Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 361157.71 Crore) operating in NBFC sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 6854.94 Crore, up 2.95 % from last quarter Total Income of Rs 6658.47 Crore and down -5.20 % from last year same quarter Total Income of Rs 7230.83 Crore. Company reported net profit after tax of Rs 1346.64 Crore in latest quarter.
Investment Rationale
The severity of earnings impact of the COVID second wave has been much lower than the first wave. The management is well-prepared to deal with this and compensate the lost business with the start of the unlocking process. Digital initiatives have been upfronted and are likely to provide significant benefit on the cost and growth fronts. The cross-selling of products to the existing Credit segment customer base of ~39m would be a key growth driver in FY22 as well.
Promoter/FII Holdings
Promoters held 56.1 per cent stake in the company as of March 31, 2021, while FIIs held 24.2 per cent, DIIs 9.1 per cent and public and others 10.6 per cent.
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