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Goodwill Finance Limited Reports Impressive Growth In Major Profitability Indicators In Q1

Goodwill Finance Company Limited (GFCL) reported a massive increment in net profit by 144.13% in Q1 of FY 2078/2079. The profit increased to Rs. 7.11 crores while the net profit was Rs. 2.91 crores in the corresponding quarter of the previous year.

It reported a net interest income (core business revenue) of Rs. 14.30 crores in Q1. This is an increment of 130.25% compared to the corresponding quarter of the previous year.

The bank has collected deposits of Rs. 10.27 Arba while it has mobilized loans and advances of Rs. 7.71 Arba till Q1 of FY 2078/2079.

Goodwill Finance has a paid-up capital of Rs. 86.72 crores and reported Rs. 1.18 Arba as reserve & Surplus.

The Earnings per Share (annualized) stood at Rs. 32.84 and net worth per share stood at Rs. 236.45. The P/E ratio stood at 23.57 times.

Major Highlights:

Particulars Goodwill Finance Limited
Q1, 2078/2079 Q1, 2077/2078 Difference
Paid-Up Capital 867,200.00 867,200.00
Share Premium 2,475.55 2,475.55
Retained Earnings 129,278.70 137,232.96
Reserves 1,051,553.20 992,193.66 5.98%
Deposit from customers 10,279,987.14 10,080,962.30 1.97%
Loans & Advances to Customers 7,710,049.20 7,377,952.25 4.50%
Net Interest Income 143,093.98 62,148.36 130.25%
Impairment Charge/ (Reversal) 17,384.73 26,825.29
Operating Profit 98,247.49 41,300.79
Profit/ (Loss) for the period 71,188.53 29,159.90
Distributable Profit/(Loss) after P/L appropriation and Regulatory Adjustments -17,235.14
Capital Adequacy Ratio (CAR) (%) 15.52% 20.55%
Non-Performing Loan (NPL) 3.40% 2.01%
CD (as per NRB Directive) 80.15% 68.88%
Cost of Fund (%) 7.44% 8.36%
Base Rate (%) 9.31% 10.47%
Annualized EPS (Rs.) 32.84 13.45
Net Worth per share (Rs.) 236.45 230.52 2.57%
Qtr End PE Ratio (Rs.) 23.57
Price to Book (PB Ratio) 3.27

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