Srijana Finance Limited (SFFIL) has registered profit rise of 95.42 percent in the third quarter (Q3) of the current fiscal year 2073/74.
According to the unaudited financial report published by the finance company today, its net profit has surged to Rs 8.29 crore in third quarter up from Rs 4.24 in the corresponding quarter of the last fiscal year 2072/73. The operating profit increased to Rs 13.03 crore from Rs 6.67 crore as compared to the corresponding quarter of last fiscal year.
Srijana Finance’s net interest income has risen to Rs 20.25 crore in the third quarter as compared to Rs 8.52 crore in the corresponding quarter. Its paid up capital and reserves remains at Rs 30.24 crore and Rs 13.36 crore respectively.
The bank also amassed huge amount of deposits in the Q3 of the ongoing fiscal year. Deposits collection reached Rs 2.83 arba in Q3 from Rs 1.77 arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs 2.53 arba in Q3 whereas in the same period last year, the figure stood at Rs 1.53 arba.
Its non-performing loan has declined to 2.46 percent in Q3 from 4.46 percent in the previous year’s report.
Annualized Earnings per share (EPS) of SFFIL stands at Rs 36.57 and Net Worth per share is at Rs 144.21.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
302,400 |
190,525 |
58.72% |
| Reserve and Surplus |
133,690 |
103,712 |
28.91% |
| Deposits |
2,831,686 |
1,774,362 |
59.59% |
| Loans and Advances |
2,533,020 |
1,539,759 |
64.51% |
| Net Interest Income |
202,503 |
85,231 |
137.59% |
| Provision |
28,624 |
12,023 |
- |
| Write Back |
|
|
- |
| Operating Profit |
130,366 |
66,711 |
95.42% |
| Net Profit |
82,960 |
42,452 |
95.42% |
| Capital Adequacy Ratio |
17.57% |
18.20% |
- |
| NPL |
2.46% |
4.46% |
-44.84% |
| Cost of Fund |
7.72% |
4.78% |
|
| CD Ratio (as per NRB) |
77.52% |
74.43% |
- |
| EPS (Annualized) |
36.58 |
29.71 |
23.12% |
| PE Ratio |
17.00 |
|
|
| Networth Per Share |
144.21 |
|
|
