Despite Decline in Core Business Revenue Manjushree Finance Reports Massive Increment in Net Profit; Here’s Why
Mon, Aug 9, 2021 6:31 AM on Company Analysis, Latest,
Manjushree Finance Limited (MFIL) has published its fourth-quarter report for the FY 2077/78 with an outstanding rise in net profit by 115.81%. The net profit growth is mainly contributed by the other operating income of Rs 76.26 crore.
The company profit has increased from Rs 26.32 crores in the fourth quarter of the fiscal year 2076/77 to Rs 56.81 crores in the fourth quarter of the fiscal year 2077/78. In the same quarter, the finance has Rs 48.56 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The finance company deposit from customers has increased by 52.38% to Rs 8.91Arba and loans and advances to customers increased by 5.48% to Rs 6.20 Arba till the fourth quarter. The net interest income of the company has decreased by 28.61% to Rs 28.11 crore from Rs 39.37 crore of the corresponding quarter.
The company's paid-up capital stands at Rs 96.53 crores with Rs 76.78 crores as its reserve and surplus. The Non-Performing Loan (NPL) has slightly decreased to 2.34% from 3.36%.
The EPS of the MFIL stands at Rs 58.85. The net worth per share stands at Rs 179.53 and the qtr end PE ratio stands at 21.75 times.
Major Highlights:
|
Particulars |
Manjushree Finance Limited |
||
|---|---|---|---|
|
Q4, 2077/2078 |
Q4, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
965,395.00 |
818,131.00 |
18.00% |
|
Reserve & Surplus |
767,820.00 |
486,365.00 |
57.87% |
|
Deposit from Customers |
8,911,770.00 |
5,848,383 |
52.38% |
|
Loans & Advances |
6,205,034.00 |
5,882,919 |
5.48% |
|
Net Interest Income |
281,107.00 |
393,743.00 |
-28.61% |
|
Impairment Charge/(Reversal) for loans |
18,396.00 |
10,258.00 |
- |
|
Operating Profit |
809,393.00 |
378,776.00 |
113.69% |
|
Net Profit |
568,118.00 |
263,244.00 |
115.81% |
|
Capital Adequacy (%) |
28.94% |
16.83% |
- |
|
NPL (%) |
2.34% |
3.36% |
- |
|
Cost of fund (%) |
7.32% |
8.09% |
- |
|
EPS (Rs.) |
58.85 |
32.18 |
- |
|
Net worth per share (Rs.) |
179.53 |
159.45 |
- |
|
Qtr end PE ratio (Times) |
21.75 |
- |
- |
|
Qtr End Market Price |
1280 |
- |
- |
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