Q4 Results 2016 - Bajaj Finance Ltd.
Courtesy : India Infoline
Bajaj Finance Ltd has announced the following results for the quarter & year ended March 31, 2016:
The Unaudited Standalone results for the Quarter ended March 31, 2016
The Company has posted a net profit of Rs. 3150.40 million for the quarter ended March 31, 2016 as compared to Rs. 2309.80 million for the quarter ended March 31, 2015. Total Income has increased from Rs. 14450.50 million for the quarter ended March 31, 2015 to Rs. 19574.50 million for the quarter ended March 31, 2016.
The Audited Standalone results for the Year ended March 31, 2016
The Company has posted a net profit of Rs. 12785.20 million for the year ended March 31, 2016 as compared to Rs. 8978.70 million for the year ended March 31, 2015. Total Income has increased from Rs. 54182.30 million for the year ended March 31, 2015 to Rs. 73834.80 million for the year ended March 31, 2016.
The Consolidated Results are as follows:
The Audited Consolidated results for the Year ended March 31, 2016
The Group has posted a net profit after taxes & minority interest of Rs. 12786.30 million for the year ended March 31, 2016 as compared to Rs. 8978.80 million for the year ended March 31, 2015. Total Income has increased from Rs. 54182.80 million for the year ended March 31, 2015 to Rs. 73836.60 million for the year ended March 31, 2016.
The NII was at Rs.1015.4 crore.Gross NPA for the quarter was at 1.23%.
Fixed Deposit book stood at Rs.2,243 crore as of 31 March 2016.
The Company has been recognized as one of “Asia’s Best Workplaces 2016” by Great Place to Work Institute. The Company has improved its position to 16th best employer in India in 2016 versus 23rd in 2015.
The Company has also once again been recognized amongst “Top 25 Employers in India, 2016” by AON Hewitt. This is third time in a row that the Company has received this recognition. Bajaj Finance Limited is one of the only 4 companies to make it to this list for a third year in a row.
The Company started to offer EMI financing to its EMI card customers on Flipkart platform.
The Company added a new category of Life Care Financing in its Lifestyle Finance business.
The Company expanded its EMI card proposition to new categories of fashion, travel and small appliances. Customer can now avail easy EMI financing on purchase of apparels, eyewear, accessories, small appliances and travel related expenditures. The Company has currently launched this business in 3 cities.
The Company launched India’s first pure flexi term loan offering for its SME customers across Business Loans, Professional Loans & Loan Against Properties businesses.