Synergy Finance reports decrease in profit by 52.72%; Net worth per share stands at Rs 71.81
Fri, Jul 27, 2018 2:11 AM on Financial Analysis, Latest, Stock Market,
Synergy Finance Limited (SYFL) has reported significant fall in net profit at Rs 5.22 crore along with significant fall in EPS at Rs 11.02 for the fourth quarter of the fiscal year 2074/75.
Unaudited financial report of SYFL is circulated today; has reported extremely decreased of net profit to Rs 5.22 crore in last quarter of fiscal year 2074/75 from Rs 11.06 crore reported in the corresponding quarter of the previous fiscal year 2073/74 with extremely decreased Earning per Share (EPS) at Rs 11.02.
It’s extended loans of Rs 1.71 arba from Rs 1.67 arba. Its deposits collection has increased to Rs 2.02 arba in the last quarter of the FY 2074/75. It has paid up capital of Rs 47.44 crore with diminished reserve at Rs 13.37 crore in Q4.
Net Interest income is the primary source of income for finance company. SYFL’s net interest income has immensely fallen from Rs 12.91 crore in the corresponding quarter last year to Rs 10.52 crore in the fourth quarter of fiscal year 2074/75. Its operating loss has increased to (Rs 21.23) crore in Q4, from (Rs 16.65) crore in corresponding quarter.
The finance company’s non-performing loan (NPL) has decreased to 11.02 percent in the fourth quarter. Currently, Net worth per share stands at Rs 71.81 and P/E ratio at 14.06 times.
Major Highlights:
|
Particulars (In Rs '000) |
SYFL |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
474,409 |
474,409 |
0.00% |
|
Reserve & Surplus |
(133,716) |
(186,006) |
-28.11% |
|
Deposits |
2,025,153 |
1,864,578 |
8.61% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
1,710,136 |
1,678,114 |
1.91% |
|
Net Interest Income |
105,259 |
129,110 |
-18.47% |
|
Provision for possible losses |
217,564 |
195,918 |
11.05% |
|
Operating Profit |
(212,236) |
(166,582) |
27.41% |
|
Net Profit |
52,290 |
110,606 |
-52.72% |
|
NPL (%) |
18.33 |
23.44 |
-21.80% |
|
Annualized EPS (In Rs.) |
11.02 |
23.31 |
-52.72% |
|
Net Worth per Share (In Rs.) |
71.81 |
60.79 |
18.13% |
|
P/E Ratio (In times) |
14.06 |
- |
|
