ICFC’s profit rises by 19.39 percent in Q1
Wed, Nov 6, 2013 12:00 AM on Others,
ShareSansar, November 6:
ICFC Finance Limited’s net profit rose by 19.39 percent in the first quarter of the current fiscal year 2070/71.
According to the unaudited first quarterly report of the finance company, its net profit rose to Rs 70.98 lakh, up from Rs 59.45 lakh in the corresponding quarter last year.
It mobilized Rs 3.84 arba in deposit and Rs 3.05 arba in loan. It had mobilized only Rs 3.41 arba in deposit and Rs 2.70 in loan during the corresponding quarter last year.
ICFC’s net interest income has surged to Rs 2.70 crore from Rs 2.25 crore in the first quarter last year.
However, its non-performing loan (NPL) has increased to 2.16 percent from 0.98 percent in the corresponding quarter.
Nonetheless, its EPS stands at Rs 7.58 and its per share net worth is at Rs 123.13.
In October, ICFC’s AGM had endorsed 5 percent bonus shares and 10.79 percent cash dividend offered by the company to theshareholders from the net profit it posted in the last fiscal year 2069/70.
ICFC Finance Limited had posted net profit of Rs.8.32 crore in the last fiscal year.
