Best Finance publishes its Q4 report; Reports net profit of Rs 4.42 crore
Tue, Jul 24, 2018 2:41 AM on Financial Analysis, Latest, Stock Market,
Best Finance Company (BFC) has also published its unaudited financial for the fourth quarter of the fiscal year 2074/75.
The net profit of the company stands at Rs 4.42 crore which is a huge increment from corresponding period’s loss of Rs 52.81 lakh.
The finance company has collected total deposits of Rs 21 crore which is 109.51% rise from corresponding period’s Rs 10.02 crore. The bank has floated Rs 28.03 crore as loans and advances for the Q4 of the FY 2074/75.
It earned Rs 2.34 crore as net interest income. And it has Rs 30.73 lakh as operating profit.
The paid up capital of the company is Rs 29.75 crore and negative balance in reserve of Rs 7.58 crore.
The annualized EPS of the finance company stands at Rs 14.87 and Net worth per share is Rs 74.49. Recently, Rastra Bank has provided approval for the joint transaction of Best Finance and Synergy Finance Limited (SYFL).
Major Highlights:
|
Particulars (In Rs '000) |
BFC |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
297,513 |
220,195 |
35.11% |
|
Reserve & Surplus |
(75,894) |
(122,340) |
-37.96% |
|
Deposits |
210,011 |
100,238 |
109.51% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
280,397 |
200,084 |
40.14% |
|
Net Interest Income |
23,405 |
19,526 |
19.87% |
|
Provision for possible losses |
5,382 |
7,326 |
-26.54% |
|
Operating Profit |
3,073 |
(23,093) |
-113.31% |
|
Net Profit |
44,255 |
(5,281) |
-938.00% |
|
NPL (%) |
49.29 |
84.93 |
-41.96% |
|
Annualized EPS (In Rs.) |
14.87 |
(2.40) |
-720.22% |
|
Net Worth per Share (In Rs.) |
74.49 |
44.44 |
67.62% |
|
P/E Ratio (In times) |
8.27 |
- |
- |
