Manjushree Finance reports massive increment in net profit despite decline in core business revenue; Look at the major highlights
Wed, Apr 21, 2021 7:29 AM on Company Analysis, Latest,
Manjushree Finance Limited (MFIL) has published its third-quarter report for the FY 2077/78 with an outstanding rise in net profit by 94.16%. The net profit growth is mainly contributed by the other operating income of Rs 43.13 crore.
The company profit has increased from Rs 19.32 crores in the third quarter of the fiscal year 2076/77 to Rs 37.51 crores in the third quarter of the fiscal year 2077/78. In the same quarter, the finance has Rs 28.21 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The finance company deposit from customers has increased by 43.06% to Rs 8.36 Arba and loans and advances to customers increased by 7.73% to Rs 6.33 Arba till the third quarter. The net interest income of the company has decreased by 1.58% to Rs 28.65 crore from Rs 29.11 crore of the corresponding quarter.
The company paid-up capital stands at Rs 96.53 crores with Rs 66.51 crores as its reserve and surplus. The Non-Performing Loan (NPL) has slightly decreased to 2.57% from 3.43%.
The EPS of the MFIL stands at Rs 51.82. The net worth per share stands at Rs 168.94 and the qtr end PE ratio stands at 9.73 times.
Major Highlights:
|
Particulars |
Manjushree Finance Limited |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
965,395.00 |
818,131.00 |
18.00% |
|
Reserve & Surplus |
665,518.00 |
486,865.00 |
36.69% |
|
Deposit from Customers |
8,366,560 |
5,848,383 |
43.06% |
|
Loans & Advances |
6,337,791 |
5,882,919 |
7.73% |
|
Net Interest Income |
286,561.00 |
291,156.00 |
-1.58% |
|
Impairment Charge/(Reversal) for loans |
32,533.00 |
10,065.00 |
- |
|
Operating Profit |
539,098 |
263,650.00 |
104.47% |
|
Net Profit |
375,166.00 |
193,228.00 |
94.16% |
|
Capital Adequacy (%) |
20.84% |
15.21% |
- |
|
NPL (%) |
2.57% |
3.43% |
- |
|
Cost of fund (%) |
6.97% |
9.21% |
- |
|
EPS (Rs.) |
51.82 |
31.49 |
- |
|
Net worth per share (Rs.) |
168.94 |
159.51 |
- |
|
Qtr end PE ratio (Times) |
9.73 |
- |
- |
|
Qtr End Market Price |
504 |
- |
- |
