Srijana Finance and United Finance report decrease in net profit in the third quarter; EPS stands at Rs 18.58 and Rs 8.46 respectively
Fri, Apr 20, 2018 4:06 AM on Financial Analysis, Latest, Stock Market,
Srijana Finance Limited (SFFIL) has registered profit decline of 32.69 percent in the third quarter (Q3) of the current fiscal year 2074/75.
According to the unaudited financial report published by the finance company today, its net profit has decreased to Rs 5.58 crore in third quarter up from Rs 8.29 in the corresponding quarter of the last fiscal year 2073/74. The operating profit decreased to Rs 8.77 crore from Rs 13.03 crore as compared to the corresponding quarter of last fiscal year.
Srijana Finance’s net interest income has fallen to Rs 12.38 crore in the third quarter as compared to Rs 20.25 crore in the corresponding quarter. Its paid up capital and reserves remains at Rs 40.06 crore and Rs 13.44 crore respectively.
The finance company also amassed huge amount of deposits in the Q3 of the ongoing fiscal year. Deposits collection reached Rs 4.56 arba in Q3 from Rs 2.83 arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs 3.62 arba in Q3 whereas in the same period last year, the figure stood at Rs 2.53 arba.
Its non-performing loan has increased to 3.7 percent in Q3 from 2.46 percent in the previous year’s report.
Annualized Earnings per share (EPS) of SFFIL stands at Rs 18.58 and Net Worth per share is at Rs 133.56.
Major Highlights:
|
Particulars (In Rs '000) |
SFFIL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
400,680 |
302,400 |
32.50% |
|
Reserve & Surplus |
134,478 |
133,690 |
0.59% |
|
Deposits |
4,565,817 |
2,831,686 |
61.24% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
3,623,722 |
2,533,020 |
43.06% |
|
Net Interest Income |
123,881 |
202,503 |
-38.83% |
|
Provision for possible losses |
60,712 |
28,624 |
112.10% |
|
Operating Profit |
87,748 |
130,366 |
-32.69% |
|
Net Profit |
55,839 |
82,960 |
-32.69% |
|
NPL (%) |
3.7 |
2.46 |
50.41% |
|
Annualized EPS (In Rs.) |
18.58 |
36.58 |
-49.20% |
|
Net Worth per Share (In Rs.) |
133.56 |
144.21 |
-7.38% |
|
P/E Ratio (In times) |
14.79 |
- |
- |
United Finance Limited (UFL) has registered a net profit decline of 40.32 % in the third quarter of the current FY 2074/75.
According to the unaudited financial report published by the finance today, its net profit has decreased to Rs 5.07 crore in third quarter from Rs 8.50 crore in the corresponding quarter of the previous fiscal year.
UFL’s net interest income has fallen to Rs 15.92 crore in Q3 as compared to Rs.18.41 crore in the corresponding quarter of the last fiscal year.
As of Q3, it has a paid up capital of Rs 80.05 crore with a reserve of Rs 21.09 crore.
The finance also collected deposits of Rs 5.48 arba in Q3, up from Rs 5.27 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 4.83 arba in Q3 whereas in the same period last year, the figure stood at Rs 4.55 arba .
UFL’s annualized Earnings per Share (EPS) has decreased by 49.85% to Rs 8.46 per share. The finance company’s net worth per share stands at Rs 126.35 and P/E ratio is 23.65 times.
Major Highlights:
|
Particulars (In Rs '000) |
UFL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
800,519 |
672,705 |
19.00% |
|
Reserve & Surplus |
210,965 |
255,033 |
-17.28% |
|
Deposits |
5,487,599 |
5,274,540 |
4.04% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
4,833,254 |
4,558,041 |
6.04% |
|
Net Interest Income |
159,213 |
184,127 |
-13.53% |
|
Provision for possible losses |
45,418 |
38,758 |
17.18% |
|
Operating Profit |
48,109 |
94,100 |
-48.87% |
|
Net Profit |
50,774 |
85,079 |
-40.32% |
|
NPL (%) |
0.87 |
0.64 |
35.94% |
|
Annualized EPS (In Rs.) |
8.46 |
16.86 |
-49.85% |
|
Net Worth per Share (In Rs.) |
126.35 |
137.91 |
-8.38% |
|
P/E Ratio (In times) |
23.65 |
- |
- |
.png)
