Srijana Finance first to publish FY 73/74 Q1 report; earning surges by 321.94% to Rs 1.47 crore

Srijana Finance Limited (SFFIL) has registered profit rise of 321.94 percent in the first quarter (Q1) of the current fiscal year 2073/74. According to the unaudited financial report published by the finance company today, its net profit has surged to Rs 1.47 crore in first quarter up from Rs 34.87 lakh in the corresponding quarter of the last fiscal year 2072/73. The operating profit increased to Rs 2.31 crore from Rs 54.80 lakh as compared to the corresponding quarter of last fiscal year. Srijana Finance net interest income has risen to Rs 4.10 crore in the first quarter as compared to Rs 1.23 crore in the corresponding quarter. It’s paid up capital and reserves remains at Rs 21.16 crore and Rs 16.38 crore respectively. The bank also amassed huge amount of deposits in the Q1 of the ongoing fiscal year. Deposits collection reached Rs 2.43 arba in Q1 from Rs 1.46 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 2.14 arba in Q1 whereas in the same period last year the figure stood at Rs 1.19 arba. Its non-performing loan has slightly inclined to 1.18 percent in Q2 from 1.17percent in the previous year report. Annualized Earning per share (EPS) of SFFIL stands at Rs 27.80 and net worth per share is at Rs 177.39.