Why Did The Bottom Line Decline For ICFC Finance Limited In Q3 Despite Growth In Core Business Revenue?
Thu, Apr 21, 2022 6:21 AM on Company Analysis, Latest,
ICFC Finance Limited (ICFC) reported a Net Profit of Rs. 12.39 crores in Q3 of FY 2078/2079. This is a decline of 30.32% compared to the corresponding quarter of the previous year.
The decline in Net Profit is due to the variation in other operating income in this quarter.
It reported a net interest income (core business revenue) of Rs. 31.65 crores in Q3. This is an increment of 37.98% compared to the corresponding quarter of the previous year.
As per the quarterly report, the ICFC reported lower other operating income compared to the corresponding quarter of previous years which led to a decline in operating income.
The bank has collected deposits of Rs. 16.43 Arba while it has mobilized loans and advances of Rs. 13.82 Arba till Q3 of FY 2078/2079.
ICFC Finance has a paid-up capital of Rs. 1.12 Arba and reported Rs. 54.66 crores reserve in this quarter.
The Earnings per Share (annualized) stood at Rs. 14.67 and net worth per share stands at Rs. 148.5. The Company traded at a P/E multiple of 35.93 times.
Major Highlights:
|
Particulars |
ICFC Finance Limited |
||
|---|---|---|---|
|
Q3, 2078/2079 |
Q3, 2077/2078 |
Difference |
|
|
Paid-Up Capital |
1,127,115.20 |
1,024,265.80 |
10.04% |
|
Reserve & Surplus |
546,659.98 |
605,860.07 |
-9.77% |
|
Deposit from Customers |
16,437,631.53 |
14,342,810.85 |
14.61% |
|
Loans & Advances |
13,822,689.00 |
10,371,512.01 |
33.28% |
|
Net Interest Income |
316,508.06 |
229,392.56 |
37.98% |
|
Impairment Charge/(Reversal) for loans |
57,488.15 |
29,931.44 |
- |
|
Operating Profit |
172,490.61 |
253,847.47 |
-32.05% |
|
Net Profit |
123,998.44 |
177,950.62 |
-30.32% |
|
Capital Adequacy (%) |
12.50% |
13.38% |
- |
|
NPL (%) |
1.24% |
0.51% |
- |
|
Cost of fund (%) |
8.94% |
6.60% |
- |
|
EPS (Rs.) |
14.67 |
23.16 |
- |
|
Net worth per share (Rs.) |
148.50 |
159.15 |
- |
|
Qtr end PE ratio (Times) |
35.93 |
- |
- |
|
Qtr End Market Price |
527 |
- |
- |
