Best Finance reports 84% rise in net profit post M&A; NPL falls to 18.46% from 49.29% on Q4 of 2075/76

Mon, Aug 19, 2019 4:32 PM on Financial Analysis, Latest,

Best Finance Company (BFC) has published its unaudited financials for the fourth quarter of the fiscal year 2075/76.

The net profit of the company has increased massively by 84% from Rs 4.42 crore in the corresponding quarter of the last fiscal year to Rs. 8.17 crore till Q4 of FY 2075/2076. However, negative reserve has increased to Rs 10.1 crore from Rs 7.58 crore in the corresponding quarter of last FY.

The finance company has collected a total deposit of Rs 2.38 arba which has increased from deposit of Rs 21 crore in corresponding period of FY 2074/2075.

The bank has floated Rs 2.18 arba as loans and advances for the fourth quarter of the FY 2075/76 – an increment from Rs 28 crore posted in the last year’s corresponding quarter.

Net interest income of the company has increased in this quarter to Rs 16.07 crore from Rs 2.34 crore in the corresponding quarter of last fiscal year.

The Non-Performing Loan (NPL) of finance company has decreased to 18.46% in this quarter from 49.29% in the corresponding quarter of last FY.

EPS stands at Rs. 9.92 and P/E ratio at 10.09 times.

Q4 report