United Finance posted 220% growth in net profit of Rs 3.33 crore in Q2; EPS stands at Rs.8.33 per share

According to the unaudited financial report published by the finance today, United Finance Limited (UFL)’s net profit has increased to Rs 3.33 Crore in second quarter which was Rs 1.04 Crore in the corresponding quarter of the previous fiscal year.

UFL’s net interest income has increased to Rs 14.01 crore in Q2 as compared to Rs 9.26 crore in the corresponding quarter of the last fiscal year.

As of Q2, it has a paid up capital of Rs 80.05 crore with a reserve of Rs 21.68 crore.

The finance also collected deposits of Rs 5.97 arba in Q2, a bit up from Rs 5.58 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 5.34 arba in Q2 whereas in the same period last year, the figure stood at Rs 4.61 arba.

UFL’s annualized Earnings per Share (EPS) is Rs 8.33 per share. The finance company’s net worth per share stands at Rs 127.09.