Best Finance registered an operational loss of Rs 8 crore; its EPS stands at mere Rs 1.99; Know the details of Q1 result
Mon, Nov 12, 2018 10:20 AM on Financial Analysis, Latest, Stock Market,
Best Finance Company (BFC) has published its unaudited financials for the first quarter of the fiscal year 2075/76. The net profit of the company has decreased by 82% from Rs 2.35 crore in the corresponding quarter of the last fiscal year to Rs 40.40 lakhs in Q1 of FY 2075/2076. The finance company has collected a total deposits of Rs 2.28 arba which is 1788.28% more than the deposit of Rs 12.12 crore in corresponding period of FY 2074/2075. The bank has floated Rs 1.99 arba as loans and advances for the Q1 of the FY 2075/76. Net interest income of the company has increased by more than 950% in this quarter to Rs 2.7 crore from Rs 26.19 lakhs in the corresponding quarter of last fiscal year.
|
Financials (Rs in 000) |
Q1 of 2075/76 |
Q1 of 2074/75 |
Change |
|
Paid-up |
810,016 |
220,195 |
267.86% |
|
Reserve & Surplus |
-192,519 |
-91,965 |
|
|
Deposits |
2,288,494 |
121,200 |
1788.28% |
|
Loan & Advances |
1,998,327 |
190,181 |
950.75% |
|
Net Interest Income |
27,738 |
2,619 |
959.11% |
|
Operating Profit |
-80,850 |
-1,122 |
|
|
Write Back of Provision for Possible Losses |
89,579 |
26,653 |
236.09% |
|
Net Profit |
4,040 |
23,527 |
-82.83% |
|
NPL to total Loan (%) |
20.50 |
84 |
-75.56% |
The company is losing through its operation. The company has registered an operating loss of Rs 8.08 crore in this quarter compared to Rs 11 lakhs loss in the corresponding quarter of last fiscal year. The paid-up capital of the company has increased by more than 200% to Rs 81.01 crore in this quarter from Rs 22 crore in the same quarter of last fiscal year. The company has a negative Rs 19.25 crore balance in reserve. The company has managed to make a profit from the write-back of Rs 8.9 crore. The company's NPL to total loan is comparatively high at 20.50% though it has decreased by more than 75% from the corresponding quarter of FY 2074/2075.
The annualized EPS of the finance company stands at Rs 1.99, P/E ratio is 214.56 times and Net worth per share is Rs 76.23.
The company's stock price stands at Rs 100.
