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13 August 2020

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Bajaj Finserv Ltd (Finance & Investments)

Last Price 6,357.20
Net Changes -83.15
Volume 385422
Prev Close 6,440.35
6,357.20 -83.15 (-1.29%)
Date: Aug 12,2020 EOD




Index Details Finance & Investments


Chart

Stock Price Details

Market Statistics

Open Price 6400 Div Yield (%) 0.08
Buy (Size) 6,359.30(×11) Eps(Rs) 41.94
Sell (Size) 6,370.00(×7) Book Value (Stand.)(Rs) 222.16
Value 94784547 Book Value(conso.)(Rs) 1966.9336235
Buy Quantity 11 Market Cap(Rs.Cr) 101200.18
Sell Quantity 7 Face Value(Rs) 5
Today's High 6400 Market Lot 1
Today's Low 6311.3 AGM Date Jul
52-Week High 10297 Book Closure Date
52-Week Low 3985.6 ISIN No. INE918I01018

Share Holding Pattern

  No Of shares % Share Holding
Total Foreign (Promoter & Group) 0 0.00
Indian (Promoter & Group) 96757348 60.80
Total of Promoter 96757348 60.80
Non Promoter (Institution) 22798610 14.33
Non Promoter (Non-Institution) 39281782 24.68
Total Non Promoter 62080392 39.01
Total Promoter & Non Promoter 158837740 99.81
Custodians(Against Depository Receipts) 299550 0.19
Grand Total 159137290 100.00

Company News

07-Aug-2020  Bajaj Finserv Ltd - Bajaj Finserv Limited - Analysts/Instituti...
Bajaj Finserv Ltd - Bajaj Finserv Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Bajaj Finserv Limited has informed the Exchange about Analysts/Institutional Investor Meet/Con. Call Updates Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III thereto, please find enclosed the schedule of the analyst(s)/institutional investor(s) meetings held on August 5, 2020 and August 6, 2020 where senior management / management personnel of the company attended them over video conferencing. This is for your information please.
06-Aug-2020  Bajaj Finserv Ltd soars 1.77%
Bajaj Finserv Ltd soars 1.77%

Bajaj Finserv Ltd is up for a third straight session in a row. The stock is quoting at Rs 6352.55, up 1.77% 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 Finserv Ltd has dropped around 3.6% in last one month.

Meanwhile, Nifty Financial Services index of which Bajaj Finserv 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 3.49 lakh shares today, compared to the daily average of 10.34 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 6379.95, up 1.65% on the day. Bajaj Finserv Ltd is down 11.18% in last one year as compared to a 3.53% spurt in NIFTY and a 12.52% spurt in the Nifty Financial Services index.

The PE of the stock is 148.83 based on TTM earnings ending June 20.

22-Jul-2020  Bajaj Finserv advances after good Q1 performance
Bajaj Finserv advances after good Q1 performance

Profit before tax (PBT) stood at Rs 2,568.08 crore in Q1 FY21, up by 13.9% from Rs 2,255.24 crore in Q1 FY20. Total tax expense fell 19.37% YoY to Rs 645.86 crore during the quarter.

Bajaj Finserv (BFS) is the holding company for the various financial services businesses under the Bajaj group. BFS holds 52.82% stake in Bajaj Finance and 74% stake in Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company.

The spread of the COVID-19 pandemic resulted in a sudden and steep fall in the value of shares traded on the stock exchanges in Q4 FY20. As on 30 June 2020, the Nifty 50 index and BSE 200 index have recovered 20% from 31 March 2020 level. Under Ind AS, the insurance subsidiaries have chosen to hold equity securities as fair value through profit and loss account and therefore, the insurance companies had an unrealised mark-to-market (MTM) pre-tax gain of Rs 556 crore in Q1 FY21, while in Q4 FY20, there was a MTM loss of Rs 768 crore.

Additionally, Bajaj Finance made a pre-tax provision of Rs 1,450 crore in the form of contingency provision during Q1 FY21, on account of the impact of COVID-19. The same is over and above the provision considered of Rs 900 crore in FY20 and other usual and necessary provisions for NPAs.

