Annual Report 2016-2017 of Bajaj Finance Limited

It is a broadly described annual report of Bajaj Finance Limited in the year of 2016-17. During the financial year, The Receivables under financing activity as on 31^st March 2017 were Rs. 56,832 Crore as compared to Rs. 42,756 Crore as on 31^st March 2016, an increase of 33% over the previous year. As at the end of FY2017, BFL had a deposit book of Rs. 4,128 Crore, representing a growth of 84% over the end of FY2016. Total income during FY2017 increased to Rs. 10,003 Crore from Rs. 7,333 Crore during FY2016, an increase of 36% over the previous year. The profit before tax for FY2017 was Rs. 2,818 Crore, as against Rs. 1,965 Crore for FY2016, an increase of 43% over the previous year. The profit after tax for FY2017 was Rs. 1,837 Crore as compared to Rs. 1,279 crore for FY2016, an increase of 44% over the previous year.

The Board of Directors of the Company has proposed a dividend of Rs. 3.60 per equity share of the face value of Rs. 2/- each (@180%) for FY2017. The amount of dividend and tax thereon aggregate to Rs. 238.26 Crore.

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