Janaki Finance Net Profit Declines By 91.34% in Q1; Impairment Charges Loss Worth Rs. 3.98 Crores & P/E Ratio at 253.89 Times
Thu, Nov 3, 2022 11:45 AM on Latest, Financial Analysis, Stock Market,
Janaki Finance Limited (JFL) has registered a decrease in net profit by 91.34% in the first quarter (Q1) of the fiscal year 2079/80.
As per the report published by the finance company today, its net profit has decreased to Rs 24.19 Lakh in the first quarter from Rs 2.79 crore in the corresponding quarter.
Janaki finance has paid up capital of Rs 69.04 crore and has a reserve and surplus of Rs 24.02 crore in Q1.
JFL has deposit collection from customers worth Rs 3.36 Arba whereas it has floated loans and advances of Rs 2.85 arba. It has an NPL of 10.02%. For this quarter, the company reports impairment charges worth Rs. 3.98 Crores, which has also affected the net profit of the company.
Likewise, the finance company annualized earning per share (EPS) stand at Rs 1.40, net worth per share is at Rs 134.80 and the P/E ratio is at 253.89 times.
Major Highlights:
| Particulars (In Rs '000) | Janaki Finance Company Ltd | ||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 690,472.80 | 600,411.10 | 15.00% |
| Retained Earnings | 35,189.38 | 192,391.98 | -81.71% |
| Reserve | 205,107.03 | 194,971.79 | 5.20% |
| Borrowings | |||
| Deposits from Customers | 3,360,631.98 | 3,305,860.74 | 1.66% |
| Loans & Advances to B/FIs | 19,929.92 | 26,887.87 | -25.88% |
| Loans & Advances to Customers | 2,852,846.88 | 2,926,140.64 | -2.50% |
| Net Interest Income | 50,637.91 | 40,633.96 | 24.62% |
| Personnel Expenses | 4,975.02 | 8,183.84 | -39.21% |
| Impairment Charge/(reversal) for loans and other losses | 39,830.30 | - | |
| Operating Profit | 3,416.13 | 33,906.39 | -89.92% |
| Net Profit | 2,419.09 | 27,945.56 | -91.34% |
| Capital Adequacy (%) | 23.47 | 28.26 | -16.95% |
| NPL (%) | 10.02 | 4.15 | - |
| Cost of Fund (%) | 10.83 | 7.85 | 37.96% |
| Credit to Deposit Ratio (%) | 86.84 | 89.33 | -2.79% |
| EPS (In Rs.) | 1.40 | 18.62 | -92.47% |
| Net Worth per Share (In Rs.) | 134.80 | 164.52 | -18.06% |
| Qtr end PE Ratio (times) | 253.89 | - | - |
| Qtr End Market Price | 355.8 | - | - |