The MTM adjustments of the insurance businesses and the contingency provision of BFL, together considered as unusual items, after adjusting for tax and the company's interest in those subsidiaries have negatively impacted consolidated profit after tax of BFS for Q1 FY21 by Rs 244 crore.

Bajaj Finance's profit after tax (PAT) stood at Rs 962 crore in Q1 June 2020, down by 19% from Rs 1,195 crore in Q1 June 2020. It reported significantly lower disbursements in the current quarter as well as constraints on recovery of dues from the customers due to the lockdown restrictions and moratoriums announced by the Reserve Bank of India. The company remains one of the most adequately capitalised amongst large NBFCs in India with a healthy liquidity position.

Bajaj Allianz General Insurance Company's net profit surged 88% to Rs 395 crore in Q1 FY21 from Rs 210 crore in Q1 FY20. While its gross written premium was lower due to decline in sales of vehicles, travel insurance and tenders for government health business, its underwriting result improved significantly.

Bajaj Alianz Life Insurance Company's shareholders' profit after tax soared 110% to Rs 130 crore in the June quarter from Rs 62 crore reported in the same period last year. The life insurance business maintained its topline in terms of individual rated new business premium at the same level as the previous year as compared to industry's de-growth of 18%.

'Faced with COVID-19 and the subsequent lockdowns, the company and its subsidiaries took immediate steps to handle this extreme situation. The company and its subsidiaries are navigating through this challenge, with focus on profitability over growth. They are conserving cash, borrowing long-term, strengthening collections and reducing overheads. As a result, the operating companies have strong solvency, well above the required capital,' BFS said in a statement.

22-Jul-2020  Bajaj Finserv Ltd - Bajaj Finserv Limited - Outcome of Board M...
Bajaj Finserv Ltd - Bajaj Finserv Limited - Outcome of Board Meeting

Bajaj Finserv Limited has informed the Exchange regarding Board meeting held on July 21, 2020.
21-Jul-2020  Bajaj Finserv consolidated net profit rises 43.75% in the June...
Bajaj Finserv consolidated net profit rises 43.75% in the June 2020 quarter

Net profit of Bajaj Finserv rose 43.75% to Rs 1215.15 crore in the quarter ended June 2020 as against Rs 845.34 crore during the previous quarter ended June 2019. Sales rose 15.63% to Rs 14189.99 crore in the quarter ended June 2020 as against Rs 12271.66 crore during the previous quarter ended June 2019.

ParticularsQuarter Ended
 Jun. 2020Jun. 2019% Var.
Sales14189.9912271.66 16
OPM %35.8535.90 -
PBDT2693.462352.72 14
PBT2568.082255.24 14
NP1215.15845.34 44
21-Jul-2020  Bajaj Finserv Q1 PAT jumps 44% to 1215 cr
Bajaj Finserv Q1 PAT jumps 44% to 1215 cr

Profit before tax (PBT) stood at Rs 2,568.08 crore in Q1 FY21, up by 13.9% from Rs 2,255.24 crore in Q1 FY20. Total tax expense fell 19.37% YoY to Rs 645.86 crore during the quarter.

Bajaj Finserv (BFS) is the holding company for the various financial services businesses under the Bajaj group. BFS holds 52.82% stake in Bajaj Finance and 74% stake in Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company.

The spread of the COVID-19 pandemic resulted in a sudden and steep fall in the value of shares traded on the stock exchanges in Q4 FY20. As on 30 June 2020, the Nifty 50 index and BSE 200 index have recovered 20% from 31 March 2020 level. Under Ind AS, the insurance subsidiaries have chosen to hold equity securities as fair value through profit and loss account and therefore, the insurance companies had an unrealised mark-to-market (MTM) pre-tax gain of Rs 556 crore in Q1 FY21, while in Q4 FY20, there was a MTM loss of Rs 768 crore.

Additionally, Bajaj Finance made a pre-tax provision of Rs 1,450 crore in the form of contingency provision during Q1 FY21, on account of the impact of COVID-19. The same is over and above the provision considered of Rs 900 crore in FY20 and other usual and necessary provisions for NPAs.

The MTM adjustments of the insurance businesses and the contingency provision of BFL, together considered as unusual items, after adjusting for tax and the company's interest in those subsidiaries have negatively impacted consolidated profit after tax of BFS for Q1 FY21 by Rs 244 crore.

