Goodwill Finance records slight increment in net profit in Q2; Srijana Finance’s performance boosts by a huge margin

Mon, Jan 28, 2019 11:22 AM on Financial Analysis, Latest, Stock Market,

Goodwill Finance Limited (GFCL) has shown slight increment in net profit by 4.40% percent in the second quarter (Q2) of the fiscal year 2075/76.

Publishing the unaudited financial report for the second quarter today, the finance company stated that its net profit increased to Rs 3.22 crore in the Q2 of fiscal year 2075/76, from Rs 3.08 crore in the corresponding period of the previous fiscal year 2074/75.

Similarly, its net interest income has increased from Rs 6.81 crore in corresponding quarter to Rs 11.78 crore in the Q2 of this fiscal year.

Its paid up capital remains at Rs 80.00 crore with reserve of Rs 15.68 crore in Q2.

The company has collected deposit of Rs 6.26 arba in Q2 of fiscal year 2075/76 increasing from Rs 4.79 arba in the corresponding quarter of the previous fiscal year 2074/75.

The company has borrowings of Rs 62.66 crore in the second quarter, up from Rs 28.20 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 5.37 arba in Q2 whereas in the same period last year the figure stood at Rs 4.07 arba.

Its annualized earning per share (EPS) stands at Rs 8.06, net worth per share at Rs 119.61.

Major Highlights:

Particulars (In Rs '000)

GFCL

Q2 2075/76

Q2 2074/75

Difference

Paid Up Capital

800,000

800,000

0.00%

Reserve & Surplus

156,870

148,693

5.50%

Deposits

6,263,172

4,798,772

30.52%

Borrowings

626,672

282,000

122.22%

Loans & Advances

5,375,817

4,077,968

31.83%

Net Interest Income

117,841

68,166

72.87%

Provision for possible losses

90,083

2,474

3541.20%

Operating Profit

11,776

44,784

-73.70%

Net Profit

32,242

30,884

4.40%

NPL (%)

0.85

2.21

-61.54%

Annualized EPS (In Rs.)

8.06

7.72

4.40%

Net Worth per Share (In Rs.)

119.61

118.59

0.86%

P/E Ratio (In times)

15.01

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Srijana Finance Limited (SFFIL) has registered profit of Rs 4.28 crore in the second quarter (Q2) of the current fiscal year 2075/76.

According to the unaudited financial report published by the finance company today, its net profit has increased to Rs 4.28 crore in second quarter from net profit of Rs 3.55 crore in the corresponding quarter of the last fiscal year 2074/75.

Srijana Finance’s net interest income has fallen to Rs 6.12 crore in the second quarter as compared to Rs 8.27 crore in the corresponding quarter. Its paid up capital and reserves remains at Rs 40.06 crore and Rs 14.08 crore respectively.

The finance company also amassed huge amount of deposits in the Q2 of the current fiscal year. Deposits collection reached Rs 5.99 arba in Q2 from Rs 4.28 arba in the corresponding period last year.

Likewise, it has extended loans and advances of Rs 4.15 arba in Q2 whereas in the same period last year, the figure stood at Rs 3.23 arba.

Its non-performing loan has decreased to 3.25 percent in Q2 from 3.35 percent in the previous year’s report.

Annualized Earnings per share (EPS) of SFFIL stands at Rs 18.59 and Net Worth per share is at Rs 130.56.

Major Highlights:

Particulars (In Rs '000)

SFFIL

Q2 2075/76

Q2 2074/75

Difference

Paid Up Capital

460,782

400,680

15.00%

Reserve & Surplus

140,816

114,147

23.36%

Deposits

5,993,155

4,281,785

39.97%

Borrowings

400,000

-

-

Loans & Advances

4,159,548

3,235,600

28.56%

Net Interest Income

61,201

82,758

-26.05%

Provision for possible losses

40,412

35,125

15.05%

Operating Profit

67,298

55,800

20.61%

Net Profit

42,826

35,509

20.61%

NPL (%)

3.25

3.35

-2.99%

Annualized EPS (In Rs.)

18.59

17.72

4.87%

Net Worth per Share (In Rs.)

130.56

128.49

1.61%

P/E Ratio (In times)

12.16

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