Best Finance Company (BFC) has published its unaudited financials for the second quarter of the fiscal year 2076/77.
The net profit of the company has increased by 31.43% from Rs.3.61 crore in the corresponding quarter of the last fiscal year to Rs. 4.74 crore till Q2. Similarly, negative retained earnings has decreased to Rs.27.30 Crore from Rs.35.16 Crore in the corresponding quarter of last FY. The paid up capital of the company stands Rs 82.89 crore.
The finance company has collected a total deposit of Rs.2.60 Arba which has increased from deposit of Rs.2.29 Arba in corresponding period of FY 2075/2076. The bank has floated Rs.1.87 Arba as loans and advances against Rs.1.76 Arba posted in the last year’s corresponding quarter.
Net interest income of the company has increased in this quarter to Rs.8.03 Crore from Rs.7.82 Crore in the corresponding quarter of last fiscal year.
The Non-Performing Loan (NPL) of finance company has decreased to 14.68% in this quarter from 21.70% in the corresponding quarter of last FY.
Annualized EPS stands at Rs.11.46 and net worth at Rs.107.89. The P/E ratio stood at 8.55 times.
Second Quarter Report