In the review period, the company earned Rs 121.1 million in net profit. The company logged net loss of Rs 8.9 million in the corresponding period of the last FY.
A significant decrease in non-performing loans as wells as the reverse of impairment charge can be attributed to the increase in net profit.
During the period, the non-performing loans of the company declined to 4.05 from 14.26 percent. The company reversed a total of 126.6 million impairment charges by mid-October.
In the review period, the net interest income of the company declined by 3.57 percent, though, it managed to increase its total operating profit by 80.39 percent. The company logged a distributable profit of Rs 272.5 million.
In the review period, the company has a reserve fund of Rs 94.71 percent, deposits by 4.32 percent and loan extensions by 53.11 percent.
The company logged EPS of Rs 58.47, P/E ratio of 7.34 times and net worth per share of Rs 125.35.
