Shree Investment and Finance registers net profit of Rs 6.94 crore in Q2 of 2076/77; Share capital at Rs 82.90 crore

Shree Investment and Finance Company (SIFC) has registered a net profit increase to Rs 6.94 crores in the second quarter of FY 2076/77 from Rs 6.04 crores posted in the Q2 of last fiscal year.

SIFC’s net interest income has risen to Rs 14.06 crore in Q2 as compared to Rs 12.50 crore in the corresponding quarter of the last fiscal year.

As of Q2, it has a paid-up capital of Rs 82.90 crore with a reserve of Rs 21.66 crore.

The finance company also collected deposits of Rs 4.76 arba in Q2, up from Rs 4.31 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 4.32 arba in Q2 whereas last quarter the figure stood at Rs. 4.09 arba.

The non-performing loans of the company stand at 0.44% compared to 0.19% posted in the corresponding quarter of the previous year

SIFC’s annualized earnings per share (EPS) stands Rs 16.40. Its net worth stands at Rs 132.23 per share. As of the second quarter, the finance company has a PE Ratio of 9.14 times.

Second Quarter Report