Arun Finance earns net profit of Rs 87.22 lakh in Q2; Net worth still below par value at Rs 81.26

Arun Finance Limited (ARUN) has shown massive rise in net profit by 2550% percent in the second quarter (Q2) of the current fiscal year 2074/75. Publishing the unaudited financial report for the second quarter today, the finance company stated that its net profit rises to Rs 87.22 lakh in the Q2 of current fiscal year 2074/75, up from net loss of Rs 3.56 lakh in the corresponding period of the previous fiscal year 2073/74. However, its net interest income has also inclined from Rs 10.55 lakh in corresponding quarter to Rs 2.76 crore in the second quarter in current fiscal year. Its paid up capital remains at Rs 30.00 crore with negative reserve of Rs 12.36 crore. The company has collected deposit of Rs 6.93 crore in Q2 of current fiscal year 2074/75, up from Rs 2.11 crore in the corresponding quarter of the previous fiscal year 2073/74. Likewise, it has extended loans and advances of Rs 10.81 crore in Q2 whereas in the same period last year the figure stood at Rs 11.40 lakh. Its non-performing loan (NPL) stands at Rs 14.91%. Its annualized earning per share (EPS) stands at Rs 5.81, net worth per share at Rs 81.26 and the P/E ratio at 29.26 times.