Unique Finance Limited (UFIL) has registered a net profit drop of 34.04% 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 decreased to Rs. 1.08 crore in second quarter, down from Rs. 1.64 crore in the corresponding quarter of the previous fiscal year.
UFIL’s net interest income has dropped to Rs 2.20 crore in Q2 as compared to Rs. 2.70 crore in the corresponding quarter of the last fiscal year.
As of Q2, it has a paid up capital of Rs 27.67 crore with a reserve of Rs 4.95 crore.
The bank also collected deposits of Rs 64.93 crore in Q2, down from Rs 71.01 crore in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 56.95 crore in Q2 whereas in the same period last year, the figure stood at Rs.73.01 crore. The credit-deposit ratio (CDD) of this finance company stands at 58.37%.
UFIL’s annualized Earnings per Share (EPS) has decreased to Rs 7.86 per share. Its trading is halted, as it is in the process of being acquired with Civil Bank Limited. It had distributed a stock dividend of 16% for the FY 2072/73.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
276,787.60 |
238,610.00 |
16.00% |
| Reserve and Surplus |
49,588.50 |
46,881.40 |
5.77% |
| Deposits |
649,317.23 |
710,116.70 |
-8.56% |
| Loans and Advances |
569,547.22 |
730,154.53 |
-22.00% |
| Net Interest Income |
22,035.18 |
27,059.36 |
-18.57% |
| Provision |
972.80 |
1,439.16 |
- |
| Operating Profit |
14,535.91 |
21,115.05 |
-31.16% |
| Net Profit |
10,881.10 |
16,495.74 |
-34.04% |
| Capital Adequacy Ratio |
48.81% |
33.62% |
- |
| NPL |
0.34% |
0.08% |
325.00% |
| Base Rate |
9.75% |
10.26% |
- |
| Cost of Fund |
7.23% |
6.89% |
|
| CD Ratio (as per NRB) |
58.37% |
73.34% |
- |
| EPS (Annualized) |
7.86 |
13.83 |
-43.14% |
| Networth Per Share |
117.92 |
|
|
