Manjushree Finance reports decline in Net Profit to Rs. 1.07 crore with EPS of Rs. 2.67; Net Worth stands at Rs. 114.53 in second quarter of 2075/76

Tue, Jan 29, 2019 10:45 AM on Financial Analysis, Latest, Stock Market,

Manjushree Finance Limited (MFIL) has posted net profit of Rs 1.07 crore in the second quarter of the FY 2075/76; decreased by 74.05% as compared to the net profit of the corresponding quarter.

As per the unaudited report published today, the finance has shown operating profit of Rs 1.68 crore in the Q2 of FY 2075/76 which is decreased by 56.65% compared to last year’s corresponding quarter.

The finance has collected Rs 6.40 arba in deposits and disbursed Rs 5.68 arba in loans in the second quarter as compared to Rs 4.84 arba in deposits and Rs 4.39 arba in loans in the corresponding quarter last year. The finance further has the due provisioning of Rs. 5.40 crore; increased from Rs. 46.47 lakh of last corresponding quarter.

Its current paid up capital stands at Rs 80.40 crore with reserve of Rs 11.68 crore.

Its annualized EPS stands at Rs 2.67 from Rs. 11.43 of second quarter 2074/75, net worth per share stands at Rs 114.21 and P/E ratio of 43.04.

Major Highlights:

Particulars (In Rs '000)

Manjushree Finance Limited

Q2 2075/76

Q2 2074/75

Difference

Paid Up Capital

804,060

724,379

11.00%

Reserve & Surplus

116,868

139,117

-15.99%

Deposits

6,408,661

4,839,697

32.42%

Borrowings

924,253

37,900

2338.66%

Loans & Advances

5,681,182

4,390,639

29.39%

Net Interest Income

111,716

74,553

49.85%

Provision for possible losses

54,051

4,647

1063.14%

Operating Profit

16,880

38,943

-56.65%

Net Profit

10,742

41,400

-74.05%

NPL (%)

3.1

2.38

30.25%

Annualized EPS (In Rs.)

2.67

11.43

-76.62%

Net Worth per Share (In Rs.)

114.53

119.21

-3.92%

P/E ratio

43.04