Goodwill Finance publishes unaudited first quarter report for FY 76/77; deposit collection reaches Rs.7.39 Arba

Goodwill Finance Limited (GFCL) has shown increment in net profit by 16.50% percent in the first quarter (Q1) of the fiscal year 2076/77.

Publishing the unaudited financial report for the third quarter today, the finance company stated that its net profit increased to Rs.1.21 Crore in the Q1 of fiscal year 2076/77, from Rs.1.04 Crore in the corresponding period of the previous fiscal year 2075/76.

Similarly, its net interest income has increased from Rs.5.85 Crore in corresponding quarter to Rs.7.45 Crore in the Q1 of this fiscal year.

Its paid up capital remains at Rs.80 Crore with reserve of Rs.32.90 Crore in Q1.

The company has collected deposit of Rs.7.39 Arba in Q1 of fiscal year 2076/77 increasing from Rs.5.60 Arba in the corresponding quarter of the previous fiscal year 2075/76. Likewise, it has extended loans and advances of Rs.5.76 Arba in Q1 whereas in the same period last year the figure stood at Rs.4.76 Arba.

Its annualized earning per share (EPS) stands at Rs.6.09, net worth per share at Rs.158.25. The finance company posted annualized PE Ratio of 21.66 times.