ICFC reports net profit of Rs 9.55 crore for Q3 of FY 2075/76; Borrowings rise by 94%
Thu, Apr 25, 2019 3:43 PM on Company Analysis, Financial Analysis, Latest, Stock Market,
ICFC Finance Limited (ICFC) has published unaudited financial report for the third quarter today. It has stated that net profit has increased to Rs 9.55 crore in third quarter of fiscal year 2075/76 from Rs 8.08 crore reported in the corresponding quarter of the previous fiscal year 2074/75 with Earning per Share (EPS) at Rs 14.44.
The finance has borrowings of Rs 1.22 arba. Likewise, it extended loans of Rs 8.03 arba which was Rs 7.6 arba in the corresponding quarter. It has increased collected deposits of Rs 9.85 arba in the third quarter of the current fiscal year. It has paid up capital of Rs 88.22 crore with reserve at Rs 30.79 crore in Q3.
Net Interest income is the primary source of income for finance company. ICFC’s net interest income has increased from Rs 18.67 crore in the corresponding quarter last year to Rs 24.99 crore in the third quarter of fiscal year 2075/76. Its operating profit has increased to Rs 12.87 crore in Q3, from Rs 9.53 crore in corresponding quarter.
The finance companies’ non-performing loan (NPL) has increased to 0.38 percent in the third quarter. The Net worth per share stands at Rs 134.91.
Major Highlights:
| Particulars (In Rs '000) | ICFC | ||
|---|---|---|---|
| Q3 2075/76 | Q3 2074/75 | Difference | |
| Paid Up Capital | 882,172 | 882,172 | - |
| Reserve & Surplus | 307,953 | 265,481 | 16.00% |
| Deposits | 9,858,138 | 8,072,239 | 22.12% |
| Borrowings | 1,222,098 | 627,100 | 94.88% |
| Loans & Advances | 8,036,921 | 7,605,200 | 5.68% |
| Net Interest Income | 249,983 | 186,736 | 33.87% |
| Provision for possible losses | 30,867 | 11,466 | 169.20% |
| Operating Profit | 128,738 | 95,392 | 34.96% |
| Net Profit | 95,519 | 80,814 | 18.20% |
| NPL (%) | 0.38 | 0.56 | -32.14% |
| Annualized EPS (In Rs.) | 14.44 | ||
| Net Worth per Share (In Rs.) | 134.91 | ||
| P/E Ratio (In times) | 10.60 | ||
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