Shree Investment and Finance Company (SIFC) has registered a net profit rise of 82.89% in the second quarter of the current FY 2073/74.
According to the unaudited financial report published by the finance today, its net profit has increased to Rs. 2.19 crore in second quarter, up from Rs. 1.20 crore in the corresponding quarter of the previous fiscal year.
SIFC’s net interest income has risen to Rs 4.57 crore in Q2 as compared to Rs. 2.74 crore in the corresponding quarter of the last fiscal year.
As of Q2, it has a paid up capital of Rs 24.31 crore with a reserve of Rs 10.45 crore.
The bank also collected deposits of Rs 1.90 arba in Q2, up from Rs 1.72 arba crore in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 1.63 crore in Q2 whereas in the same period last year, the figure stood at Rs.1.33 arba. The credit-deposit ratio (CDD) of this finance company stands at 73.07%.
SIFC’s annualized Earnings per Share (EPS) has increased to Rs 18.09. Its net worth stands at Rs 143 per share.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
243,100.00 |
220,000.00 |
10.50% |
| Reserve and Surplus |
104,543.32 |
88,627.37 |
17.96% |
| Deposits |
1,906,077.58 |
1,728,063.84 |
10.30% |
| Loans and Advances |
1,636,499.10 |
1,335,858.80 |
22.51% |
| Net Interest Income |
45,772.80 |
27,481.16 |
66.56% |
| Provision |
3,122.57 |
1,036.90 |
- |
| Write Back |
|
651.98 |
- |
| Operating Profit |
32,777.62 |
17,732.80 |
84.84% |
| Net Profit |
21,991.47 |
12,024.59 |
82.89% |
| Capital Adequacy Ratio |
13.37% |
13.10% |
- |
| NPL |
0.24% |
0.08% |
200.00% |
| Base Rate |
9.43% |
9.99% |
- |
| Cost of Fund |
6.71% |
6.50% |
|
| CD Ratio (as per NRB) |
73.07% |
65.85% |
- |
| EPS (Annualized) |
18.09 |
10.93 |
65.51% |
| Networth Per Share |
143.00 |
140.29 |
|
