United Finance Records Plain Growth

Apr 26, 2019 Merolagani

United Finance has earned a net profit of Rs 51.2 million in the third quarter of the current FY. In the corresponding period of the last FY, the company earned Rs 50.7 million in net profit.

During the period, the company raised its paid-up capital to Rs 1.01 billion by selling 2.1 million units of promoter shares to Muthoot Finance, headquartered at Kochi, India.

Similarly, the company doubled its reserve fund to Rs 421.9 million from earlier Rs 210.9 million.

In the review period, the company collected deposit of Rs 6.26 billion and extended loan of Rs 5.52 billion. The company increased its net interest income by 30 percent to Rs 206.3 million during the period.

Moreover, the company has bad debt ratio of 1.18 percent, EPS of Rs 6.76, net worth per share of Rs 141.76 and P/E ratio of 28.84 times.

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