ICFC Finance Reports Decline In Net Profit By 14%
January 25, 2019 | Investopaper
ICFC Finance has published its second-quarter report of FY 2075/76 today. The unaudited report shows a 14.07% decline in its net profit as compared to last year’s corresponding quarter. The net profit stands at Rs.6.17 for this quarter. Last year, the finance made a profit of Rs.7.18 crores in the second quarter.
The paid-up capital stands at Rs. 88.21 crores. Similarly, reserve & surplus is at Rs. 27.41 crores. The finance has deposits of Rs. 9.02 Arab & loans and advances of Rs. 7.61 Arab. Also, the company reported a net interest income of Rs. 16.46 crores in this period which is 35.49% more than previous year’s 2nd quarter.
The nonperforming loan stands at 0.32%. Annualized EPS is at Rs. 7. The base rate is 11.68%.
