Financial Standing of 18 Finance Companies in Q3

May 16, 2018 Merolagani

Out of the total listed finance companies, 18 companies have published their third quarter financial report of the current FY. Gorkhas Finance, Multipurpose Finance, World Merchant Banking and Finance and Nepal Finance are few such companies that have not published their Q3 till date.

In the third quarter of the current FY, out of the 18 companies, ICFC earned the highest profit of Rs 80.8 million while Progressive Finance occurred loss of Rs 9.7 million.

Similarly, Shree Investment and Finance, Pokhara Finance, Srijana Finance, Lalitpur Finance and United Finance earned profit exceeding Rs 50 million.

Similarly, in the review period, ICFC, United, Goodwill and Guheshwori Finance have met the minimum paid-up capital of Rs 800 million while Central, Manjushree, Pokhara and Reliance have a paid-up capital of above Rs 700 million.

However, Progressive, Lalitpur, Citi Express (former Kuber Merchant), Best (former General Finance) and Hathaway (former Arun Finance has a paid-up capital of below Rs 300 million.

Similarly, Pokhara Finance has maintained the highest reserve of Rs 390 million in the review period while Citi Express have negative balance of Rs 220 million in reserve.

In the third quarter of the current FY, Lalitpur Finance has the highest EPS of Rs 30.64. In the review period, Srijana, Best, Central, Shree Invest, ICFC and Pokhara Finance have EPS of above Rs 10 while Goodwill, Relaince, Jebils Finance have below Rs 5 EPS and Progrossive Finance has negative EPS of Rs 6.

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