Goodwill Finance Registers 86.68% Decrement in Net Profit; Interest Income Up 57.73% Nonetheless
Fri, Apr 21, 2023 11:41 AM on Latest, Financial Analysis, Stock Market,
Goodwill Finance Limited’s net profit fell by 86.68 percent to Rs 1.99 crore in the third quarter ended Chaitra 2079 (FY79/80) as against Rs 15 crore in the year-ago period.
The decline in Net Profit is due to the variation in other operating income which has reduced due to the incline in Impairment charges by 46.29% and personnel expenses by 8.15% in this quarter.
Its net interest income (NII) grew by 57.73 percent to reach Rs 31.5 crore in Q3. Likewise, the Capital Adequacy Ratio (CAR) stood at 13.46 percent with Earnings per Share (EPS) being reduced to 2.82 Percent.
Financial Highlights:
* Figure is of Immediate Previous Year Ending
| Particulars (In Rs '000) | Goodwill Finance Limited | ||
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Paid Up Capital | 946,115.20 | 946,115.20 | 0.00% |
| Share Premium | 2,475.55 | 2,475.55 | 0.00% |
| Retained Earnings | 101,411.52 | 85,031.33 | 19.26% |
| Reserves | 558,369.19 | 917,793.66 | -39.16% |
| Deposits | 11,254,526.57 | 10,947,321.64 | 2.81% |
| Loans & Advances to Customers | 9,200,473.35 | 635,000.00 | 1348.89% |
| Net Interest Income | 315,760.72 | 200,186.58 | 57.73% |
| Personnel Expenses | 83,606.40 | 77,303.19 | 8.15% |
| Impairment Charges | 179,201.50 | 122,498.95 | 46.29% |
| Operating Profit | 27,802.71 | 213,035.73 | -86.95% |
| Net Profit | 19,990.96 | 150,092.59 | -86.68% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments (4th Quarter) | -77,769.11 | ||
| Capital Adequacy (%) | 13.46 | 17.30 | -22.20% |
| NPL (%) | 4.71 | 2.00 | |
| Cost of Fund (%) | 11.03 | 9.57 | 15.26% |
| EPS (In Rs.) | 2.82 | 21.15 | -86.68% |
| Net Worth per Share (In Rs.) | 170.00 | 206.26 | -17.58% |
| Qtr End Market Price | 467 | - | - |
