Despite Growth In Core Business Revenue, ICFC Finance Limited Reports Decline in Net Profit By 29.79% in Q1; PE Ratio at 36.89 Times
Tue, Nov 1, 2022 11:45 AM on Latest, Financial Analysis, Stock Market,
ICFC Finance Limited (ICFC) reported a Net Profit of Rs. 3.34 crores in the first quarter of FY 2079/80. This is a decrease of 29.79% compared to the corresponding quarter of the previous year. The company reported net profit of Rs. 4.76 Crores in the Q1 of previous year.
It reported net interest income (core business revenue) of Rs. 14.88 crores in Q1. This is an increase of 34.92 % compared to the corresponding quarter of the previous year. The company also reported Rs. 13.56 crores of Net operating income for this quarter.
ICFC has collected deposits of Rs. 18.25 Arba while it has mobilized loans and advances of Rs. 14.13 Arba till Q1 of FY 2079/2080.
ICFC Finance has a paid-up capital of Rs. 1.12 Arba and reported Rs. 63.4 crores reserve and surplus in this quarter.
The Earnings per Share (annualized) stood at Rs. 11.87 which was Rs. 16.91 in the preceding relevant quarter and the net worth per share stands at Rs. 156.32. The base of the company stands at 12.36% and the CAR stands at 11.87% for Q1. The Company traded at a P/E multiple of 36.89 times.
Major financial highlights
| ICFC Finance Limited | |||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Share Capital | 1,127,115.00 | 1,127,115.00 | 0.00% |
| Reserve & Surplus | 634,773.00 | 615,909.00 | 3.06% |
| Deposits | 18,259,365.46 | 17,719,984.18 | 3.04% |
| Loans & Advances | 14,132,242.21 | 14,305,424.33 | -1.21% |
| Net Interest Income | 148,849.80 | 110,328.30 | 34.92% |
| Impairment charger/(reversal) for loans and other losses | 34,698.79 | 34,689.03 | 0.03% |
| Net Operating Income | 135,682.41 | 150,555.11 | -9.88% |
| Operating Profit | 49,644.82 | 68,019.66 | -27.01% |
| Net Profit | 33,458.77 | 47,652.92 | -29.79% |
| Capital Adequacy (%) | 11.87 | 13.33 | -10.95% |
| NPL (%) | 1.31 | 1.78 | -26.40% |
| CDR | 76.17 | 84.14 | -9.47% |
| Base Rate | 12.36 | 8.82 | 40.14% |
| Annualized EPS (In Rs.) | 11.87 | 16.91 | -29.79% |
| Net Worth per Share (In Rs.) | 156.32 | 154.64 | 1.08% |
| PE Ratio (times) | 36.89 | ||
| Qtr End Market Price | 438 | ||
