Rise in Core Business Revenue leads to 255.67% Rise in Net Profit of Janaki Finance in Q3
Tue, Apr 26, 2022 11:11 AM on Latest, Financial Analysis,
Janaki Finance Limited has published its third-quarter report for the FY 2078/2079 with an increment in Net Profit by a huge margin of 255.67 percent. The finance’s net profit has increased from Rs. 1.47 crore in the third quarter of FY 2077/2078 to Rs. 5.24 crore in the third quarter of FY 2078/2079.
Similarly, the deposit from customers increased by 3.39% to Rs. 3.07 Arba (compared to the immediate previous year ending) whereas loans and advances to customers increased by 24.65% to Rs. 2.87 Arba (compared to the immediate previous year ending) till the third quarter.
Likewise, Net Interest Income (core business income) has increased by 66.22% to Rs. 14.78 Crore compared to the corresponding quarter of the previous year. Similarly, the paid-up capital stands at Rs. 69 crore with Rs. 6.2 Crores in retained earnings. The Non-performing loan (NPL) remained at 4.8% for this quarter.
The annualized earnings per share (EPS) of the finance limited stood at Rs. 10.13, an increase of 208.84% as compared to the last corresponding quarter, and Net worth per share stood at Rs. 138.69. The company traded at a P/E multiple of 43.14 times.
Major Highlights:
* Q3 2077/78 figure is of Immediate Previous Year Ending
|
Particulars (In Rs '000") |
Janaki Finance Limited |
||
|---|---|---|---|
|
Q3 2078/79 |
Q3 2077/78 |
Difference |
|
|
Share Capital* |
690,473 |
600,411 |
15.00% |
|
Share Premium* |
0 |
0 |
|
|
Retained Earnings* |
62,037 |
84,143 |
-26.27% |
|
Reserves* |
205,107 |
189,212 |
8.40% |
|
Deposits from Customers* |
3,075,839 |
2,974,935 |
3.39% |
|
Loans & Advances to customers* |
2,871,972 |
2,304,012 |
24.65% |
|
Net Interest Income |
147,876 |
88,965 |
66.22% |
|
Other Operating Income |
12,344 |
11,545 |
6.92% |
|
Impairment Charge/(Reversal) |
47,244 |
56,474 |
-16.34% |
|
Personnel Expenses |
20,371 |
14,964 |
36.13% |
|
Operating Profit |
66,415 |
19,232 |
245.34% |
|
Profit/(Loss) for the Year |
52,484 |
14,757 |
255.67% |
|
Total Comprehensive Income |
52,484 |
14,757 |
255.67% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
|
|
|
|
Capital Adequacy Ratio (CAR) |
23.94 |
24.73 |
-3.19% |
|
NPL |
4.8 |
5.63 |
-14.74% |
|
Cost of Fund (%) |
9.31 |
8.08 |
15.22% |
|
Interest Rate Spread (%) |
4.98 |
4.98 |
0.00% |
|
Base Rate (%) |
11.02 |
9.8 |
12.45% |
|
Annualized EPS (In Rs.) |
10.13 |
3.28 |
208.84% |
|
Net Worth per Share (In Rs.) |
138.69 |
145.53 |
-4.70% |
|
Qtr End PE Ratio (times) |
43.14 |
- |
- |
|
Qtr End Market Price |
437 |
- |
- |
