Progressive Finance registers net profit of Rs 3.2 crore for Q4 of 2075/76; EPS and net worth per share stands at Rs 4 and Rs 105.86 respectively

Progressive Finance Limited (PROFL) has registered a net profit of Rs.3.2 crore in the fourth quarter of the FY 2075/76.

According to the unaudited financial report published by the finance company, its net profit has increased to Rs. 3.2 crore in fourth quarter, up from Rs.35.47 lakh in the corresponding quarter of the previous fiscal year.

PROFL’s net interest income has increased to Rs. 6.5 crore in Q4 as compared to Rs. 3.02 crore in the corresponding quarter of the last fiscal year.

As of Q4, it has a paid up capital of Rs.80.01 crore with a reserve of Rs 4.69 crore.

The bank also collected deposits of Rs 1.11 arba in Q4, up from Rs 78.46 crore in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 1.01 arba in Q4 whereas in the same period last year, the figure stood at Rs. 51.02 crore.

Progressive Finance’s EPS stands at Rs 4 with net worth per share standing at Rs 105.86. The PE Ratio as of the fourth quarter stands at 27.73 times.

Q4 report