Goodwill Finance Limited (GFCL) has shown rise in net profit by 3.83% percent in the second quarter (Q2) of the current fiscal year 2074/75.
Publishing the unaudited financial report for the second quarter today, the finance company stated that its net profit rises to Rs 3.08 crore in the Q2 of current fiscal year 2074/75, up from Rs 2.97 crore in the corresponding period of the previous fiscal year 2073/74.
However, its net interest income has fallen from Rs 8.506 crore in corresponding quarter to Rs 6.816 crore in the second quarter in current fiscal year.
Its paid up capital remains at Rs 80.00 crore with reserve of Rs 14.86 crore in Q2.
The company has collected deposit of Rs 4.79 arba in Q2 of current fiscal year 2074/75, up from Rs 3.86 arba in the corresponding quarter of the previous fiscal year 2073/74.
The company has borrowings of Rs 28.20 crore in the second quarter, down from Rs 82.00 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 4.07 arba in Q2 whereas in the same period last year the figure stood at Rs 3.27 arba.
Its non-performing loan (NPL) has increased to 2.21% in Q2 from 1.99% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 7.72, net worth per share at Rs 118.59 and the P/E ratio at 19.04 times.
Major Highlights:
| Particulars (In Rs '000) |
GFCL |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
800,000 |
453,750 |
76.31% |
| Reserve & Surplus |
148,693 |
126,529 |
17.52% |
| Deposits |
4,798,772 |
3,864,883 |
24.16% |
| Borrowings |
282,000 |
820,000 |
-65.61% |
| Loans & Advances |
4,077,968 |
3,271,687 |
24.64% |
| Net Interest Income |
68,166 |
85,065 |
-19.87% |
| Provision for possible losses |
2,474 |
36,727 |
-93.26% |
| Operating Profit |
44,784 |
26,797 |
67.13% |
| Net Profit |
30,884 |
29,744 |
3.83% |
| NPL (%) |
2.21 |
1.99 |
11.06% |
| Annualized EPS (In Rs.) |
7.72 |
13.11 |
-41.11% |
| Net Worth per Share (In Rs.) |
118.59 |
127.89 |
-7.27% |
| P/E Ratio (In times) |
19.04 |
|
|
Q2 Report
Likewise, United Finance Limited (UFL) has shown massive fall in net profit by 81.94% percent in the second quarter (Q2) of the current fiscal year 2074/75.
Publishing the unaudited financial report for the second quarter today, the finance company stated that its net profit falls to Rs 1.04 crore in the Q2 of current fiscal year 2074/75, down from Rs 5.78 crore in the corresponding period of the previous fiscal year 2073/74.
Its net interest income has also fallen from Rs 12.36 crore in corresponding quarter to Rs 9.26 crore in the second quarter in current fiscal year.
Its paid up capital remains at Rs 80.05 crore with reserve of Rs 17.06 crore in Q2.
The company has collected deposit of Rs 5.58 arba in Q2 of current fiscal year 2074/75, up from Rs 5.003 arba in the corresponding quarter of the previous fiscal year 2073/74.
The company has no borrowings in the second quarter which was Rs 50.00 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 4.61 arba in Q2 whereas in the same period last year the figure stood at Rs 4.509 arba.
Its non-performing loan (NPL) has increased to 1.55% in Q2 from 0.48% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 2.61, net worth per share at Rs 121.32 and the P/E ratio at 83.15 times.
Major Highlights:
| Particulars (In Rs '000) |
UFL |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
800,519 |
670,880 |
19.32% |
| Reserve & Surplus |
170,636 |
224,484 |
-23.99% |
| Deposits |
5,581,574 |
5,003,465 |
11.55% |
| Borrowings |
- |
500,000 |
-100.00% |
| Loans & Advances |
4,614,821 |
4,509,491 |
2.34% |
| Net Interest Income |
92,652 |
123,671 |
-25.08% |
| Provision for possible losses |
58,091 |
36,275 |
60.14% |
| Operating Profit |
(10,466) |
58,072 |
-118.02% |
| Net Profit |
10,445 |
57,819 |
-81.94% |
| NPL (%) |
1.55 |
0.48 |
222.92% |
| Annualized EPS (In Rs.) |
2.61 |
17.24 |
-84.86% |
| Net Worth per Share (In Rs.) |
121.32 |
133.46 |
-9.10% |
| P/E Ratio (in times) |
83.15 |
|
|
Q2 Report
