The company registered good financial performance in the nine-month period ending December 2002. The funds deployed during this period grew 30.2 per cent to Rs 181 crore against Rs 139 crore in the corresponding previous period. The total income earned grew 16.3 per cent to Rs 22.03 crore and the net profit 15.5 per cent to Rs 7.24 crore.
The net profit margin for the period stood at 32.8 per cent against 33.1 per cent registered in the prior period. The capital adequacy ratio, as on 31 December 2002, was 26.09 per cent. For the year ending March 2002, the gross non-performing assets dropped to Rs 1.49 crore from Rs 2.42 crore of the previous year.
Non Performing Assets, as a percentage of funds in use, also came down to 0.84 from 1.53.
