Bajaj Finserv (BAJAJFINSV) Q4 14/15 earnings summary

Executive summary

• FY2015 consolidated profit for the year rose to ₹1,689.79 crore from ₹1,544.08 crore; EPS was ₹106.2 vs ₹97.0.

• Standalone profit after tax increased to ₹125.93 crore from ₹83.51 crore, supported by higher investment income. 

• Lending and general insurance delivered strong growth; life insurance remained profitable but reported lower PAT, amid challenging financial-sector conditions. 

Financial highlights

• Consolidated total revenue was ₹7,590.38 crore vs ₹6,026.01 crore; PBT was ₹3,246.15 crore vs ₹2,901.61 crore.

• Consolidated PAT was ₹2,404.21 crore vs ₹2,191.12 crore; after minority interest, profit for the year was ₹1,689.79 crore vs ₹1,544.08 crore.

• Standalone total revenue was ₹211.66 crore vs ₹157.30 crore; PBT ₹158.10 crore vs ₹105.51 crore; EPS ₹7.9 vs ₹5.2.

• Standalone investment and other income rose to ₹161 crore from ₹97 crore, while wind-farm income declined to ₹50 crore from ₹60 crore.

Outlook and guidance

• Leadership expected better results in FY2016 and subsequent years, citing BFL’s performance, BAGIC’s strength and the need for improvement at BALIC.

• BALIC expected results from business-quality and distribution initiatives to become more visible over the next couple of years. 

• BALIC’s industry outlook pointed to potential life-sector recovery over the coming years, with regulatory flexibility and product changes expected to support renewed growth.