Shree Investment and Finance Company posts 47% growth in net profits by the end of third quarter; other indicators show exceptional growth as well

Shree Investment and Finance Company (SIFC) has registered a net profit increase to Rs 9.57 crores in the third quarter of the current FY 2075/76 from Rs 6.49 crores posted in the Q3 of last fiscal year, growing by 47.28%.

SIFC’s net interest income has risen to Rs 18.51 crore in Q3 as compared to Rs 12.51 crore in the corresponding quarter of the last fiscal year.

As of Q3, it has a paid up capital of Rs 81 crore with a reserve of Rs 25.60 crore.

The finance company also collected deposits of Rs 4.42 arba in Q3, up from Rs 3.40 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 4.10 arba in Q3 whereas in the same period last year, the figure stood at Rs.3.18 arba.

The non-performing loans of the company stand at 0.19% compared to 0.22% posted in the corresponding quarter of the previous year

SIFC’s Earnings per Share (EPS) stands Rs 15.76. Its net worth stands at Rs 131.61 per share. As of the third quarter, the finance company has a PE Ratio of 8.69 times.