In the last FY, the company earned a net profit of Rs 118.4 million. The net profit increased by 103.72 percent compared to the corresponding period of the previous FY.
Increase in net interest income and operating profit along with recovery of bad debt helped to increase its net profit.
In the review period, its net interest income increased by 74.25 percent and has operating profit of Rs 79.13 million. During the period, it maintained provision for possible losses of Rs 102.3 million and recovered bad debt of Rs 29.1 million.
Its paid-up capital increased by 19 percnet and reserve fund by 62.59 percent during the period. The company increased its borrowing by 6.80 percent, deposits by 25.07 percent and loan extensions by 23.82 percent.
It logged EPS of Rs 44.43, net worth per share of Rs 165 and P/E ratio of 40.94 times.