Bajaj Finance's profit after tax (PAT) stood at Rs 962 crore in Q1 June 2020, down by 19% from Rs 1,195 crore in Q1 June 2020. It reported significantly lower disbursements in the current quarter as well as constraints on recovery of dues from the customers due to the lockdown restrictions and moratoriums announced by the Reserve Bank of India. The company remains one of the most adequately capitalised amongst large NBFCs in India with a healthy liquidity position.

Bajaj Allianz General Insurance Company's net profit surged 88% to Rs 395 crore in Q1 FY21 from Rs 210 crore in Q1 FY20. While its gross written premium was lower due to decline in sales of vehicles, travel insurance and tenders for government health business, its underwriting result improved significantly.

Bajaj Alianz Life Insurance Company's shareholders' profit after tax soared 110% to Rs 130 crore in the June quarter from Rs 62 crore reported in the same period last year. The life insurance business maintained its topline in terms of individual rated new business premium at the same level as the previous year as compared to industry's de-growth of 18%.

'Faced with COVID-19 and the subsequent lockdowns, the company and its subsidiaries took immediate steps to handle this extreme situation. The company and its subsidiaries are navigating through this challenge, with focus on profitability over growth. They are conserving cash, borrowing long-term, strengthening collections and reducing overheads. As a result, the operating companies have strong solvency, well above the required capital,' BFS said in a statement.

Shares of Bajaj Finserv fell 3.58% to Rs 6,381.40 on Thursday. The stock hit a high of Rs 6343.60 and a low of Rs 6709.30 in intraday trade.

21-Jul-2020  Bajaj Finserv Ltd - Intimation Of Unaudited Standalone And Con...
Bajaj Finserv Ltd - Intimation Of Unaudited Standalone And Consolidated Financial Results For The First Quarter Ended 30 June 2020 Along With The Limited Review Reports And Press Release. The Meeting Commenced At 3.30 P.M. And Concluded At 4.10 P.M.

Intimation of unaudited standalone and consolidated financial results for the first quarter ended 30 June 2020 along with the limited review reports and press release. The meeting commenced at 3.30 p.m. and concluded at 4.10 p.m.
21-Jul-2020  Bajaj Finserv Ltd - Intimation Of Unaudited Standalone And Con...
Bajaj Finserv Ltd - Intimation Of Unaudited Standalone And Consolidated Financial Results For The First Quarter Ended 30 June 2020 Along With The Limited Review Reports And Press Release. The Meeting Commenced At 3.30 P.M. And Concluded At 4.10 P.M.

Intimation of unaudited standalone and consolidated financial results for the first quarter ended 30 June 2020 along with the limited review reports and press release. The meeting commenced at 3.30 p.m. and concluded at 4.10 p.m.
21-Jul-2020  Bajaj Finserv Ltd - Announcement under Regulation 30 (LODR)-In...
Bajaj Finserv Ltd - Announcement under Regulation 30 (LODR)-Investor Presentation

Further to our letter dated 9 July 2020, please find enclosed Investor Presentation for the financial results of the first quarter ended 30 June 2020 under Regulation 30 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III thereto. The aforesaid Investor Presentation includes additional relevant disclosures of material impact of COVID-19 on the Company and its material subsidiaries as required under the SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/84 dated 20 May 2020. This is for your information please.
21-Jul-2020  Bajaj Finserv Ltd - Shareholder Meeting / Postal Ballot-Outcom...
Bajaj Finserv Ltd - Shareholder Meeting / Postal Ballot-Outcome of AGM

Disclosure of events pursuant to Regulation 30(2)- Schedule III-Part A(13) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 Summary of proceedings of the 13th Annual General Meeting (AGM) held on 21 July 2020 The meeting commenced at 4.15 p.m. and concluded at 5.23 p.m.
Incorporation Year 2007 
Registered Office Bajaj Auto Ltd Complex,Mumbai-Pune Road Akurdi,
Pune,
Maharashtra-411035
Telephone 91-20-6610 7458 
Fax 91-20-2747 7380 
Chairman Sanjiv Bajaj
Managing Director Sanjiv Bajaj
Company Secretary Sonal R Tiwari 
Auditor SRBC & Co LLP 
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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