Manjushree Finance’s net income grows by 23.63%, NPL down to 2.63%

As per its unaudited report for the second quarter, the net profit of Manjushree Finance has increased to Rs. 2.37 crore in the second quarter of fiscal year 2073/74, up from Rs 1.91 crore reported in the same quarter of the fiscal year 2072/73. In the second quarter, Manjushree finance’s net interest income has risen to Rs 5.95 crore, up from Rs 4.21 crore in the previous corresponding quarter. The finance company has collected Rs 3.18 arba in deposits and disbursed Rs 2.97 arba in loans in Q2 as compared to Rs 2.09 arba in deposits and Rs 1.76 arba in loans in the corresponding quarter last year. The finance has provisioned Rs 1.34 crore for possible losses in Q2. Manjushree Finance has paid up capital of Rs.28.57crores with reserve of Rs 5.18 crores. The finance’s CD ratio stands at 79.93% and non-performing loan (NPL) dropped to 2.63% from 4.57% in Q2. Its Earning per Share (EPS) stands at Rs 16.60, net worth per share is at Rs 118.16 and P/E ratio at 10.66  times. It has floated 175% right share from Magh 6, 2073 and has announced 14% bonus share for the FY 2072/73. After the capitalization of the 175% right and 14% bonus, its paid up capital will reach Rs 72.43 crore. It will be short by around 11% to reach NRB’s minimum requirement of Rs 80 crore by the end of FY 2073/74.

Indicators (Rs in "000")	FY 2073/74 Q2	FY 2072/73 Q2	Difference (%)
Paid Up Capital	285,741.00	250,650.00	14.00%
Reserve and Surplus	51,883.00	51,360.00	1.02%
Deposits	3,188,247.00	2,093,200.00	52.31%
Loans and Advances	2,970,598.00	1,760,395.00	68.74%
Net Interest Income	59,585.00	42,169.00	41.30%
Provision	13,460.00		-
Write Back		5,400.00	-
Operating Profit	35,939.00	30,755.00	16.86%
Net Profit	23,715.00	19,182.00	23.63%
Capital Adequacy Ratio	14.11%	15.26%	-
NPL	2.63%	4.57%	-42.45%
Base Rate	9.63%	9.85%	-
Cost of Fund	7.64%	7.20%
CD Ratio (as per NRB)	79.93%	71.91%	-
EPS (Annualized)	16.60	15.31	8.45%
PE Ratio	10.66
Networth Per Share	118.16