Bhaktapur Finance Company Limited (BFCL) has registered a net profit rise of 277.87% in the second quarter of the current FY 2073/74.
According to the unaudited financial report published by the finance today, its net profit has increased to Rs. 1.04 crore in second quarter, up from Rs. 27.63 lakh in the corresponding quarter of the previous fiscal year.
BFCL’s net interest income has risen to Rs 2.14 crore in Q2 as compared to Rs. 1.07 crore in the corresponding quarter of the last fiscal year.
As of Q2, it has a paid up capital of Rs 21.83 crore with a reserve of Rs 1.62 crore.
The bank also collected deposits of Rs 43.09 crore in Q2, down from Rs 46.22 arba crore in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 50.27 crore in Q2 whereas in the same period last year, the figure stood at Rs. 35.81 crore. The credit-deposit ratio of this finance company stands at 74.96%.
BFCL’s annualized Earnings per Share (EPS) has increased to Rs 9.56 per share. The transaction of this company is currently in halt, due to its ongoing merger with Central Finance. The swap ratio for merger has been fixed at 1:1.
Major Highlights:
Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
Paid Up Capital |
218,385.00 |
200,000.00 |
9.19% |
Reserve and Surplus |
16,211.98 |
18,177.77 |
-10.81% |
Deposits |
430,947.44 |
462,249.52 |
-6.77% |
Loans and Advances |
502,753.75 |
358,165.58 |
40.37% |
Net Interest Income |
21,403.11 |
10,713.58 |
99.78% |
Provision |
1,844.57 |
4,300.30 |
-57.11% |
Write Back |
1,428.13 |
1,750.00 |
-18.39% |
Operating Profit |
14,984.09 |
2,593.32 |
477.80% |
Net Profit |
10,444.14 |
2,763.93 |
277.87% |
Capital Adequacy Ratio |
38.64% |
45.70% |
- |
NPL |
4.42% |
5.49% |
-19.49% |
Base Rate |
7.92% |
8.76% |
- |
Cost of Fund |
5.47% |
4.89% |
|
CD Ratio (as per NRB) |
74.96% |
52.64% |
- |
EPS (Annualized) |
9.56 |
2.76 |
246.06% |
Networth Per Share |
107.42 |
109.09 |
|