Bajaj Finserv (BAJAJFINSV) Q4 18/19 earnings summary

Executive summary

• FY2019 consolidated total income rose 30% to ₹42,606 crore; profit for the year increased 21% to ₹3,219 crore, with strong lending growth offset by lower insurance profits.

• Standalone profit after tax increased to ₹307.17 crore from ₹141.62 crore, supported by higher investment income and other income.

Financial highlights

• Consolidated total income was ₹42,605.57 crore vs ₹32,862.66 crore; PBT ₹8,154.74 crore vs ₹6,098.71 crore; profit for the year ₹3,219.04 crore vs ₹2,650.26 crore.

• Consolidated revenue from operations rose to ₹42,604 crore from ₹32,862.37 crore; finance costs were ₹6,540.03 crore vs ₹4,531 crore and impairment on financial instruments ₹1,688.67 crore vs ₹1,034.89 crore.

• Standalone total income was ₹448.56 crore vs ₹252.26 crore; PBT ₹325.99 crore vs ₹167.21 crore; EPS ₹19.3 vs ₹8.9.

Outlook and guidance

• FY2020 may be challenging amid higher crude prices, moderation in manufacturing and auto indicators, a slowing global economy, El Niño food-price risk, and possible fiscal and inflation pressure.

• Management expressed confidence in improved performance across the three operating businesses in FY2020.