ICFC Finance profit rises by 76.35% in Q4; non performing loan stands at impressive 0.08%

ICFC Finance Limited (ICFC) has published unaudited financial report for the fourth quarter today. It has stated that net profit has increased by 76.35% to Rs 14.02 crore in the fourth quarter of fiscal year 2075/76.

Likewise, it extended loans of Rs 8.14 arba with 25.42% growth. It has increased deposits by 23.11% to Rs 10.92 arba in the Q4.

ICFC’s net interest income has increased from Rs 25.89 crore in the corresponding quarter last year to Rs 36.09 crore in the fourth quarter of fiscal year 2075/76. Its operating profit has increased to Rs 19.83 crore in Q4, from Rs 12.18 crore in corresponding quarter.

It has paid up capital of Rs 88.21 crore with reserve and surplus of Rs 39.87 crore till the Q4. The finance companies’ non-performing loan (NPL) stands at impressive 0.08%.

The Net worth per share stands at Rs 145 and EPS stands at Rs 15.90. The stock price of ICFC is trading at PE of 12.68 times.