Pokhara Finance registers profit increment by staggering 119.55% to Rs 1.64 crore in Q1; NPL stands at 2.16%

Pokhara Finance Limited (PFL) has registered outstanding net profit growth by 119.55% in the first quarter (Q1) of the fiscal year 2073/74. As per the unaudited quarterly report published by the finance company today, the company has earned net profit of Rs 1.64 crore in Q1 doubled as compared to the net profit Rs 75.03 lakh in the corresponding quarter of the previous fiscal year. The net interest income of the company reached to Rs 3.99 crore in the Q1 rising from Rs 2.53 crore in the previous fiscal year corresponding quarter. The paid up capital of the company remains at Rs 49.11 crore in the Q1 with Rs 21.03 crore in reserve. The bank has mobilized Rs 3.08 arba in deposits with loan & advances of Rs 2.80 arba in Q1.The deposit and advance amount stood at Rs 2.86 arba and Rs 2.34 arba in the corresponding quarter of previous fiscal year. PFL’s operating profit increased to Rs 2.58 crore in Q1 from Rs 1.17 in the corresponding quarter of the previous fiscal year. The company’s non performing loan (NPL) slightly decreased to 2.16% in Q1 from 2.28% corresponding quarter. Its annualized Earning per Share (EPS) stands at Rs 13.41, net worth per share stands at Rs 142.84 and P/E ratio at 24.49 times.