Bajaj Finance vaults after announcing stellar Q2 results

Bajaj Finance rose 5.36% to Rs 5,282 at 14:48 IST on BSE after net profit rose 41.71% to Rs 279.39 crore on 36.94% rise in total income to Rs 1700.57 crore in Q2 September 2015 over Q2 September 2014.

The result was announced during market hours today, 20 October 2015.

Meanwhile, the BSE Sensex was down 84.67 points, or 0.31%, to 27,280.25

On BSE, so far 23,648 shares were traded in the counter, compared with an average volume of 5,418 shares in the past one quarter.

The stock hit a high of Rs 5,325 and low of Rs 5,032.80 so far during the day. The stock had hit a record high of Rs 5,717.70 on 5 August 2015. The stock had hit a 52-week low of Rs 2,539.95 on 20 October 2014.

The stock had underperformed the market over the past one month till 19 October 2015, rising 0.81% compared with Sensex's 4.37% rise. The scrip, however, outperformed the market in past one quarter, falling 3.32% as against Sensex's 3.86% fall.

The large-cap non banking financial company has equity capital of Rs 53.63 crore. Face value per share is Rs 10.

Bajaj Finance's gross non-performing assets (NPA) and net NPA stood at 1.67% and 0.46% respectively as of 30 September 2015. The company continues to provide for loan losses in excess of RBI requirements, Bajaj Finance said. Loan losses and provisions rose 71% to Rs 137 crore in Q2 September 2015 over Q2 September 2014.

Bajaj Finance's assets under management (AUM) rose 36% to Rs 37964 crore in Q2 September 2015 over Q2 September 2014. Net interest income rose 44% to Rs 1006 crore in Q2 September 2015 over Q2 September 2014.

Bajaj Finance's capital adequacy ratio (including Tier-II capital) stood at 20.49%.

Bajaj Finance is a diversified non-banking financial company.

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