Goodwill Finance’s net profit declines heavily by 53.81%; Deposits decline to Rs 5.12 arba from Rs 5.39 arba
Sun, May 13, 2018 5:24 AM on Financial Analysis, Latest, Stock Market,
Goodwill Finance Limited (GFCL) has shown decline in net profit by 53.81% percent in the third quarter (Q3) of the current fiscal year 2074/75.
Publishing the unaudited financial report for the third quarter today, the finance company stated that its net profit declined to Rs 2.70 crore in the Q3 of current fiscal year 2074/75, from Rs 5.86 crore in the corresponding period of the previous fiscal year 2073/74.
However, its net interest income has fallen from Rs 10.69 crore in corresponding quarter to Rs 9.24 crore in the third quarter in current fiscal year.
Its paid up capital remains at Rs 80.00 crore with reserve of Rs 14.04 crore in Q3.
The company has collected deposit of Rs 5.12 arba in Q3 of current fiscal year 2074/75, from Rs 5.39 arba in the corresponding quarter of the previous fiscal year 2073/74.
The company has borrowings of Rs 27.14 crore in the third quarter, up from Rs 12 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 4.35 arba in Q3 whereas in the same period last year the figure stood at Rs 3.67 arba.
Its non-performing loan (NPL) has increased to 2.99% in Q3 from 1.55% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 4.52, net worth per share at Rs 117.55 and the P/E ratio at 29.23 times.
Major Highlights:
|
Particulars (In Rs '000) |
GFCL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
800,000 |
453,750 |
76.31% |
|
Reserve & Surplus |
140,400 |
155,449 |
-9.68% |
|
Deposits |
5,122,200 |
5,398,736 |
-5.12% |
|
Borrowings |
271,450 |
120,000 |
126.21% |
|
Loans & Advances |
435,863 |
3,671,686 |
-88.13% |
|
Net Interest Income |
92,466 |
106,941 |
-13.54% |
|
Provision for possible losses |
22,249 |
11,236 |
98.02% |
|
Operating Profit |
40,910 |
65,892 |
-37.91% |
|
Net Profit |
27,097 |
58,664 |
-53.81% |
|
NPL (%) |
2.99 |
1.55 |
92.90% |
|
Annualized EPS (In Rs.) |
4.52 |
17.24 |
-73.80% |
|
Net Worth per Share (In Rs.) |
117.55 |
134.26 |
-12.45% |
|
P/E Ratio (In times) |
29.23 |
- |
- |
