United Finance posts 23% growth in net profit for second quarter; Net worth per share at Rs 143.01
Mon, Jan 27, 2020 11:41 AM on Financial Analysis, Latest, Stock Market,
United Finance Limited (UFL)’s net profit has increased by 23.52% to Rs.4.11 crore till the second quarter of FY 2076/77 which was Rs.3.33 crore in the corresponding quarter of the previous fiscal year.
UFL’s net interest income has increased to Rs.17.80 Crore in Q2 as compared to Rs.14.01 Crore in the corresponding quarter of the last fiscal year.
As of Q2, it has a paid up capital of Rs.1.04 Arba with a reserve of Rs.24.18 Crore.
The finance also collected deposits of Rs.6.81 Arba till Q2 which increased from Rs.6.55 Arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs.5.74 Arba in Q2 whereas in the same period last year, the figure stood at Rs.5.95 Arba.
UFL’s annualized Earnings per Share (EPS) is Rs.7.91. The finance company’s net worth per share stands at Rs.143.01 and PE stands at 21.10 times.
