Central Finance net profit stands at Rs 7.93 crore in the fourth quarter; Reserve increases by 90% at Rs 17 crore

Sun, Aug 5, 2018 2:39 AM on Financial Analysis, Latest, Stock Market,

Central Finance Company Limited (CFCL)’s net profit has slightly increased by 1.68 percent for the fourth quarter of FY 2074/75.

The published unaudited financial report today of the finance has stated that the net profit has increased from Rs 7.80 crore to Rs 7.93 crore from corresponding quarter of last FY 2073/74.

The finance has accumulated deposits of Rs 3.18 arba with the growth of 16.54 percent while its paid up capital is at Rs 80.17 crore. The reserve and surplus have increased from Rs 8.94 crore to Rs 17 crore with the growth of 90.12 percent.

Earning per Share (EPS) of the finance stood at Rs 9.90 while its Net worth per Share is at Rs 121.20.

Its P/E ratio is at 11.52 times.

Major Highlights:

Particulars (In Rs '000)

CFCL

Q4 2074/75

Q4 2073/74

Difference

Paid Up Capital

801,748

587,047

36.57%

Reserve & Surplus

170,002

89,419

90.12%

Deposits

3,184,591

2,732,653

16.54%

Borrowings

21,898

15,000

45.99%

Loans & Advances

2,686,612

2,412,998

11.34%

Net Interest Income

152,387

123,153

23.74%

Provision for possible losses

13,742

6,790

102.39%

Operating Profit

107,758

91,380

17.92%

Net Profit

79,396

78,087

1.68%

NPL

0.94

1.86

-49.46%

Annualized EPS (In Rs.)

9.90

13.30

-25.55%

Net Worth per Share (In Rs.)

121.20

115.23

5.18%