See the highlights from Q2 report of ICFC Finance; EPS falls to Rs 13.99
Fri, Jan 25, 2019 8:58 AM on Financial Analysis, Latest, Stock Market,
ICFC Finance Limited (ICFC) has published unaudited financial report for the second quarter today. It has stated that net profit has reduced to Rs 6.17 crore in second quarter of fiscal year 2075/76 from Rs 7.18 crore reported in the corresponding quarter of the previous fiscal year 2074/75 with diminished Earning per Share (EPS) at Rs 13.99.
The finance has borrowings of Rs 2.07 crore. Likewise, it extended loans of Rs 7.60 arba which was Rs 6.06 arba in the corresponding quarter. It has increased collected deposits of Rs 9.02 arba in the second quarter of the current fiscal year. It has paid up capital of Rs 88.22 crore with decreased reserve at Rs 27.41 crore in Q2.
Net Interest income is the primary source of income for finance company. ICFC’s net interest income has increased from Rs 12.15 crore in the corresponding quarter last year to Rs 16.46 crore in the second quarter of fiscal year 2075/76. Its operating profit has increased to Rs 7.91 crore in Q2, from Rs 5.21 crore in corresponding quarter.
The finance companies’ non-performing loan (NPL) has increased to 0.32 percent in the second quarter. The Net worth per share stands at Rs 131.08.
Major Highlights:
|
Particulars (In Rs '000) |
ICFC |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
882,172 |
882,172 |
0.00% |
|
Reserve & Surplus |
274,141 |
256,480 |
6.89% |
|
Deposits |
9,020,329 |
7,577,386 |
19.04% |
|
Borrowings |
2,072,098 |
327,100 |
- |
|
Loans & Advances |
7,605,200 |
6,068,281 |
25.33% |
|
Net Interest Income |
164,646 |
121,522 |
35.49% |
|
Provision for possible losses |
22,309 |
14,485 |
54.01% |
|
Operating Profit |
79,141 |
52,183 |
51.66% |
|
Net Profit |
61,707 |
71,810 |
-14.07% |
|
NPL (%) |
0.32 |
0.16 |
100.00% |
|
Annualized EPS (In Rs.) |
13.99 |
16.28 |
-14.07% |
|
Net Worth per Share (In Rs.) |
131.08 |
129.07 |
1.55% |
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