Minimal allocation of fund in provision for possible losses and recovery of huge bad debt can be attributed to the increase in the net profit.
In the review period, the net interest income of the company increased by 72.51 percent and operating profit by 241.14 percent. Similarly, its recovered bad debt of Rs 42.5 million during the period.
In the review period, the company raised its paid-up capital by 30.47 percent and reserve fund by 390.43 percent. Its borrowing increased by 33.64 percent, deposits by 62.34 percent and loan extensions by 77.48 percent.
The company logged EPS of Rs 52.73, net worth per share of Rs 180.02 and P/E ratio of 53.38 times.