Srijana Finance reports 12% fall in net interest income but 23% rise in net profit in Q3 of FY 2075/76; Paid-up capital stands at Rs 46.08 crore
Thu, Apr 25, 2019 3:14 PM on Financial Analysis, Latest, Stock Market,
Srijana Finance Limited (SFFIL) has registered profit of Rs 6.9 crore in the third quarter (Q3) of the current fiscal year 2075/76.
According to the unaudited financial report published by the finance company today, its net profit has increased to Rs 6.9 crore in third quarter from net profit of Rs 5.58 crore in the corresponding quarter of the last fiscal year 2074/75.
Srijana Finance’s net interest income has fallen to Rs 10.8 crore in the third quarter as compared to Rs 12.38 crore in the corresponding quarter. Its paid up capital and reserves remains at Rs 46.08 crore and Rs 16.7 crore respectively.
The finance company also amassed huge amount of deposits in the Q3 of the current fiscal year. Deposits collection reached Rs 6.17 arba in Q3 from Rs 4.56 arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs 4.44 arba in Q3 whereas in the same period last year, the figure stood at Rs 4.15 arba.
Its non-performing loan has increased to 4.81 percent in Q3 from 3.70 percent in the previous year’s report.
Earnings per share (EPS) of SFFIL stands at Rs 15 and Net Worth per share is at Rs 136.
Major Highlights:
| Particulars (In Rs '000) | SFFIL | ||
|---|---|---|---|
| Q3 2075/76 | Q3 2074/75 | Difference | |
| Paid Up Capital | 460,816 | 400,680 | 15.01% |
| Reserve & Surplus | 167,073 | 134,478 | 24.24% |
| Deposits | 6,174,118 | 4,565,817 | 35.22% |
| Borrowings | 150,000 | 400,000 | -62.50% |
| Loans & Advances | 4,444,155 | 4,159,548 | 6.84% |
| Net Interest Income | 108,709 | 123,880 | -12.25% |
| Provision for possible losses | 75,006 | 60,711 | 23.55% |
| Operating Profit | 108,558 | 87,748 | 23.72% |
| Net Profit | 69,082 | 55,839 | 23.72% |
| NPL (%) | 4.81 | 3.7 | 30.00% |
| EPS (In Rs.) | 15 | ||
| Net Worth per Share (In Rs.) | 136 | ||
| P/E Ratio (In times) | 15 | ||
