City Express Finance reports massive reduction in net profit by 68% at Rs 3.25 crore while the Net worth stands at Rs 37.88
Fri, Apr 27, 2018 4:51 AM on Financial Analysis, Latest, Stock Market,
City Express Finance Limited (CEFL) has published unaudited financial report for the third quarter today. It has stated that its net profit has massively fallen down to Rs 3.25 crore from Rs 10.15 crore reported in the corresponding quarter of the previous fiscal year 2073/74. Similarly, the Earning per Share (EPS) has diminished to Rs 15.46 from Rs 67.62 last year.
The finance company’s deposit collection has declined to Rs 3.29 crore in the third quarter of the current fiscal year. It has paid up capital of Rs 28.02 crore.
Net Interest income is the primary source of income for a finance company. Due to the decline in deposits and loans and advances, CEFL’s net interest income has immensely diminished from Rs 2.74 lakh in the corresponding quarter last year to negative Rs 45.50 lakh in the third quarter of fiscal year 2074/75.
Currently, Net worth per share stands at Rs 37.88 and P/E ratio at 6.44 times.
|
Particulars (In Rs '000) |
CEFL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
280,225 |
200,225 |
39.96% |
|
Reserve & Surplus |
(223,412) |
(231,225) |
|
|
Deposits |
32,983 |
149,047 |
-77.87% |
|
Loans & Advances |
2,300 |
-100.00% |
|
|
Net Interest Income/(Expenses) |
(4,551) |
274 |
-1760.95% |
|
Provision for possible losses |
114,420 |
-100.00% |
|
|
Operating Profit/(Loss) |
(16,698) |
(122,080) |
|
|
Net Profit |
32,490 |
101,541 |
-68.00% |
|
NPL (%) |
100 |
100 |
|
|
Annualized EPS (In Rs.) |
15.46 |
67.62 |
-77.14% |
|
Net Worth per Share (In Rs.) |
37.88 |
- |
|
|
P/E Ratio (In times) |
6.44 |
- |
|
