ICFC Finance reports Rs 3.05 crore as net profit till Q1 OF 2076/77; Annualized EPS at Rs 13.86
Mon, Nov 11, 2019 12:33 PM on Financial Analysis, Latest, Stock Market,
ICFC Finance Limited (ICFC) has published unaudited financial report for the first quarter today. It has stated that net profit has decreased by 30.4% to Rs 3.05 crore in the first quarter of fiscal year 2076/77.
Likewise, it extended loans of Rs 8.36 arba with 255.8% growth. It has increased deposits by 29.9% to Rs 11.05 arba in the Q1.
ICFC’s net interest income has increased from Rs 9.13 crore in the corresponding quarter last year to Rs 10.79 crore in the first quarter of fiscal year 2076/77. Its operating profit has decreased to Rs 4.36 crore in Q1, from Rs 6.27 crore in corresponding quarter.
It has paid up capital of Rs 88.21 crore with reserve and surplus of Rs 21.74 crore till the Q1. The finance companies’ non-performing loan (NPL) stands at 0.28%.
The Net worth per share stands at Rs 150 and annualized EPS stands at Rs 13.86.
Major highlights
| Particulars ('000) | ICFC Finance | ||
|---|---|---|---|
| Q1 2076/77 | Q4 2075/76 | Difference | |
| Paid-up capital | 882,172 | 882,172 | |
| Reserves and surplus | 217,468 | 144,957 | 50.0% |
| Retained Earnings | 220,187 | 112,986 | 94.9% |
| Deposits from customers | 11,053,828 | 8,508,499 | 29.9% |
| Loans and advances to customers | 8,366,279 | 6,649,933 | 25.8% |
| Q1 2076/77 | Q1 2075/76 | Difference | |
| Net interest Income | 107,956 | 91,361 | 18.2% |
| Impairmenrt Charge/ (Reversal) | 8,820 | 5,366 | 64.4% |
| Personnel expenses | 33,209 | 34,481 | -3.7% |
| Operating profit | 43,612 | 62,718 | -30.5% |
| Profit/(loss) for the year | 30,577 | 43,932 | -30.4% |
| Total comprehensive income | 30,577 | 43,932 | -30.4% |
| Capital Adequacy Ratio (CAR) | 13.24 | 12.45 | 6.3% |
| NPL | 0.28 | 0.14 | 100.0% |
| Cost of fund | 9.35 | 8.68 | 7.7% |
| Base rate | 10.98 | 12.06 | -9.0% |
| Annualized EPS (Rs) | 13.86 | ||
| Net worth per share (Rs) | 150 | ||
| PE ratio | 11.47 | ||
