ICFC Finance Limited (ICFC) has registered a net profit rise by 168.22 percent in the second quarter (Q2) of the fiscal year 2073/74. As per the unaudited report for the second quarter, the bank’s net profit has increased to Rs. 11.16 crore in the second quarter of fiscal year 2073/74, up from Rs 6.61 crore reported in the same quarter of the fiscal year 2072/73.
In the second quarter, ICFC Finance net interest income has risen to Rs 16.35 crore, up from Rs 4.16 crore in the previous corresponding quarter.
The finance has collected Rs 5.84 arba in deposits and disbursed Rs 4.96 arba in loans in Q2 as compared to Rs 5.00 arba in deposits and Rs 4.23 arba in loans in the corresponding quarter last year. The finance company has provisioned Rs 5.11 crore for possible losses whereas the Finance is able to write back Rs 7.27 crore in Q2.
ICFC Finance has already reached NRB's minimum paid up capital requirement of Rs 80 crore. Its paid up has reached Rs 80.17 crore after its bonus share of 17% for the FY 2072/73; with a reserve of Rs 27.24 crore.
The Finance’s CD ratio stands at 71.70% and non-performing loan (NPL) dropped to 0.99% from 2.18% in Q2.
Its Earning per Share (EPS) stands at Rs 27.85, net worth per share is at Rs 133.98 and P/E ratio at 9.34 times.
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
801,784.00 |
507,476.00 |
57.99% |
| Reserve and Surplus |
272,421.00 |
197,243.00 |
38.11% |
| Deposits |
5,846,814.00 |
5,008,923.00 |
16.73% |
| Loans and Advances |
4,962,136.00 |
4,230,974.00 |
17.28% |
| Net Interest Income |
163,512.00 |
99,913.00 |
63.65% |
| Provision |
51,140.00 |
4,057.00 |
- |
| Write Back |
72,774.00 |
|
- |
| Operating Profit |
69,402.00 |
59,782.00 |
16.09% |
| Net Profit |
111,632.00 |
41,620.00 |
168.22% |
| Capital Adequacy Ratio |
15.20% |
12.52% |
- |
| NPL |
0.99% |
2.18% |
-54.59% |
| Base Rate |
8.09% |
8.52% |
- |
| Cost of Fund |
5.46% |
5.29% |
|
| CD Ratio (as per NRB) |
71.70% |
74.05% |
- |
| EPS (Annualized) |
27.85 |
16.40 |
69.76% |
| PE Ratio |
9.34 |
|
|
| Networth Per Share |
133.98 |
|
|
