ICFC Finance has posted raise in net profit by 41.33% in Q4

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ICFC Finance has published fourth quarter report of FY 2075/76. Net profit has risen by 41.33% in comparing period.

As per the published report, it has reported surge in net profit to Rs.13.89 crore in this Q4 of Fiscal year 2075/76 from Rs.9.34 crore in the same period of fiscal year 2074/75.

It has collected deposit of Rs.10.93 arba from Rs.8.87 arba in last year. It has borrowing of Rs.1.45 arba. It had floated loan & advances of Rs. 8.71 arba in this fourth quarter which was 6.98 arba in Q4 of FY 2074/75.

Its net interest income increased to Rs.35.46 crore in Q4 from Rs.27.23 crore in the last corresponding quarter of FY 2074/75.

Likewise, Operating profit increased to Rs.19.59 crore from the operating profit of Rs.11.78 crore in the FY 2074/75

Its paid up capital is Rs.88.21 crore with reserves of Rs.35.14 crore.  Reserved increased by 65.43% in the comparing period.

Its non performing loan stands at 0.08% from 0.05%. Cost of fund stands at 9.23% and capital adequacy at 11.94%.

Annualized earning per share (EPS) stands at Rs 15.75, Net worth per share at Rs.139.84 and PE ratio at 10.66 times.