Best Finance Company (BFC) has also published its unaudited financial for the second quarter of the fiscal year 2074/75. The net profit of the company stands at Rs 3.59 crore which is a huge increment from corresponding period’s loss of Rs 68.69 lakh.
The finance company has collected total deposits of Rs 17.36 crore which is 733.53% rise from corresponding period’s 2.08 crore.
The bank has floated Rs 20.49 crore as loans and advances for the Q2 of the FY 2074/75.
It earned Rs 1.21 crore as net interest income and Rs 2.14 lakh as operating profit.
The paid up capital of the company is Rs 28.67 crore and negative balance in reserve of Rs 8.45.
The annualized EPS of the finance company stands at Rs 25.07 and Net worth per share is Rs 70.53.
Recently, Best Finance has signed MOU with Synergy Finance Limited (SYFL) for acquisition process.
Cut off price for 2.85 lakh unit auctioned shares of Best Finance stood at Rs 100.01, both ordinary & promoter shares still remain unsold
Major Highlights:
| Particulars (In Rs '000) |
BFC |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
286,699 |
132,228 |
116.82% |
| Reserve & Surplus |
(84,481) |
(37,242) |
126.84% |
| Deposits |
173,692 |
20,838 |
733.53% |
| Borrowings |
- |
- |
- |
| Loans & Advances |
204,981 |
177,880 |
15.24% |
| Net Interest Income |
12,185 |
8,917 |
36.65% |
| Provision for possible losses |
4,468 |
9,233 |
-51.61% |
| Operating Profit |
214 |
(8,309) |
- |
| Net Profit |
35,938 |
(6,869) |
- |
| NPL (%) |
72.07 |
100.93 |
-28.59% |
| Annualized EPS (In Rs.) |
25.07 |
(10.39) |
- |
| Net Worth per Share (In Rs.) |
70.53 |
71.84 |
-1.81% |
| P/E Ratio |
12.37 |
|
|
Report of BFC
