Despite of Covid-19 fear and lockdown ICFC finance published Q3 report; Net profit decline by meager 2%
Tue, Apr 28, 2020 6:23 AM on Financial Analysis, Latest, Stock Market,
ICFC Finance Limited (ICFC) has published unaudited financial report for the third quarter. It has stated that net profit has decreased by meager 2.01% to Rs 10.73 crore in the third quarter of fiscal year 2076/77.
It has increased deposits from customers by 6.33% (compared to immediate previous year ending) to Rs 11.62 arba in the Q3. Likewise, it extended loans of Rs 9.07 arba with 11.41% growth (compared to immediate previous year ending) from last quarter.
ICFC’s net interest income has increased from Rs 26.70 crore in the corresponding quarter last year to Rs 32.71 crore in the third quarter of fiscal year 2076/77. Its operating profit has decreased to Rs 15.29 crore in Q3, from Rs 15.63 crore in corresponding quarter.
It has paid up capital of Rs 92.65 crore with reserve and surplus of Rs 39.07 crore till the Q3. The finance companies’ non-performing loan (NPL) increased to 0.65% from 0.38%.
The Net worth per share stands at Rs 142.18 and annualized EPS stands at Rs 15.45.
Major Highlights:
* 2075/76 figure are of Immediate Previous Year Ending.
|
Particulars (In Rs '000) |
ICFC Finance |
||
|---|---|---|---|
|
Q3 2076/77 |
Q3 2075/76 |
Difference |
|
|
Share Capital* |
926,502 |
882,172 |
5.03% |
|
Share Premium* |
|
|
|
|
Retained Earnings* |
117,768 |
125,080 |
-5.85% |
|
Reserves* |
272,990 |
272,990 |
0.00% |
|
Deposits from Customers* |
11,624,424 |
10,932,872 |
6.33% |
|
Loans & Advances to customers* |
9,075,066 |
8,145,519 |
11.41% |
|
Net Interest Income |
327,184 |
267,000 |
22.54% |
|
Fee and Commission Income |
63,482 |
64,444 |
-1.49% |
|
Impairment Charge/(Reversal) |
56,699 |
30,866 |
- |
|
Personnel Expenses |
103,134 |
98,115 |
5.11% |
|
Operating Profit |
152,996 |
156,336 |
-2.14% |
|
Profit/(Loss) for the Year |
107,370 |
109,577 |
-2.01% |
|
Total Comprehensive Income |
107,370 |
109,577 |
-2.01% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
865,959 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
14.44 |
12.81 |
12.72% |
|
NPL |
0.65 |
0.38 |
71.05% |
|
CCD (as per NRB Directives) |
73.97 |
72.92 |
1.44% |
|
Cost of Fund (%) |
9.29 |
9.15 |
1.53% |
|
Base Rate (%) |
10.9 |
11.25 |
-3.11% |
|
Annualized EPS (In Rs.) |
15.45 |
16.56 |
-6.70% |
|
Net Worth per Share (In Rs.) |
142.18 |
145.12 |
-2.03% |
|
Qtr End PE Ratio (times) |
10.94 |
- |
- |
|
Qtr End Market Price |
169 |
- |
- |
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