Goodwill Finance net profit makes a nosedive ; dips significantly by 53%

National level finance company, Goodwill finance Limited  has published the report for 3rd quarter of the fiscal year 2074/75.

As per the report, the company has earned a net profit of Rs 2.70 crores till the end of 3rd quarter. The net profit was Rs 5.86 crores in the corresponding quarter of the previous fiscal year. This accounts for a decline of 53.81%. GFCL now has an eps of Rs 4.52

A decent growth is seen both in the interest income and interest expense of the company. Due to dominance of Interest expense growth, net interest income has dipped by 13.53% to Rs 9.24 crores. 

Staff expense rose decently to Rs 3.47 crores from Rs 3.18 crores in the previous year. The operating expense however remained stagnent. The another contributor for the decline in profit was the doubling of provision for losses. Goodwill finance has provisioned 2.22 crores against Rs 1.12 crores last year.

Company’s operating profit has decreased significantly by 38% to Rs 4.09 crores. 

Goodwill finance currently has a paid-up capital of Rs 80 crores with a reserve of Rs 14 crores. The net worth per share for the company stands at Rs 117.55. 

Deposit collection has also decreased to Rs 5.12 arba, from Rs 5.39 arba last year. Similarly, Company's lending has increased by 18.57% to Rs 4.35 arba.  

.

Key Ratios:

EPS                : Rs 4.52
Networth         : Rs 117.55
P/E Ratio        :  29.23 times

P/B Ratio        : 1.12 times

NPL                 : 2.99%

ROE                : 4.52%

ROA                : 0.54%

CCD                : 73.46%

CAR                : 17.84%