Net Profit of Best Finance Company Decreases Massively by 95.10% to Stand at Rs. 59.22 Lakhs in Q1; NPL at 4.40%
Sun, Oct 23, 2022 1:07 PM on Latest, Financial Analysis, Stock Market,
Best Finance Company (BFC) has published its unaudited financials for the first quarter of the fiscal year 2079/80.
The net profit of the company has decreased massively by 95.10% from Rs 12.16 crore in the corresponding quarter of the last fiscal year to Rs. 59.22 Lakhs till Q1 of FY 2079/2080.
The finance company has collected a total deposit of Rs 3.68 Arba which has increased from deposit of Rs 3.60 Arba in corresponding period of FY 2078/2079.
The bank has floated Rs 2.28 arba as loans and advances for the first quarter of the FY 2079/80 – a fall from Rs 3.21 Arba posted in the last year’s corresponding quarter.
Net interest income of the company has increased in this quarter to Rs 3.8 crore from Rs 2.72 crore in the corresponding quarter of last fiscal year.
The Non-Performing Loan (NPL) of finance company is 4.40%, where as the capital adequacy rate is 21.26% for this quarter.
EPS stands at Rs. 2.86 and P/E ratio at 113.86 times.
| Particulars (In Rs '000) | Best Finance Company Ltd | ||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 828,913.79 | 828,913.79 | 0.00% |
| Share Premium | 3,025.36 | 3,025.36 | 0.00% |
| Retained Earnings | -225,258.15 | 196,575.66 | -214.59% |
| Reserves | 509,690.49 | 568,622.51 | |
| Deposits | 3,698,660.10 | 3,605,272.29 | 2.59% |
| Loans & Advances | 2,281,517.31 | 3,218,427.49 | -29.11% |
| Net Interest Income | 38,008.56 | 27,259.10 | 39.43% |
| Personal Expenses | 24,195.67 | 31,820.73 | -23.96% |
| Operating Profit | 17,973.18 | 138,167.69 | -86.99% |
| Net Profit | 5,933.53 | 121,160.58 | -95.10% |
| Capital Adequacy (%) | 21.26 | 25.14 | -15.43% |
| NPL (%) | 4.40 | 4.05 | - |
| Cost of Fund (%) | 10.63 | 7.09 | 49.93% |
| EPS (In Rs.) | 2.86 | 58.47 | -95.10% |
| Net Worth per Share (In Rs.) | 134.68 | 192.68 | -30.10% |
| Qtr end PE Ratio (times) | 113.86 | - | - |
| Qtr End Market Price | 326 | - | - |
