ICFC Finance's Net Profit Declined By 20.67% in Q4; EPS Jumps to Rs.22.23
Summary
ICFC Finance Limited reported a 20.67% drop in net profit to Rs. 26.42 crore in the fourth quarter of FY 2082/83, even as deposits, loans and advances, and net interest income rose. Its EPS stood at Rs. 22.23, with capital adequacy improving to 14.38%.
Key Points
- ICFC Finance Limited’s net profit fell 20.67% year-on-year to Rs. 26.42 crore in Q4 FY 2082/83.
- Deposits rose 11.22% to Rs. 22.23 arba and loans and advances increased 10.89% to Rs. 18.69 arba.
- Net interest income increased 8.59% to Rs. 64.54 crore, while impairment charges turned sharply negative compared with a reversal last year.
- The company’s EPS was Rs. 22.23, capital adequacy ratio improved to 14.38%, and cost of funds declined to 4.22%.
