Unique Finance Q3 profit declines; Fewa Finance rises 52.56%; both cut down NPL

ShareSansar May 6:

Unique Finance has posted a net profit of Rs 1.48 crore for the third quarter of 2071/72.

Publishing the unaudited financial report for the third quarter today, the Finance has stated that the net profit declined to Rs 1.48 crore from 1.75 crore in the corresponding quarter of the last fiscal year 2070/71.

The Finance has mobilized deposits of Rs 62.24 crore as compared to Rs 58.14 crore in the corresponding quarter. Likewise, it extended Rs 59.14 crore in loans, up from Rs 45.80 crore.

Unique Finance Net Interest Income has slightly risen from Rs 30.65 crore to Rs 31.32 crore in Q3. It posted an operating profit of Rs 2.33 crore for the quarter.

The company has managed to trim down its non-performing loan from 0.49 percent to 0.17 percent by the end of the third quarter of the current fiscal. Its CD ratio stands at 66.80%.

Meanwhile, Fewa Finance Limited has reported a profit rise of 52.56% in the third quarter of the current fiscal year 2071/72.

According to the unaudited quarterly report for the third quarter today, the finance has stated that it earned a net profit of Rs 7.82 crore in the third quarter, up from Rs 5.13 crore in the corresponding quarter of the previous fiscal year 2070/71.

The finance company’s net interest income reached to Rs 16.84 crore, up from Rs 12.68 crore in the corresponding quarter.

It also mobilized Rs 4.45 arba in deposit and 3.90 arba in loan as compared to Rs 3.56 arba in deposit and Rs 2.94 arba in loan in the corresponding quarter last year.

Fewa's non-performing loan (NPL) has also dropped to 0.69 percent from 1.22 percent in the same period of the previous fiscal year. Its CD ratio stands at 78.76%.

Its EPS (annualized) now stands at Rs 26.33 and its net worth per share is priced at Rs 142.34.