Goodwill Finance’s deposits and loans rise in a decent rate despite decrease in net profit; NPL increase to 2.10%
Wed, Aug 1, 2018 2:27 AM on Financial Analysis, Latest, Stock Market,
Goodwill Finance Limited (GFCL) has shown decline in net profit by 31.90% percent in the fourth quarter (Q4) of the fiscal year 2074/75.
Publishing the unaudited financial report for the last quarter today, the finance company stated that its net profit declined to Rs 6.54 crore in the Q4 of fiscal year 2074/75, from Rs 9.61 crore in the corresponding period of the previous fiscal year 2073/74.
However, its net interest income has fallen from Rs 16.22 crore in corresponding quarter to Rs 15.44 crore in the Q4 in fiscal year.
Its paid up capital remains at Rs 80.00 crore with reserve of Rs 17.87 crore in Q4.
The company has collected deposit of Rs 5.42 arba in Q4 of fiscal year 2074/75 from Rs 4.65 arba in the corresponding quarter of the previous fiscal year 2073/74.
The company has borrowings of Rs 30.43 crore in the last quarter, up from Rs 17.50 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 4.76 arba in Q4 whereas in the same period last year the figure stood at Rs 3.71 arba.
Its non-performing loan (NPL) has increased to 2.1% in Q4 from 1.51% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 8.18, net worth per share at Rs 117.55.
Major Highlights:
|
Particulars (In Rs '000) |
GFCL |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
800,000 |
581,665 |
37.54% |
|
Reserve & Surplus |
178,727 |
192,860 |
-7.33% |
|
Deposits |
5,426,454 |
4,650,964 |
16.67% |
|
Borrowings |
304,271 |
175,000 |
73.87% |
|
Loans & Advances |
4,673,265 |
3,719,453 |
25.64% |
|
Net Interest Income |
162,202 |
154,407 |
5.05% |
|
Provision for possible losses |
43,267 |
10,091 |
328.77% |
|
Operating Profit |
74,779 |
103,583 |
-27.81% |
|
Net Profit |
65,423 |
96,074 |
-31.90% |
|
NPL (%) |
2.1 |
1.51 |
39.07% |
|
Annualized EPS (In Rs.) |
8.18 |
16.52 |
-50.49% |
|
Net Worth per Share (In Rs.) |
1.22 |
1.33 |
- |
