Samriddhi Finance Limited has posted a net profit of Rs. 3.19 crore in the fourth quarter, signaling potential improvement after a prolonged loss-making period.
Financial Performance
The companyтАЩs latest financial report shows:
- Net Profit: Rs. 3.19 crore (Q4)
- Deposit Growth: Up by 13.72%
- Loan Investment Growth: Up by 9.62%
- Non-Performing Loan (NPA) Ratio: Reduced from 19.93% to 9.66%
- Earnings Per Share (EPS): Rs. 3.90
Operational Outlook
Despite its small operational size and past losses due to high NPA levels, Samriddhi Finance has committed to gradually expanding its business and moving toward consistent operating profits.
Merger and Future Plans
The finance company has signed a merger agreement with Pokhara Finance Limited. Post-merger, the institution aims to become a stronger, more reliable, and financially robust finance company, with the goal of providing maximum returns to its shareholders.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
