Bajaj Finance Limited has seen a significant rise in profits, both before and after taxes, this year. Before taxes, the profit earned stands 42% more than 2015, taking their earnings to Rs.489 crore; which is Rs.315 crore after tax deductions.

The company has acquired a substantial number of new clients this quarter, taking the numbers from last year’s 11,62,742 to a firm standing of 15,82,954 clients.

Thanks to the rise in assets under management (AUM), receivables under finances, and interest and fee income, all of which showed an increase of 35% – 37% from last year’s quarter, the market value of BFL has seen significant improvement.

The gross and net NPA (non-performing assets), as of 31st March 2016, stood at 1.23% and 0.28% respectively. Also, as of the last quarter, the company continues to disburse loan losses in excess of RBI requirements.

Bajaj Finance Limited, at the end of the financial year, portrayed a capital adequacy ratio of 19.50%. At its current position, the risks to the company are minimal, thus allowing ample room for smooth expansion.

The company unveiled EMI financing options to EMI card holders on Flipkart, and it introduced a new category in its Lifestyle Finance business section—Life Care financing. Bajaj Finance Limited also opened doors to other categories for EMI card propositions, which include categories like travel, small appliances, and fashion.

This quarter also saw the launch of India’s first pure Flexi Loan, which is available to the company’s SME customers, across Business Loans, Loans Against Properties, and Professional Loans.

Bajaj Finance Limited was recognised, once again, on Asia’s Best Workplaces. This year, the company was featured at No. 16, higher than its position last year at No. 23.

The company also found itself amongst the Top 25 Employers in India, 2016. Bajaj Finance Limited is one of four companies to have made the list for three consecutive years, speaking volumes about how the institution operates.