Reliance Finance posts loss in the first quarter of FY 75/76; NPL falls from 3.03% to 1.91%
Tue, Nov 20, 2018 10:33 AM on Financial Analysis, Latest, Stock Market,
Reliance Finance Limited has published the unaudited quarterly report for the first quarter of FY 75/76. The company posted an increase of 41% in the paid up capital compared to the corresponding quarter of the previous year. The paid up capital of the company stands at Rs.72.43 Crore by the end of the first quarter. The reserves of the company currently stand at Rs.22.07 Crore. The company paid off all its borrowings by the end of the first quarter. The deposits have increased by 7.5% while the loans have increased by almost 20%.
The company posted net interest income of Rs.2.30 Crore compare to Rs.1.86 Crore posted in the corresponding quarter of the previous year. The company currently is at loss. The operating loss stands at Rs.1.86 Crore while the net loss stands at Rs.1.49 Crore.
The NPL which was previously 3.03%, currently stands at 1.91%. The company posted negative EPS of Rs.2.06 and net worth per share stands at Rs.130.68.
Highlights
|
Particulars (In Rs '000) |
Q1 75/76 |
Q1 74/75 |
Difference |
|---|---|---|---|
|
Paid Up Capital |
724,341 |
512,571 |
41.32% |
|
Reserve & Surplus |
220,764 |
205,660 |
7.34% |
|
Deposits |
3,538,619 |
3,290,768 |
7.53% |
|
Borrowings |
- |
46,600 |
- |
|
Loans & Advances |
3,266,275 |
2,722,402 |
19.98% |
|
Net Interest Income |
23,039 |
18,604 |
23.84% |
|
Provision for possible losses |
28,882 |
42,021 |
-31.27% |
|
Operating Profit |
(18,601) |
(36,636) |
- |
|
Net Profit |
(14,903) |
(27,175) |
- |
|
NPL (%) |
1.91% |
3.03% |
-36.96% |
|
EPS (In Rs.) |
(2.06) |
- |
- |
|
Net Worth per Share (In Rs.) |
130.68 |
- |
- |
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