Shree Investment and Finance Company registers net profit of Rs 2.79 crore for Q1 of 2076/77; Annualized EPS at Rs 14.63

Shree Investment and Finance Company (SIFC) has registered a net profit increase to Rs 2.79 crores in the first quarter of FY 2076/77 from Rs 2.32 crores posted in the Q1 of last fiscal year.

SIFC’s net interest income has risen to Rs 6.88 crore in Q1 as compared to Rs 5.33 crore in the corresponding quarter of the last fiscal year.

As of Q1, it has a paid-up capital of Rs 81 crore with a reserve of Rs 20.30 crore.

The finance company also collected deposits of Rs 4.46 arba in Q1, up from Rs 4.31 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 4.17 arba in Q1 whereas in the same period last year, the figure stood at Rs. 4.09 arba.

The non-performing loans of the company stand at 0.22% compared to 0.12% posted in the corresponding quarter of the previous year

SIFC’s annualized earnings per share (EPS) stands Rs 14.63. Its net worth stands at Rs 141.09 per share. As of the first quarter, the finance company has a PE Ratio of 10.39 times.

First Quarter Report