Progressive Finance earns Rs 35.47 lakh net profit in the fourth quarter; Net worth stands at Rs 105.70
Sun, Jul 29, 2018 1:40 AM on Financial Analysis, Latest, Stock Market,
Progressive Finance Limited (PROFL) has registered a net profit in the last quarter, in spite of the operating loss in the FY 2074/75.
According to the unaudited financial report published by the finance company, its net profit has decreased to Rs. 35.47 lakh in fourth quarter, down from Rs. 1.40 crore in the corresponding quarter of the previous fiscal year.
PROFL’s net interest income has risen to Rs.3.02 crore in Q4 as compared to Rs.3.01 crore in the corresponding quarter of the last fiscal year.
As of Q4, it has a paid up capital of Rs.21 crore with a reserve of Rs 1.19 crore.
The bank also collected deposits of Rs 78.46 crore in Q4, up from Rs 54.67 crore in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 51.02 crore in Q4 whereas in the same period last year, the figure stood at Rs. 60.51 crore.
Progressive’s annualized Earnings per Share (EPS) has decreased by 74.73% to Rs 1.69 per share. Its net worth per share stands at just Rs 105.70, with P/E ratio at 81.7 times.
Major Highlights:
|
Particulars (In Rs '000) |
PROFL |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
210,000 |
210,000 |
0.00% |
|
Reserve & Surplus |
11,977 |
9,652 |
24.08% |
|
Deposits |
784,638 |
546,721 |
43.52% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
510,272 |
605,159 |
-15.68% |
|
Net Interest Income |
30,275 |
30,196 |
0.26% |
|
Provision for possible losses |
18,476 |
9,925 |
86.17% |
|
Operating Profit |
(4,539) |
8,909 |
-150.95% |
|
Net Profit |
3,547 |
14,036 |
-74.73% |
|
Annualized EPS (In Rs.) |
1.69 |
6.68 |
-74.73% |
|
Net Worth per Share (In Rs.) |
105.70 |
104.60 |
1.06% |
|
P/E Ratio (In times) |
81.7 |
- |
- |
.png)
