Look at first quarter financial highlights of four finance companies: Progressive Finance, United Finance, Best Finance and Samriddhi Finance

Progressive Finance Limited (PROFL) has registered a net profit of Rs.30.81 Lakhs in the first quarter of the FY 2076/77. Its net profit has decreased from Rs.1.78 Crore in the corresponding quarter of the previous fiscal year.

PROFL’s net interest income has increased to Rs.2.52 Crore in Q1 as compared to Rs.48.71 Lakhs in the corresponding quarter of the last fiscal year. It has a paid up capital of Rs.79.72 Crore with a reserve of Rs.3.17 Crore.

The bank also collected deposits of Rs.1.23 Arba in Q1, up from Rs.1.07 Arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs.1.03 Arba in Q1 whereas in the same period last year, the figure stood at Rs.93.41 Crore.

Progressive Finance’s annualized EPS stands at Rs.1.54 with net worth per share standing at Rs.105.88. The PE Ratio as of the first quarter stands at 62.31 times.

Similarly, United Finance Limited (UFL)’s net profit has increased by an outstanding 104.75% to Rs.37.51 Lakhs till the first quarter of FY 2076/77 which was Rs.18.32 Lakhs in the corresponding quarter of the previous fiscal year.

UFL’s net interest income has increased to Rs.9.07 Crore in Q1 as compared to Rs.6.15 Crore in the corresponding quarter of the last fiscal year. As of Q1, it has a paid up capital of Rs.1.01 Arba with a reserve of Rs.23.76 Crore.

The finance also collected deposits of Rs.6.64 Arba till Q1 which increased from Rs.6.55 Arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs.5.945 Arba in Q1 whereas in the same period last year, the figure stood at Rs.5.943 Arba.

UFL’s Earnings per Share (EPS) is Rs.1.48. The finance company’s net worth per share stands at Rs.155.41 and PE stands at 121.22 times.

Best Finance Company (BFC) has published its unaudited financials for the first quarter of the fiscal year 2075/76.

The net profit of the company has increased by 35.27% from Rs.40.40 Lakhs in the corresponding quarter of the last fiscal year to Rs.54.65 Lakhs till Q1. However, negative retained earnings has increased to Rs.35.31 Crore from Rs.34.30 Crore in the corresponding quarter of last FY.

The finance company has collected a total deposit of Rs.2.46 Arba which has increased from deposit of Rs.2.29 Arba in corresponding period of FY 2075/2076. The bank has floated Rs.1.91 Arba as loans and advances against Rs.1.83 Arba posted in the last year’s corresponding quarter.

Net interest income of the company has increased in this quarter to Rs.4.45 Crore from Rs.2.77 Crore in the corresponding quarter of last fiscal year.

The Non-Performing Loan (NPL) of finance company has decreased to 18.46% in this quarter from 49.29% in the corresponding quarter of last FY.

EPS stands at Rs.2.64 and net worth at Rs.86.06. The P/E ratio stood at 35.61 times.

Samriddhi Finance Company Limited (former World Merchant and Finance Limited) has reported decrease in net loss in the first quarter with a negative retained earnings of Rs.32.15 Crore.

The unaudited financial report of the finance company has stated that the net loss has decreased to Rs.10.10 Lakhs from net loss of Rs.1.13 Crore posted in the corresponding quarter of the previous year.

It has extended loans of Rs.17.50 Crore and has collected deposits of Rs.7.60 Crore. It has paid up capital of Rs.26.56 Crore. The finance company’s non-performing loan (NPL) to total loan stands at 100% in the current first quarter as well.

Net interest income has increased to Rs.17.64 Lakh in the first quarter compared to Rs.8.69 Lakhs posted in the previous year.

The annualized EPS of the company stands at negative Rs.2.22 and Net worth per share at Rs.37.48. The PE Ratio stands at negative 41.44 times.