United Finance Limited (UFL) has registered a net profit growth of 76.44% 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 5.78 crore in second quarter, up from Rs 3.27 crore in the corresponding quarter of the previous fiscal year.
UFL’s net interest income has risen to Rs 12.36 crore in Q2 as compared to Rs.10.30 crore in the corresponding quarter of the last fiscal year.
As of Q2, it has a paid up capital of Rs 67.08 crore with a reserve of Rs 22.44 crore.
The bank also collected deposits of Rs 5.00 arba in Q2, up from Rs 4.27 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 4.50 arba in Q2 whereas in the same period last year, the figure stood at Rs 3.58 arba .
UFL’s annualized Earnings per Share (EPS) has increased by 22.01% to Rs 17.24 per share. It had distributed 20% stock dividend and floated 25% right share for the year 2072/73. The AGM has also endorsed a further 20% right share.
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
670,880.00 |
463,935.00 |
44.61% |
| Reserve and Surplus |
224,484.00 |
157,542.00 |
42.49% |
| Deposits |
5,003,465.00 |
4,276,132.00 |
17.01% |
| Loans and Advances |
4,509,491.00 |
3,583,894.00 |
25.83% |
| Net Interest Income |
123,671.00 |
103,053.00 |
20.01% |
| Provision |
36,275.00 |
30,115.00 |
- |
| Write Back |
6,580.00 |
5,380.00 |
- |
| Operating Profit |
58,072.00 |
38,803.00 |
49.66% |
| Net Profit |
57,819.00 |
32,770.00 |
76.44% |
| Capital Adequacy Ratio |
17.64% |
15.23% |
- |
| NPL |
0.48% |
1.23% |
-60.98% |
| Base Rate |
10.26% |
9.14% |
- |
| Cost of Fund |
7.29% |
5.98% |
|
| CD Ratio (as per NRB) |
77.63% |
74.83% |
- |
| EPS (Annualized) |
17.24 |
14.13 |
22.01% |
| PE Ratio |
15.90 |
|
|
| Networth Per Share |
133.46 |
|
|
