Manjushree Finance net profit rises by 284.11% in Q4; has capacity to distribute 14.60% dividend from this year distributable profit
Mon, Jul 20, 2020 6:52 AM on Company Analysis, Latest,
Manjushree Finance Limited (MFIL) has published its fourth-quarter report for the FY 2076/77 with an outstanding rise in net profit by 284.11%. The net profit growth is mainly contributed by the non-operating income of Rs 20.42 crore.
The company profit has increased from Rs 7.31 crore in the fourth quarter of the fiscal year 2075/76 to Rs 28.09 crore in the fourth quarter of the fiscal year 2076/77. In the same quarter, the finance has Rs 11.94 crore as distributable profit after PL Appropriation and Regulatory Adjustments. The company has the capacity to distribute a 14.60% dividend from this fiscal year's distributable profit.
The finance company deposit from customers has increased by 22.11% to Rs 5.84 Arba and loans and advances to customers increased by 3.08% to Rs 5.81 Arba till the fourth quarter. The net interest income of the company has increased by 6.07% to Rs 38.05 crore from Rs 35.87 crore of the corresponding quarter.
The company paid-up capital stands at Rs 81.81 crore with Rs 39.58 arba as its reserve and surplus. The Non-Performing Loan (NPL) has slightly decreased to 3.36% from 3.49%.
In the fourth quarter, the EPS of the MFIL stands at Rs 34.34. The net worth per share stands at Rs 148.40 and qtr end PE ratio stands at 8.97 times.
Major Highlights:
|
Particulars (In Rs '000) |
Manjushree Finance Limited |
||
|---|---|---|---|
|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
|
Paid Up Capital |
818,131 |
804,060 |
1.75% |
|
Share Premium |
0 |
661 |
|
|
Retained Earnings |
119,800 |
92,438 |
29.60% |
|
Reserves |
276,092 |
129,378 |
113.40% |
|
Deposits from Customers |
5,848,383 |
4,789,346 |
22.11% |
|
Loans & Advances to Customers |
5,818,222 |
5,644,444 |
3.08% |
|
Net Interest Income |
380,532 |
358,766 |
6.07% |
|
Fee and Commission Income |
33,257 |
41,095 |
-19.07% |
|
Impairment Charge/(Reversal) |
10,258 |
135,074 |
- |
|
Personnel Expenses |
133,134 |
82,193 |
61.98% |
|
Operating Profit |
197,169 |
103,964 |
89.65% |
|
Non-Operating Income |
204,275 |
- |
- |
|
Profit/(Loss) for the Year |
280,906 |
73,132 |
284.11% |
|
Total Comprehensive Income |
280,906 |
73,132 |
284.11% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
119,475 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
14.89 |
15.44 |
-3.56% |
|
NPL |
3.36 |
3.49 |
-3.72% |
|
CCD (as per NRB Directives) |
77.76 |
75.63 |
2.82% |
|
Cost of Fund (%) |
8.09 |
9.3 |
-13.01% |
|
Base Rate (%) |
10.67 |
11.34 |
-5.91% |
|
Annualized EPS (In Rs.) |
34.34 |
9.10 |
277.50% |
|
Net Worth per Share (In Rs.) |
148.39 |
127.67 |
16.23% |
|
Qtr End PE Ratio (times) |
8.97 |
- |
- |
|
Qtr End Market Price* |
308 |
- |
- |
|
Price to Book (PB Ratio) |
2.08 |
- |
- |
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