November 19, 2021 | Investopaper
Profit is the major indicator for any business operation. Higher profitability is associated with the success of the business venture. Net Profit is the income available for the distribution to the shareholders after deducting all the operating expenses along with taxes. Hence, it is essential that the company generates decent profit in order to provide adequate return on investment to the shareholders.
Note: The profit of finance companies is based on the unaudited first quarterly report of the fiscal year 2078/79. After the audit, the numbers may vary.
The table below ranks the finance companies of Nepal based on the Net profit.
Net Profit Of Finance Companies In Nepal
|S.N.||Finance Company||Stock Symbol||Net Profit (Rs)|
|1||Best Finance Company Ltd.||BFC||12.12|
|2||Goodwill Finance Co. Ltd.||GFCL||7.12|
|3||ICFC Finance Limited||ICFC||4.77|
|4||Progressive Finance Limited||PROFL||3.37|
|5||Manjushree Finance Ltd.||MFIL||2.87|
|6||Janaki Finance Ltd.||JFL||2.80|
|7||Shree Investment Finance Co. Ltd.||SIFC||2.78|
|8||Reliance Finance Ltd.||RLFL||2.19|
|9||Gurkhas Finance Ltd.||GUFL||1.66|
|10||Guweshowori Merchant Bank & Finance Co. Ltd.||GMFIL||1.58|
|11||Central Finance Co. Ltd.||CFCL||1.37|
|12||Nepal Finance Ltd.||NFS||0.35|
|13||Samriddhi Finance Company Limited||SFCL||0.27|
|14||Pokhara Finance Ltd.||PFL||0.13|
|15||Multipurpose Finance Company Limited||MPFL||0.02|
Source: unaudited Q1 report, FY 2078/79
As presented in the table above, Best Finance Company has the highest profit of Rs. 12.22 crores. Goodwill Finance Co. Ltd is second with a profit of Rs 7.12 crores. Similarly, ICFC Finance has the profit of Rs 4.77 crores. On the other hand, Multipurpose Finance Company has the lowest profit of Rs 2.1 lakhs.
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