Janaki Finance Profit slump by 18.15% in Q1, NPA decline by impressive margin
Thu, Nov 6, 2014 12:00 AM on Financial Analysis,
ShareSansar, November 6:
Janaki Finace Limited net profit fell down by 18.15 percent in the first quarter of the current fiscal year 2071/72.
According to an unaudited first quarterly report of the finance company published today, its net profit decline to Rs 81.14 lakhs, down from Rs 99.13 lakhs in the corresponding quarter last year.
On a good note, Janaki Finance’s has been able to decrease its NPA by an impressive margin; down to 5.06% from 10.31% corresponding quarter last year.
The finance has mobilized Rs 1.22 arba in deposits and Rs 87.86 crore in loan.
Janaki’s net interest income remains for or less stagnant compared to the last year which stood at Rs. 1.01 crore.
It’s operating profit decline to Rs.85.45 lakh from Rs.91.46 lakhs in the same period.
Nonetheless, its EPS stands at Rs 5.54 and it’s per share net worth is at Rs 281.08.
Earlier, company has pledged 70 percent bonus share plus cash dividend for tax purposes from the massive net profit it posted in the last fiscal year.
