Despite rise In Core Business Revenue, RLFL Records Decline in Net Profit by 55.91% in Q3
Sun, Apr 24, 2022 1:02 PM on Latest, Financial Analysis,
Reliance Finance Limited (RLFL) has published the unaudited quarterly report for the third quarter of FY 2078/79 with a decline in net profit by 55.91%. The company’s net profit stands at Rs. 3.8 Crore compared to a net profit of Rs.8.6 crore posted in the corresponding quarter of the previous year.
The company posted a net interest income of Rs.18.6 Crore compared to Rs.10.7 Crore posted in the corresponding quarter of the previous year. The operating profit stood at Rs 5.4 crore which was Rs. 12.4 Crore last year, having an overall decline of 55.91%.
The share capital of the company stands at Rs. 1.05 Arba by the end of the third quarter. Likewise, the reserves of the company currently stand at Rs. 20.13 Crores and its retained earnings stand at Rs 2.60 crore.
The NPL which was previously 1.88%, currently stands at 3.69%, having an incline of 96.28%. The company posted annualized EPS of Rs.4.85 and its net worth per share stands at Rs.121.70.
Major Highlights:
|
Particulars (In Rs '000") |
Reliance Finance Limited |
||
|---|---|---|---|
|
Q3 2078/79 |
Q3 2077/78 |
Difference |
|
|
Share Capital |
1,053,006 |
915,658 |
15.00% |
|
Share Premium |
1,141 |
1,141 |
|
|
Retained Earnings |
26,035 |
161,622 |
-83.89% |
|
Reserves |
201,314 |
201,180 |
0.07% |
|
Deposits from Customers |
6,255,607 |
5,664,519 |
10.43% |
|
Loans & Advances to customers |
5,118,021 |
4,403,867 |
16.22% |
|
Net Interest Income |
186,163 |
107,183 |
73.69% |
|
Impairment Charge/(Reversal) |
32,961 |
25,750 |
28.00% |
|
Personnel Expenses |
72,513 |
71,131 |
1.94% |
|
Operating Profit |
54,695 |
124,049 |
-55.91% |
|
Profit/(Loss) for the Year |
38,286 |
86,834 |
-55.91% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
7,931 |
|
|
|
Capital Adequacy Ratio (CAR) |
13.05 |
12.17 |
7.23% |
|
NPL |
3.69 |
1.88 |
96.28% |
|
Credit to Deposit Ratio (CD Ratio) |
84.60 |
64.97 |
- |
|
Cost of Fund (%) |
9.14 |
6.96 |
31.32% |
|
Interest Rate Spread (%) |
4.05 |
4.67 |
-13.28% |
|
Base Rate (%) |
12.15 |
9.9 |
22.73% |
|
EPS (In Rs.) |
4.85 |
12.64 |
-61.66% |
|
Net Worth per Share (In Rs.) |
121.70 |
139.75 |
-12.91% |
|
Qtr End PE Ratio (times) |
78.80 |
- |
- |
|
Qtr End Market Price |
382 |
- |
- |
