City Express Finance earns Rs 2.54 crore net profit in the fourth quarter; Finance company manages to report net profit despite operating loss of Rs 2.39 crore
Tue, Jul 24, 2018 6:20 AM on Financial Analysis, Latest, Stock Market,
City Express Finance Limited (CEFL) has published unaudited financial report for the fourth quarter today. It has stated that its net profit has increased to Rs 2.54 crore from Rs 1.74 crore reported in the corresponding quarter of the previous fiscal year 2073/74. Similarly, the Earning per Share (EPS) has diminished to Rs 7.69 from Rs 8.74 last year.
The finance company’s deposit collection has increased to Rs 4.66 crore in the last quarter of the fiscal year 2074/75. It has paid up capital of Rs 28.02 crore.
Due the increase in deposits and loans and advances, CEFL’s net interest income has recovered from negative of Rs 3.83 crore in the corresponding quarter last year to negative Rs 18.54 lakh in the fourth quarter of fiscal year 2074/75.
Currently, Net worth per share stands at Rs 16.37 as per the fourth quarter report.
Major Highlights:
|
Particulars (In Rs '000) |
CEFL |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
280,225 |
200,225 |
39.96% |
|
Reserve & Surplus |
(234,361) |
(255,903) |
-8.42% |
|
Deposits |
46,671 |
19,466 |
139.76% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
- |
- |
- |
|
Net Interest Income |
(1,854) |
(38,313) |
-95.16% |
|
Provision for possible losses |
- |
29,626 |
- |
|
Operating Profit |
(23,964) |
(82,484) |
-70.95% |
|
Net Profit |
21,542 |
17,497 |
23.12% |
|
NPL (%) |
100 |
100 |
0.00% |
|
Annualized EPS (In Rs.) |
7.69 |
8.74 |
-12.03% |
|
Net Worth per Share (In Rs.) |
16.37 |
(27.81) |
-158.86% |
.png)
