Srijana Finance profit upsurges by 65.35 % in Q2; NPL drop to 0.46% from 0.99%

Srijana Finance Limited (SFFIL) has posted a net profit of Rs 3.49 crore in the second quarter of the fiscal year 2072/73.The bank’s net profit increased by 65.35 % in Q2 as compared to the corresponding quarter of the previous fiscal year. Publishing the unaudited financial report today, the finance company’s net interest income has raised to Rs.4.83 crore in Q2 from Rs.3.55 crore in the corresponding quarter of the previous fiscal year. Shrijana Finance has a paid up capital of Rs.13.44 crore with reserve of Rs11.61 crore. The finance has deposits collection of Rs.1.59 arba in Q2, up from Rs 94.78 crore in the corresponding period of the previous fiscal year. Likewise, it has extended loans and advances of Rs.1.28 arba in Q2.The figure stood at Rs.60.86 crore in the corresponding quarter of the previous fiscal year. Its Non-Performing Loan (NPL) has dropped to 0.46 percent in Q2 from 0.99 percent in the previous year report.