Pokhara Finance publishes net profit of Rs.2.93 Crore till the end of the first quarter; deposit collection crosses Rs.6 Arba

Pokhara Finance Company (PFL) has published its unaudited financial report for the first quarter of the fiscal year 2076/77.

The net profit of the company stands at Rs.2.93 Crore which has slightly increased compared to corresponding period’s profit of Rs.2.37 Crore.

The finance company has collected total deposits of Rs.6.05 Arba which is 35.18% rise from corresponding period’s Rs.4.47 Arba. The company has floated Rs.5.51 Arba as loans and advances to customers for the Q1 of the FY 2076/77, up from Rs.4.14 Arba posted in the corresponding quarter of the previous year.

It has earned Rs.8.54 Crore as net interest income compared to Rs.6.44 Crore posted in Q1 of the previous year. And it has Rs.4.24 Crore as operating profit, which was previously at Rs.3.39Crore.

The paid up capital of the company is Rs.85.72 Crore and reserve of Rs.25.91 Crore.

The annualized EPS of the finance company stands at Rs.13.70 and Net worth per share is Rs.144.98. The PE ratio posted by the company for the first quarter stands at 10.22 times.