Central Finance reports massive rise in profit in Q1; EPS and Net worth per share stand at Rs 3.57 and Rs 121.49 respectively

Tue, Nov 13, 2018 8:35 AM on Financial Analysis, Latest, Stock Market,

Central Finance Company Limited (CFCL)’s net profit has massively increased by 243.55 percent for the first quarter of FY 2075/76.

The published unaudited financial report today has stated that the net profit has increased from Rs 21.40 lakhs to Rs 73.52 lakhs.

The finance has accumulated deposits of Rs 3.18 arba with the growth of 10.79 percent while its paid up capital is at Rs 82.33 crore. The reserve and surplus have increased from Rs 15.94 crore to Rs 17.69 crore with the growth of 10.99 percent.

Earning per Share (EPS) of the finance stood at Rs 3.57 while its Net worth per Share is at Rs 121.49.

Major Highlights:

Particulars (In Rs '000)

CFCL

Q1 2075/76

Q1 2074/75

Difference

Paid Up Capital

823,398

520,663

58.14%

Reserve & Surplus

176,989

159,458

10.99%

Deposits

3,181,019

2,871,209

10.79%

Borrowings

21,409

19,479

9.91%

Loans & Advances

3,181,019

2,871,209

10.79%

Net Interest Income

20,291

11,980

69.37%

Provision for possible losses

1,809

655

176.18%

Operating Profit

10,950

3,364

225.51%

Net Profit

7,352

2,140

243.55%

NPL (%)

0.71

1.87

-62.03%

Annualized EPS (In Rs.)

3.57

1.64

117.24%

Net Worth per Share (In Rs.)

121.49

130.63

-6.99%