ICFC Finance Limited (ICFC) has registered massive fall in net profit by 60.41 percent in the first quarter (Q1) of the fiscal year 2074/75.
As per the unaudited report for the first quarter, the finance’s net profit has fall to Rs. 2.61 crore in the first quarter of fiscal year 2074/75 from Rs 3.76 crore reported in the same quarter of the fiscal year 2073/74.
The finance has collected Rs 7.12 arba in deposits and disbursed Rs 5.65 arba in loans in Q1 as compared to Rs 5.99 arba in deposits and Rs 4.71 arba in loans in the corresponding quarter last year.
ICFC Finance has already reached NRB’s minimum paid up capital requirement of Rs 80 crore. Its paid up has reached Rs 80.17 crore with a reserve of Rs 27.24 crore.
Its Earning per Share (EPS) stands at Rs 13.06, net worth per share is at Rs 38.60 and P/E ratio at 18.22 times.
Major Highlights:
| Particulars (In Rs '000) |
ICFC Finance (ICFC) |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
801,784 |
685,285 |
17.00% |
| Reserve & Surplus |
291,023 |
343,412 |
-15.26% |
| Deposits |
7,123,180 |
5,995,292 |
18.81% |
| Borrowings |
- |
1,830,115 |
-100.00% |
| Loans & Advances |
5,659,937 |
4,717,628 |
19.97% |
| Net Interest Income |
47,654 |
63,919 |
-25.45% |
| Provision for possible losses |
3,242 |
963 |
236.66% |
| Operating Profit |
12,745 |
37,664 |
-66.16% |
| Net Profit |
26,178 |
66,125 |
-60.41% |
| NPL (%) |
0.58 |
1.6 |
-63.75% |
| Annualized EPS (In Rs.) |
13.06 |
38.60 |
-66.16% |
| Net Worth per Share (In Rs.) |
136.30 |
150.11 |
-9.20% |
| P/E Ratio (In times) |
18.22 |
- |
- |
