Best Finance publishes its Q3 report; shows a great improvement from the corresponding quarter
Sun, Apr 22, 2018 12:45 AM on Financial Analysis, Latest, Stock Market,
Best Finance Company (BFC) has also published its unaudited financial for the third quarter of the fiscal year 2074/75.
The net profit of the company stands at Rs 3.46 crore which is a huge increment from corresponding period’s loss of Rs 45.95 lakh.
The finance company has collected total deposits of Rs 18.76 crore which is 391.42% rise from corresponding period’s Rs 3.81 crore. The bank has floated Rs 25.38 crore as loans and advances for the Q3 of the FY 2074/75.
It earned Rs 1.48 crore as net interest income. However, it has Rs 11.99 lakh as operating loss.
The paid up capital of the company is Rs 28.67 crore and negative balance in reserve of Rs 8.55.
The annualized EPS of the finance company stands at Rs 16.12 and Net worth per share is Rs 71.37. Recently, Best Finance is in the final process of acquiring Synergy Finance Limited (SYFL).
Major Highlights:
|
Particulars (In Rs '000) |
BFC |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
286,699 |
220,195 |
30.20% |
|
Reserve & Surplus |
(85,561) |
(123,410) |
-30.67% |
|
Deposits |
187,664 |
38,188 |
391.42% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
253,812 |
190,098 |
33.52% |
|
Net Interest Income |
14,877 |
13,702 |
8.58% |
|
Provision for possible losses |
4,956 |
9,356 |
-47.03% |
|
Operating Profit |
(1,199) |
(6,116) |
-80.40% |
|
Net Profit |
34,669 |
(25,004) |
-238.65% |
|
NPL (%) |
58.2 |
93.53 |
-37.77% |
|
Annualized EPS (In Rs.) |
16.12 |
(15.14) |
-206.49% |
|
Net Worth per Share (In Rs.) |
71.37 |
- |
- |
|
P/E Ratio (In times) |
12.82 |
- |
- |
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