Despite of 74.57% hike in net profit of Manjushree Finance, EPS slides to Rs 11.43; Gurkhas Finance EPS slides to Rs 5.18

Mon, Jan 22, 2018 10:00 AM on Latest, Financial Analysis, Featured, Stock Market,
Manjushree Finance Limited (MFIL) has posted net profit of Rs 4.14 crore in the second quarter of the FY 2074/75. As per the unaudited report published today, the finance has shown operating profit of Rs 3.89 crore in the Q2 of FY 2074/75. The finance has collected Rs 4.83 arba in deposits and disbursed Rs 4.39 arba in loans in Q2 as compared to Rs 3.18 arba in deposits and Rs 2.97 arba in loans in the corresponding quarter last year. Its current paid up capital stands at Rs 72.43 crore with reserve of Rs 13.91 crore. Its non-performing loan (NPL) decreased to 2.38 % from 2.63%. Its annualized EPS stands at Rs 11.43, net worth per share stands at Rs 119.21 and P/E ratio at 12.42 times. Major Highlights:
Particulars (In Rs '000) MFIL
Q2 2074/75 Q2 2073/74 Difference
Paid Up Capital        724,379       285,741 153.51%
Reserve & Surplus        139,117         51,883 168.14%
Deposits     4,839,697    3,188,247 51.80%
Borrowings          37,900       837,900 -95.48%
Loans & Advances     4,390,639    2,970,598 47.80%
Net Interest Income          74,553         59,585 25.12%
Provision for possible losses             4,647         13,460 -65.48%
Operating Profit          38,943         35,939 8.36%
Net Profit          41,400         23,715 74.57%
NPL (%) 2.38 2.63 -9.51%
 Annualized EPS (In Rs.)            11.43           16.60 -31.14%
Net Worth per Share (In Rs.)          119.21         118.16 0.89%
P/E Ratio (In times) 12.42 - -
 Gurkhas Finance Limited (GUFL) has posted net profit of Rs 2.24 crore in the second quarter of the FY 2074/75. As per the unaudited report published today, the finance has shown operating profit of Rs 20.38 crore in the Q2 of FY 2074/75. The finance has collected Rs 4.52 arba in deposits and disbursed Rs 4.01 arba in loans in Q2 as compared to Rs 3.39 arba in deposits and Rs 2.96 arba in loans in the corresponding quarter last year. Its current paid up capital stands at Rs 86.79 crore with reserve of Rs 34.34 crore. Its non-performing loan (NPL) increased to 3.58% from 2.11%. Its annualized EPS stands at Rs 5.18, net worth per share stands at Rs 139.57 and P/E ratio at 27.23 times. Major Highlights:
Particulars (In Rs '000) GUFL
Q2 2074/75 Q2 2073/74 Difference
Paid Up Capital        867,994       578,662 50.00%
Reserve & Surplus        343,484       292,182 17.56%
Deposits     4,520,948    3,399,872 32.97%
Borrowings          41,400                  - #DIV/0!
Loans & Advances     4,008,414    2,967,259 35.09%
Net Interest Income          98,701       131,583 -24.99%
Provision for possible losses          30,932       146,679 -78.91%
Operating Profit          20,382        (40,117) -150.81%
Net Profit          22,470       107,023 -79.00%
NPL (%) 3.58 2.11 69.67%
 Annualized EPS (In Rs.)               5.18           36.99 -86.00%
Net Worth per Share (In Rs.)          139.57         150.49 -7.26%
P/E Ratio (In times) 27.23 - -