ICFC Finance net profit rises by 35.72%;Unclaimed 3.79 lakh units right share auction till tomorrow

ICFC Finance Limited has reported a  rise in net profit of  35.72 percent in the second quarter of the fiscal year 2072/73. As per the unaudited quarterly report published on today,  the finance has stated its net profit of Rs 4.16 crore, up from Rs 3.06 crore in the corresponding quarter. The finance company mobilized Rs 5 arba  in deposits, which is a jump from Rs  4.41 arba in the corresponding quarter last year. . Likewise, it extended loans of Rs 4.23 arba, up from Rs 3.44 arba. Its net interest income rose to Rs 23.41 crore in the second quarter from Rs 22.20. crore in the corresponding quarter. However, its non performing loan has gone up from 1.82 percent from the corresponding quarter of the last fiscal year  to  2.18 percent by the end of the second quarter this  year. It’s annualized EPS stands at Rs 19.50, its net worth per share remains at Rs146.20 and P/E ratio is at 10.36 times respectively. ICFC Finance is auctioning 3,18,871 units promoter right share and 60,903 ordinary right share after the rights shares issued on Mangsir 8, 2072 were not fully subscribed by the investors. The auction is from Magh 15 to Magh 20, 2072. The auction winner will also get 10.5 percent bonus share proposed by the finance company which is subject to approval from upcoming AGM. The bid will open to conclude on Magh 22, 2072.