Goodwill Finance brings in growth in net interest income to Rs 5.85 crore whereas decline in net profit to Rs 1.04 crore

 Goodwill Finance Limited (GFCL) has shown decline in net profit by 13.29% percent in the first quarter (Q1) of the fiscal year 2075/76.

Publishing the unaudited financial report for the first quarter today, the finance company stated that its net profit declined to Rs 1.04 crore in the Q1 of fiscal year 2075/76, from Rs 1.20 crore in the corresponding period of the previous fiscal year 2074/75.

Similarly, its net interest income has increased from Rs 2.90 crore in corresponding quarter to Rs 5.85 crore in the Q1 in fiscal year.

Its paid up capital remains at Rs 80.00 crore with reserve of Rs  18.47 crore in Q1.

The company has collected deposit of Rs 5.60 arba in Q1 of fiscal year 2074/75 from Rs 4.66 arba in the corresponding quarter of the previous fiscal year 2075/76.

The company has borrowings of Rs 37.89 crore in the first quarter, up from Rs 17.95 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 4.94 arba in Q1 whereas in the same period last year the figure stood at Rs 3.90 arba.

Its annualized earning per share (EPS) stands at Rs 5.23, net worth per share at Rs 123.10