Best Finance Company has published second quarter report of FY 2075/76.
As per the published report, it has reported increase in net profit to Rs.3.61 crore in this Q2 of Fiscal year 2075/76 from Rs.3.59 crore in the same period of fiscal year 2074/75.
It has collected deposit of Rs.2.33 arba and floated in loan & advances of Rs.2.17 arba in the second quarter. In Q2 of last year it had collected deposit of Rs.17.36 crore & loan flow was Rs.20.49 crore.
Its net interest income increased to Rs.7.82 crore in Q2 from Rs.1.21 crore in the last corresponding quarter. Operating profit increased to Rs.1.23 crore from Rs.2.14 lakh in the last year.
Its paid up capital is Rs.81.00 crore with negative reserves of Rs.16.47 crore
Its non performing loan stands at 21.70% from 72.07% in the last year. Its cost of fund stands at 9.93% and credit to deposit ratio stands at 76.94%. Base rate stand at 14.30%
Annualized earning per share is Rs.4.46, Net worth per share is Rs.79.65 and PE ratio stands at 22.41 times.
