Net profits of Srijana Finance Limited increase by 30% in the fourth quarter; Net Interest Income falls to Rs.15.63 Crore

Fri, Jul 26, 2019 11:36 AM on Financial Analysis, Latest,

Srijana Finance Limited (SFFIL) has registered profit of Rs 15.73 crore in the fourth quarter (Q4) of the fiscal year 2075/76.

According to the unaudited financial report published by the finance company today, its net profit has increased to Rs 15.73 crore in fourth quarter from net profit of Rs 12.11 crore in the corresponding quarter of the last fiscal year 2074/75, increasing by almost 30%.

Srijana Finance’s net interest income has fallen to Rs 15.63 crore in the fourth quarter as compared to Rs 25.61 crore in the corresponding quarter. Its paid up capital and reserves remains at Rs 46.08 crore and Rs 25.98 crore respectively.

The finance company also amassed huge amount of deposits in the Q4 of the current fiscal year. Deposits collection reached Rs 7.15 arba in Q4 from Rs 5.40 arba in the corresponding period last year.

Likewise, it has extended loans and advances of Rs 4.82 arba in Q4 whereas in the same period last year, the figure stood at Rs 3.80 arba.

Its non-performing loan has decreased to 0.34 percent in Q4 from 1.31 percent in the previous year’s report.

Earnings per share (EPS) of SFFIL stands at Rs 34.14 and Net Worth per share is at Rs 156.39.