Progressive Finance reports net profit of Rs 1.78 crore; Annualized EPS reported at Rs 33.95 in the first quarter
Sun, Oct 28, 2018 6:29 AM on Financial Analysis, Latest, Stock Market,
Progressive Finance Limited (PROFL) has registered a net profit in the first quarter of the FY 2075/76.
According to the unaudited financial report published by the finance company, its net profit has increased to Rs. 1.78 crore in first quarter, up from loss of Rs. 1.09 crore in the corresponding quarter of the previous fiscal year.
PROFL’s net interest income has fallen to Rs.48.72 lakh in Q1 as compared to Rs.86.67 lakh in the corresponding quarter of the last fiscal year.
As of Q1, it has a paid up capital of Rs.21 crore with a reserve of Rs 8.55 crore.
The bank also collected deposits of Rs 70.75 crore in Q1, up from Rs 64.48 crore in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 61.06 crore in Q1 whereas in the same period last year, the figure stood at Rs. 57.87 crore.
Progressive Finance’s EPS stands at Rs 33.95 with net worth per share standing at Rs 140.76.
Major Highlights:
|
Particulars (In Rs '000) |
PROFL |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
210,000 |
210,000 |
0.00% |
|
Reserve & Surplus |
85,591 |
- |
- |
|
Deposits |
707,522 |
644,820 |
9.72% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
610,602 |
578,779 |
5.50% |
|
Net Interest Income |
4,872 |
8,667 |
-43.79% |
|
Provision for possible losses |
5,915 |
14,764 |
-59.93% |
|
Operating Profit |
-6,548 |
-6,981 |
-6.20% |
|
Net Profit |
17,822 |
-10,953 |
- |
|
NPL (%) |
1.91 |
2.44 |
-21.72% |
|
Annualized EPS (In Rs.) |
33.95 |
-20.86 |
-262.71% |
|
Net Worth per Share (In Rs.) |
140.76 |
- |
- |
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