Q4 of Prudential finance faces net profit shrinkage by 95.40%
Wed, Aug 19, 2015 12:00 AM on Others,
ShareSansar, August 19;
Prudential Finance Company Limited (PFIL) has earned Rs 61.54 lakh net profit in Q4. The finance company had net profit of Rs 13.38 crore in the corresponding quarter of the previous fiscal year.
On publication of today’s unaudited financial report, the company has reported net interest income of Rs 3.40 crore in Q4. The company’s operating profit is in loss of Rs 1.64 crore compared to the loss operating income of Rs 1.49 crore in the corresponding quarter of the previous fiscal year.
Likewise, the finance company has acquired Rs 1.01 arba in deposits and extended loan of Rs 64.84 crore. It has a paid up capital of Rs 48.31 crore with Rs 4.23 crore in reserve.
The NPL of the finance company rose to 6.39% from 5.89% in Q4.Its Credit to Deposit ratio stands at 42.07 % and Capital Adequacy ratio stands at 46.73%.
