Everest Finance Company Limited (EFL) has posted 91.92% rise in net profit in the second quarter of the fiscal year 2073/74.
Publishing the unaudited financial quarterly report today, the finance company has stated that its net profit rose to Rs 1.40 crore in the current fiscal year 2073/74, up from Rs 73.45 lakh net profit in the corresponding period of the previous fiscal year 2072/73.
Everest Finance’s net interest income has also increased to Rs 3.64 crore in Q2 from Rs 2.64 crore in the corresponding quarter.
It has mobilized Rs 1.32 arba in deposit and Rs 1.20 arba in loan in Q2 as compared to Rs 1.20 arba in deposit and Rs 93.19 crore in loan in the corresponding quarter last year.
The finance company’s non-performing loans decreased to 0.54% in Q2 from 0.96% in corresponding quarter of previous year. The company’s paid up capital remains at Rs 15.74 crore.
Its CD ratio stands at 79.12%, P/E ratio stands at Rs 21.22 times and net worth per share is Rs 125.04.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
157,459.80 |
137,519.50 |
14.50% |
| Reserve and Surplus |
39,430.57 |
27,553.86 |
43.10% |
| Deposits |
1,329,780.27 |
1,200,411.83 |
10.78% |
| Loans and Advances |
1,207,836.26 |
931,968.85 |
29.60% |
| Net Interest Income |
36,457.12 |
26,429.71 |
37.94% |
| Provision |
5,387.01 |
6,438.79 |
- |
| Write Back |
- |
- |
- |
| Operating Profit |
22,133.09 |
11,542.50 |
91.75% |
| Net Profit |
14,096.78 |
7,345.23 |
91.92% |
| Capital Adequacy Ratio |
15.46% |
15.92% |
- |
| NPL |
0.54% |
0.96% |
- |
| Base Rate |
9.93% |
10.26% |
- |
| CD Ratio (as per NRB) |
79.12% |
68.25% |
- |
| EPS (Annualized) |
17.91 |
10.68 |
67.61% |
| PE Ratio |
21.22 |
|
|
| Networth Per Share |
125.04 |
|
|
