Progressive Finance Limited publishes exceptional growth in all major indicators for the third quarter; net worth per share stands at Rs.105.97

Progressive Finance Limited (PROFL) has registered a net profit of Rs.2.91 crore in the third quarter of the FY 2075/76.

According to the unaudited financial report published by the finance company, its net profit has increased to Rs. 2.91 crore in third quarter, up from loss of Rs.97.11 lakh in the corresponding quarter of the previous fiscal year.

PROFL’s net interest income has increase to Rs.4.12 crore in Q3 as compared to Rs.1.87 crore in the corresponding quarter of the last fiscal year.

As of Q3, it has a paid up capital of Rs.71.21 crore with a reserve of Rs 4.25 crore.

The bank also collected deposits of Rs 82.72 crore in Q3, up from Rs 48.88 crore in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 88.44 crore in Q3 whereas in the same period last year, the figure stood at Rs. 46.67 crore.

Progressive Finance’s EPS stands at Rs 4.10 with net worth per share standing at Rs 105.97. The PE Ratio as of the third quarter stands at 30.01 times.