Bajaj Finserv Q4 Result Update
Net profit for March quarter stood at Rs 194.4 crore. It was down significantly by 77% compared to Rs 838.7 crore in the year-ago period due to contingency provisions for COVID-19. But it was supported by lower tax cost (down 64% YoY).
The Insurance company had an unrealized mark-to-market (MTM) pre-tax loss of Rs 768 crore in the consolidated financials. Additionally, Bajaj Finance made a pre-tax provision off Rs 900 crore in the form of contingency provision on account of the impact of COVID-19.
The company said the profit ex-COVID impact stood at Rs 1,001 crore, increased by 19.4% compared to Rs 838.7 crore in the same period last year.
Consolidated revenue from operations grew by 2.3% year-on-year to Rs 13,295 crore in the.
Impact of result on Bajaj Finserv Stock
Company has reported a number on a weaker note
Hurdle around 5130, breaks, and sustain above 5130 will see upside movement till 5680 +++ levels in the coming days.
Support around 4300, breaks below 4300 will take it to 4170 levels in the coming days.
Colpal Q4 Result Update
Revenue from operations during the quarter fell 7.1 percent to Rs 1,071 crore compared to same period last year with volume decline at 8 percent.
EBITDA dropped 16.6 percent year-on-year to Rs 262.87 crore in the quarter ended March 2020, while margin contracted 278 basis points to 24.54 percent in Q4.
Colgate reported a 5.3 percent growth in profit at Rs 816.47 crore on revenue of Rs 4,525.09 that grew by 1.4 percent compared to the previous year.
Impact of result on Colpal stock
The company has reported a good set of numbers.
Hurdle around 1450, breaks, and sustain above 1450 will see upside movement till 1600 +++ levels in the coming days.
Support around 1280, breaks below 1280 will take it to 1160 levels in the coming days.