Janaki Finance Limited (JFL) has posted shrink in net profit by 46.80% percent in the second quarter (Q2) of the current fiscal year 2074/75.
Publishing the unaudited financial report for the second quarter today, the finance company stated that its net profit shrinks to Rs 2.40 crore in the Q2 of current fiscal year 2074/75, down from Rs 4.51 crore in the corresponding period of the previous fiscal year 2073/74.
However, its net interest income has fallen from Rs 5.71 crore in corresponding quarter to Rs 3.81 crore in the second quarter in current fiscal year.
Its paid up capital remains at Rs 40.33 crore with reserve of Rs 18.43 crore in Q2.
The company has collected deposit of Rs 1.49 arba in Q2 of current fiscal year 2074/75, up from Rs 1.43 arba in the corresponding quarter of the previous fiscal year 2073/74.
Likewise, it has extended loans and advances of Rs 1.30 arba in Q2 whereas in the same period last year the figure stood at Rs 1.27 arba.
Its non-performing loan (NPL) has increased to 9.66% in Q2 from 5.86% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 11.92, net worth per share at Rs 145.70 and the P/E ratio at 30.37 times.
Major Highlights:
| A |
JFL |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
403,393 |
341,859 |
18.00% |
| Reserve & Surplus |
184,356 |
175,373 |
5.12% |
| Deposits |
1,492,257 |
1,434,463 |
4.03% |
| Borrowings |
- |
- |
#DIV/0! |
| Loans & Advances |
1,300,470 |
1,271,243 |
2.30% |
| Net Interest Income |
38,128 |
57,181 |
-33.32% |
| Provision for possible losses |
39,258 |
5,842 |
572.00% |
| Operating Profit |
(5,090) |
47,620 |
-110.69% |
| Net Profit |
24,040 |
45,190 |
-46.80% |
| NPL (%) |
9.66 |
5.86 |
64.85% |
| Annualized EPS (In Rs.) |
11.92 |
26.44 |
-54.92% |
| Net Worth per Share (In Rs.) |
145.70 |
151.30 |
-3.70% |
| P/E Ratio (In times) |
30.37 |
|
|
Announcement:
