The 16 reports from 5 analysts offering long term price targets
for Bajaj Finserv Ltd. have an average target of 7889.25. The consensus estimate
represents an upside of 32.55%
from the last price of 5951.85.
Bajaj Finserv (BFS; holding company) saw consolidated net profit in Q1FY21 rise by 43.7% to Rs. 1,215 crore, while revenue increased by 15.6% y-o-y to Rs. 14,190 crore, which were better than expectations, mainly on the back of strong earnings from its insurance subsidiaries. The lending subsidiary Bajaj Finance Ltd (BFL) reported mixed numbers for Q1FY20, with tepid business growth, but a q-o-q improvement in asset quality and a decline in moratorium share to 15.7% of AUM from 27%, was a positive. Assets under management (AUM) stood at Rs. 138,055 crore, down 6% q-o-q due to steps like more stringent loan-to-value (LTV) ratios, tightened credit filters, etc....
Valuation and Outlook: Valuation for the firm is done by SOTP on target of Rs. 3878 for BAF at 1 yearforward P/BV of 5.7x, Rs. 38 6 for BAGIC, and Rs. 175 for BALIC with consideration of holding company discount with 20% to reach Bajaj Finserv equity target price at Rs.8722 with upside potential of 37%. We rate the stock as BUY'.
Bajaj Finserv Q1 FY21, PAT jumps 44% to 1215 cr, above estimates 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. Total income of the company for the June quarter rose to Rs 14,192.01 crore, up 15.64 per cent from Rs 12,272.26 crore. 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. PAT stood at Rs. 1215.15 crore, up by 43.74%....
Strong Insurance Performance; Lending Arm Equipped to Withstand COVID-19 Shock: In Q4FY20, Bajaj FinServ reported consolidated PAT of Rs. 1.9 Bn, down 77% YoY owing to the following COVID19 related impacts
Stong Insurance Performance; Lending Arm Equipped toWithstand COVID-19 Shock: In Q4FY20, Bajaj FinServ reported consol PAT of Rs. 1.9 Bn, down 77% YoY owing to the following COVID19 related impacts, a) MTM losses on BAGIC & BALIC investments of Rs. 7.7 Bn and b) contingency provision of Rs. 9.0 Bn made by lending arm, Bajaj Finance (BAF).
Bajaj Finance's profit after tax (PAT) for Q4 FY20 stood at Rs 948 crore in Q4 March 2020, down by 19.38% from Rs 1,176 crore in Q4 March 2019. It has made a pre-tax provision of Rs 900 crore in the form of contingency provision on account of the impact of COVID-19....
In general insurance, gross written premium (GWP) accretion declined 22% YoY to | 2655 crore, primarily led by lower crop insurance business. GWP, excluding crop insurance, declined ~4% YoY to | 2414 crore. Claim ratio came lower at 62.1% vs. 75.5% in Q4FY19, largely due to lower crop claims. Accordingly, combined ratio improved to 93.8% in Q4FY20 vs 103.9% in Q4FY19. Thus, underwriting profit jumped to | 159 crore. Investment income remained healthy at | 255 crore. In Q4FY20, BAGIC recognized | 53 crore of impairment related to stressed bonds (total provision in FY20 at |...
Bajaj Finserv reported 32.3% jump in consolidated net profit to Rs 1,125.64 crore on a 30.7% surge in total income to Rs 14,560.74 crore in Q3 December 2019 over Q3 December 2018. Consolidated profit before tax soared 18.1% to Rs 2,627.16 crore in Q3 December 2019 as against Rs 2,224.02 crore in Q3 December 2018, aided by 19.18% reduction in tax expense as they fell to Rs 649.11 crore paid during this quarter as compared to Rs 803.22 crore paid in the...
Bajaj Finserv reported 32.3% jump in consolidated net profit to Rs 1,125.64 crore on a 30.7% surge in total income to Rs 14,560.74 crore in Q3 December 2019 over Q3 December 2018. Consolidated profit before tax soared 18.1% to Rs 2,627.16 crore in Q3 December 2019 as against Rs 2,224.02 crore in Q3 December 2018, aided by 19.18% reduction in tax expense as they fell to Rs 649.11 crore paid during this quarter as compared to Rs 803.22 crore paid in the...
Bajaj Finserv delivered a healthy performance in terms of topline across segments. The only hit was a higher claim in the general insurance business, which was partly offset by higher investment income. Strong business model reporting underwriting profit with <100% combined ratio & extensive retail focus, enables general insurance segment to report RoE>24%. Premium accretion in general insurance remained healthy with growth at 20% YoY to | 3055 crore, primarily led by crop insurance. Excluding crop insurance, premium growth was at 10% YoY to | 2663 crore....
group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance and retirement and savings solutions. More specifically, the areas of business are Lending and Protection and Savings. Bajaj Finserv has three key financial sector businesses: (i) lending Sector Outlook through Bajaj Finance Ltd. (BFL), (ii) general insurance, under Bajaj Allianz General Insurance Com- Stock...
We view Bajaj Finserv (BFIN) as a play on fast growing consumer finance, and the high growth potential/underpenetrated insurance business in India. Its three subsidiaries, namely the lending arm of Bajaj Finance (BAF), and the insurance subsidiaries are strong domain leaders in their...
Total revenues during the quarter jumped by 46.6 per cent to Rs 14221.86 crore, as against Rs 9698.14 crore in the year-ago period. Bajaj Finserv Limited (BFS) is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers in the financial services space by providing solutions for asset acquisition through financing, asset protection through general...
Bajaj Finserv delivered a healthy performance in terms of topline across segments. A tax rate cut has supported growth in earnings. The only hit was higher claim in general insurance offset by higher investment income. Premium accretion in general insurance remained healthy with growth at 27% YoY to | 4279 crore, primarily led by crop insurance. Excluding crop insurance, premium growth at 14% YoY to | 2550 crore. Claim ratio came higher at 75% led by claim from Maharashtra and Kerala. Accordingly, combined ratio increased to 102.7% in Q2FY20 vs. 97.2% in Q2FY19. Thus,...
Cautious sails in high winds: The sustained strong performance underscores BAFs (Bajaj Finance) ability tofind new and little-explored lending opportunities and perfectly execute its strategy.
Rs 97.48 crore in the quarter ended June 2019. Total revenues during the quarter jumped by 40 per cent to Rs 12,271.66 crore, as against Rs 8,770.67 crore in the year-ago period During this quarter, the tight liquidity conditions witnessed in the aftermath of a default by IL&FS; did not show signs of abatement and companies with stronger balance sheets were...
Strong business model reporting underwriting profit with <100% combined ratio & extensive retail focus, enables general insurance segment to report RoE>24%. Premium accretion in general insurance remained healthy with growth at 17% YoY to | 2843 crore. Claim ratio came in higher at 72.8% led by cyclone Fani (| 30 crore) which impacted eastern coast. Accordingly, combined ratio increased to 103.1% in Q1FY20 vs. 90.2% in Q1FY19. Thus, higher claims and opex led to meagre under writing profit of | 9 crore. Provision for impairment of | 176 crore (| 50 crore after tax), ~60% of...
The lending subsidiary Bajaj Finance Ltd (BFL) continued with its strong performance trend and posted strong numbers for Q4 FY19, with net interest income rising by 43.6% y-o-y to Rs. 3395 crore. Net profit jumped by 48.7% y-o-y to Rs. 1176 crore. Assets under management (AUM) grew at a healthy 41% y-o-y, driven by rural and consumer loans. Despite the scorching...
