In the last FY, the company earned Rs 17.3 million in net profit which is 160.87 percent growth compared to the corresponding period of the previous FY.
Increase in net interest income and operating profit as well as recovery of bad debt pulled its net profit up during the period.
In the review period, its net interest income increased by 30.29 percent and operating profit by 104.06 percent. During the period, it maintained provision for possible losses of Rs 42.2 million and recovered bad debt of Rs 7.2 million.
Its reserve fund increased by 32.32 percent. The company increased its borrowing by 26.61 percent, deposits by 16.68 percent and loan extensions by 20.02 times.
Along with net profit, its EPS increased by Rs 8.10 to Rs 13.13. it has net worth per share of Rs 150.51 and P/E ratio of 115.59 times.
