Best Finance has published first quarter report of FY 2075/76. It has reported decline in net profit by 82.83% in comparing period.
As per the published report, the finance has reported decrease in net profit to Rs.40.40 lakh in this Q1 of Fiscal year 2075/76 from Rs.2.35 crore in the same period of last fiscal year 2074/75.
It has collected deposit of Rs.2.28 arba and floated in loan & advances of Rs.1.99 arba in the first quarter of FY 2075/76. In the Q1 of last FY Deposit collection was Rs. 12.12 core and loan disbursement was Rs.19.01 crore.
Its net interest income increased to Rs.2.77 crore in Q1 from Rs.26.19 lakh in the last corresponding quarter. It has operating loss of Rs.8.08 crore in Q1 from the loss of 11.22 lakh in Q1 of last year.
It has able to write back of provision for possible loss of Rs.8.95 crore & provision for possible loss of Rs.7.69 crore in Q1.
Its paid up capital is Rs.81.00 crore with negative reserves of Rs.19.25 crore. Paid up capital is increased by 267.86%.
Its non performing loan stands at 20.50% from 83.88% from the last year and Cost of fund at 10.27% and CD ratio stands at 71.78%.
Annualized earning per share is Rs.0.5 and Net worth per share is Rs.76.23 and PE ratio stands at 214.56 times.
