Multipurpose Finance net profit fall by 82.88% to Rs 8.08 lakh, EPS at Rs 7.79

Multipurpose Finance Company Limited (MPFL) has shown decrease in net profit by 82.88 percent in the first quarter (Q1) of the fiscal year 2074/75. As per the unaudited report for the first quarter, the finance’s net profit has decrease to Rs. 8.08 lakh in the first quarter of fiscal year 2074/75 from net profit of Rs 47.20 lakh reported in the same quarter of the fiscal year 2073/74. The finance has collected Rs 18.58 crore in deposits and disbursed Rs 19.18 crore in loans in Q1 as compared to Rs 13.68 crore in deposits and Rs 13.91 crore in loans in the corresponding quarter last year. Its current paid up capital stands at Rs 4.14 crore with reserve of Rs 1.75 crore. Its non-performing loan (NPL) stands at 3.80 %. Its annualized Earning per Share (EPS) stands at Rs 7.79, net worth per share is at Rs 124.25.