Annual Report 2015-2016 of Bajaj Finance Limited

It is a broadly described annual report of Bajaj Finance Limited in the year of 2015-16. During the financial year, The Receivables under financing activity were Rs. 42,756 Crore as compared to Rs. 31,199 Crore as on 31^st March 2015, an increase of 37% over the previous year. As at end of FY2016, BFL had a fixed deposit base of Rs. 2,243 Crore (a growth of 128%), compared to Rs. 983 Crore in FY2015, which contributed to 6% of the total borrowings. Total income during FY2016 increased to Rs. 7,384 Crore from Rs. 5,418 Crore during FY2015, an increase of 36% over the previous year. The Profit before Tax for FY2016 of the Company was Rs. 1,964.68 Crore as against Rs. 1,356.95 Crore for FY2015. The Profit after tax for FY2016 of the Company was Rs. 529,939 as against Rs. 78,920 for FY2015 and of BFinsec was Rs. 566,846 as against Rs. 154,642 for FY2015.

The Board of Directors of the Company has recommended a final dividend of Rs. 7/- per equity share of the face value of Rs. 10/- (@70%) for FY2016. The amount of final dividend and tax thereon aggregate to Rs. 45.39 Crore.

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