Pokhara Finance Limited (PFL) has registered a net profit growth of 88.01% in the second quarter of the current FY 2073/74.
According to the unaudited financial report published by the finance company, its net profit has increased to Rs. 4.83 crore in second quarter, up from Rs. 2.56 crore in the corresponding quarter of the previous fiscal year.
PFL’s net interest income has risen to Rs.9.29 crore in Q2 as compared to Rs.5.86 crore in the corresponding quarter of the last fiscal year.
As of Q2, it has a paid up capital of Rs 55.74 with a reserve of Rs 17.62 crore.
The bank also collected deposits of Rs 3.25 arba in Q2, up from Rs 3.08 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 3.02 arba in Q2 whereas in the same period last year, the figure stood at Rs. 2.40 arba.
PFL’s annualized Earnings per Share (EPS) has increased by 65.64% to Rs 17.33 per share. It had distributed 13.50% stock dividend for the year 2072/73, and its AGM has approved 15% right share. After the issuance of right share, its paid up capital will reach Rs 64.1 crore. As a national level finance company, it has to increased its paid up capital to Rs 80 crore, for which it will be short by 24.80%.
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
557,420.00 |
491,119.00 |
13.50% |
| Reserve and Surplus |
176,217.00 |
135,078.00 |
30.46% |
| Deposits |
3,259,825.00 |
3,083,255.00 |
5.73% |
| Loans and Advances |
3,026,318.00 |
2,402,622.00 |
25.96% |
| Net Interest Income |
92,912.00 |
58,643.00 |
58.44% |
| Provision |
3,683.00 |
5,745.00 |
- |
| Write Back |
- |
- |
- |
| Operating Profit |
75,915.00 |
40,380.00 |
88.00% |
| Net Profit |
48,310.00 |
25,696.00 |
88.01% |
| Capital Adequacy Ratio |
20.95% |
19.47% |
- |
| NPL |
1.52% |
2.30% |
-33.91% |
| Base Rate |
8.55% |
8.56% |
- |
| Cost of Fund |
5.81% |
6.21% |
|
| CD Ratio (as per NRB) |
75.80% |
67.22% |
- |
| EPS (Annualized) |
17.33 |
10.46 |
65.64% |
| PE Ratio |
14.08 |
|
|
| Networth Per Share |
131.62 |
|
|
