The growth in net profit can be attributed to less provision for possible loss and recovery of huge non-performing loans.
In the review period, the net interest income of the company grew by 34.48 percent and operating profit by 292.94 percent.
During the period, it increased its paid-up capital by 40.21 percent and reserve fund by 61.52 percent. The company increased its borrowings by 43.03 percent, deposits by 18.57 percent and loan extensions by 38.16 percent.
The company logged EPS of Rs 43.78, P/E ratio of 49.79 times and net worth per share of Rs 216.75.
