
OPM %55.1168.23 -
PBDT1260.951800.51 -30
PBT1183.971744.04 -32
NP869.501124.73 -23
21-Jul-2020  Bajaj Finance Q1 PAT slips 20% to Rs 962 cr
Bajaj Finance Q1 PAT slips 20% to Rs 962 cr

Total income jumped 14.5% to Rs 6649.74 crore in Q1FY21 as against Rs 5807.76 crore in the same period last year. Profit before tax (PBT) stood at Rs 1309.69 crore in Q1FY21, falling 30% from Rs 1851.42 crore in Q1FY20. Total tax expense fell 47% year on year to Rs 347 crore in Q1 June 2020. The result was announced during market hours today, 21 July 2020.

Net interest income for Q1FY21 was up by 12% to Rs 4,152 crore from Rs 3,694 crore in Q1FY20. Total operating expenses to net interest income for Q1FY21 was 27.9% against 35% in Q1FY20.

The NBFC's business operations in Q1FY21 were considerably impacted due to COVID-19 pandemic and the consequent lockdowns which remained for most of Q1FY21. It has resulted in significantly lower business acquisition and constraints on recovery of overdues from customers.

The firm said it restarted its urban B2B, rural B2B, auto finance, gold loans and loan against securities businesses from 10 May 2020 with stringent loan to value (LTV) and underwriting norms and focus on existing customers. The company restarted its home loans and credit card distribution businesses from June 2020. It deferred restart of other businesses viz. loan against property, SME, urban B2C, rural B2C and commercial businesses to July 2020 due to extension of moratorium.

Loan losses and provisions for Q1FY21 was Rs 1,686 crore as against Rs 551 crore in Q1FY20. During the quarter, Bajaj Finance made an additional contingency provision of Rs 1,450 crore for COVID-19 taking the overall contingency provision for COVID-19 to Rs 2,350 crore as of 30 June 2020.

New loans booked during Q1FY21 declined by 76% to 1.75 million from 7.27 million in Q1FY20. Customer franchise as of 30 June 2020 increased by 16% to 42.95 million from 36.94 million as of 30 June 2019. Consolidated assets under management (AUM) as of 30 June 2020 rose 7% to Rs 138,055 crore from Rs 128,898 in 30 June 2019.

Gross NPA and Net NPA as of 30 June 2020 stood at 1.40% and 0.50% respectively, as against 1.60% and 0.64% as of 30 June 2019. The provisioning coverage ratio as of 30 June 2020 was 65%. Standard assets provisioning (ECL stage 1 and 2) stood at 273 bps including contingency provision for COVID-19 and 101 bps excluding contingency provision.

The company said it continues to remain very well capitalised with CRAR of 26.40% as at 30 June 2020. Its liquidity surplus as of 20 July 2020 was approximately Rs 20,590 crore.

Shares of Bajaj Finance were up 1.43% at Rs 3490.65.

Bajaj Finance is engaged in lending and allied activities. It focuses on consumer lending, small and medium-sized enterprises (SME) lending, commercial lending, rural lending, fixed deposits and value-added services

21-Jul-2020  Rahuj Baja to step down as Chairman of Bajaj Finance
Rahuj Baja to step down as Chairman of Bajaj Finance

Bajaj Finance announced that Rahul Bajaj, Non-Executive Chairman of the Company, having been at the helm of the Company since its inception in 1987 and the Group for over five decades, as part of succession planning, has decided to demit the office as Chairman of the Board with effect from close of business hours on 31 July 2020. He would, however, continue to serve the Company as a Non-Executive Non Independent Director.

The Board of Directors, at its meeting held today, has approved the appointment of Sanjiv Bajaj, currently the Vice Chairman of the Company, as Non-Executive Chairman of the Company with effect from 01 August 2020, in place of Rahul Bajaj.

Incorporation Year 1987 
Registered Office Mumbai-Pune Road,Akurdi,
,
Maharashtra-411035
Telephone 91-20-30405060 / 71576403 
Fax 91-20-30405020 / 30 / 71576364 
Chairman Rahul Bajaj
Managing Director Rajeev Jain
Company Secretary Vijay R 
Auditor S R B C & Co LLP/Shyamprasad D Limaye 
Face Value(Rs)
Market Lot
Listing BSE,MSEI,NSE 
Registrar KFin Techologies Pvt Ltd
Karvy Selenium Tow-B,31&32 Financial Dist,Nanakramguda,Hyderabad-500032 
Toll Free number: 1800-425-5501 / 1800-103-5501
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