Meager profit growth of Janaki Finance by 14.61% in Q4; Reserve stood at Rs 21.80 crore

Janaki Finance Limited (JFL) has reported net proft growth of Rs 14.61 percent in the fourth quarter (Q4) of the last fiscal year 2072/73. As per the quarterly report published today, the finance company has earned net profit of Rs 7.94 crore in the fourth quarter of the fiscal year 2072/73 up from Rs 6.93 crore in the corresponding period of the previous fiscal year 2071/72. Its net interest income surged to Rs 9.11 crore in the Q4, from Rs 8.35 crore in the corresponding quarter of the previous fiscal year. The paid up capital of the finance company remains at Rs 31.07 crore with reserve of Rs 21.80 crore in Q4. JFL has collected Rs. 1.43 arba in deposits in Q4 up from Rs 1.32 arba in the corresponding quarter of previous year. Its loan and advances boosted to Rs 1.25 arba in Q4 up from Rs 1.06 arba in the corresponding period of the previous fiscal year. Janaki Finance non-performing loan (NPL) has dropped from 5.36 % in the corresponding period of the fiscal year 2071/72 to 2.58% in fourth quarter of the fiscal year 2072/73. Its annualized Earning per Share (EPS) stood at Rs 25.57; net worth per share is at Rs 170.17 and P/E ratio at 15.56. The credit to deposit ratio (CD ratio) of the company stands at 66.23%.