Goodwill Finance reports exceptional growth in the fourth quarter; net profits grow by 164%

Sun, Aug 18, 2019 1:25 PM on Financial Analysis, Latest,
Goodwill F...

Goodwill Finance Limited (GFCL) has shown increment in net profit by 164.11% percent in the fourth quarter (Q4) of the fiscal year 2075/76.

Publishing the unaudited financial report for the third quarter today, the finance company stated that its net profit increased to Rs 15.16 crore in the Q4 of fiscal year 2075/76, from Rs 5.74 crore in the corresponding period of the previous fiscal year 2074/75.

Similarly, its net interest income has increased from Rs 16.35 crore in corresponding quarter to Rs 24.93 crore in the Q4 of this fiscal year.

Its paid up capital remains at Rs 80 crore with reserve of Rs 37.25 crore in Q4.

The company has collected deposit of Rs 6.89 arba in Q4 of fiscal year 2075/76 increasing from Rs 5.42 arba in the corresponding quarter of the previous fiscal year 2074/75. Likewise, it has extended loans and advances of Rs 5.78 arba in Q4 whereas in the same period last year the figure stood at Rs 4.38 arba.

Its annualized earning per share (EPS) stands at Rs 18.96, net worth per share at Rs 157.56. The finance company posted annualized PE Ratio of 7.12 times.