Jebils Finance Limited published Q3 highlights for FY 75/76; minimum growth in profit reported

Thu, Jun 13, 2019 12:45 PM on Financial Analysis, Latest, Stock Market,
Jebils Fin...

Jebils Finance Limited (JEFL) has published its unaudited financial report for the Q3 of the FY 2075/76 today.

The company has reported an increment in the net profit by 1.95% to Rs 54.38 lakhs till the month of Chaitra which was Rs 53.34 lakh in the corresponding quarter of last FY 2074/75.

The deposit collection of finance company is Rs 1.01 arba - decreased from Rs. 1.06 arba in last year's corresponding quarter and floated loans of Rs 1.16 arba in the third quarter. The net interest income stands at Rs 6.69 crore.

The paid-up capital of the company increased to Rs 84.80 crore and Rs 6.17 crore has been kept in the reserve.

The NPL has increased to 6.02% from 5.54%. The EPS of the company stands at Rs 0.89 and Net worth per share at Rs 112.44 with P/E ratio of 164.04 times.

Currently, JEFL is in the process of acquisition by Nepal Bank Limited (NBL). The swap ratio for the process of acquisition has been determined at 100:33 i.e. 100 shares of JEFL will be converted to 33 shares of NIB for the process of merger.