United Finance reports 24% rise in profit in the second quarter
January 27, 2020 | Investopaper
United Finance has reported a below average performance in the second quarter of the fiscal year 2076/77. With the profit of Rs. 4.12 crores, Earnings Per Share (EPS) is at Rs. 7.91. The current capital of the finance is Rs. 104.08 crores while the reserve & surplus is Rs. 44.75 crores.
Until the second quarter of the fiscal year 2076/77, the finance has collected a deposit of Rs. 6.82 Arba and floated the loans of Rs. 5.74 Arba.
The second quarter report of United Finance is summarized in the table below:
| HEADINGS | 2nd QTR, 2076/77 | 4th QTR, 2075/76 | Percent Change |
| PAID UP CAPITAL (Rs. In crores) | 104.08 | 101.05 | 3.00 |
| RESERVE & SURPLUS(Rs. In crores) | 44.75 | 51.28 | -12.73 |
| DEPOSITS (Rs. In Arba) | 6.82 | 6.56 | 3.96 |
| LOANS (Rs. In Arba) | 5.74 | 5.95 | -3.53 |
| HEADINGS | 2nd QTR, 2076/77 | 2nd QTR, 2075/76 | Percent Change |
| NET INTEREST INCOME (Rs. In crores) | 17.80 | 14.01 | 27.05 |
| PROFIT (Rs. In crores) | 4.12 | 3.33 | 23.72 |
| DISTRIBUTABLE PROFIT (Rs. In crores) | 2.19 | – | – |
| NON PERFORMING LOANS, NPL (%) | 1.29 | 0.99 | 30.30 |
| BASE RATE(%) | 12.34 | 12.56 | -1.75 |
| EARNINGS PER SHARE, EPS (Rs.) | 7.91 | ||
| NETWORTH PER SHARE (Rs.) | 143.01 | ||
| MARKET PRICE PER SHARE (Rs.) [Poush end] | 167 |
Note: The above figures are based on the unaudited second-quarter report published by United Finance. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.
