International Leasing & Finance Co. earns Rs.49.69 lakh in Q1; NPL increases to 17.11%

International Leasing & Finance Company Limited (ILFCO) has earned net profit of Rs.49.69 lakh in Q1 of the fiscal year 2072/73. The net profit increased by 2.67 %. As per the unaudited financial report for the first quarter published today, the finance company has stated that its net profit rose to Rs.49.67 lakh in first quarter, up from Rs.48.40 lakh as compared to the corresponding quarter of the previous fiscal year 2071/72. The finance company has collected deposits of Rs.1.38 arba in Q1 decreasing from Rs.1.40 arba in the corresponding quarter of the previous fiscal year. It has floated loans of Rs.1.69 arba, down from Rs.2.05 arba in the corresponding quarter of the previous fiscal year. ILFCO’s net interest income rose to Rs.5.01 crore from Rs.3.77 crore in Q1 of the fiscal year 2072/73. It’s paid up capital remains at Rs.2 arba in Q1.It has a borrowings of Rs.99.78 lakh. ILFCO’s NPL increased to 17.11 % from 14.75 % in Q1. Its Credit to Deposit Ratio (CD ratio) stood at 46.28 %. Click Here For Announcement