Multipurpose Finance reported massive fall in net profit to Rs 12.67 lakh, EPS at Rs 6.10

Multipurpose Finance Company Limited (MPFL) has reported massive fall in net profit by 78.43% percent in the second quarter (Q2) of the current fiscal year 2074/75. Publishing the unaudited financial report for the second quarter today, the finance company stated that its net profit fall to Rs 12.67 lakh in the Q2 of current fiscal year 2074/75, down from net profit of Rs 58.74 lakh in the corresponding period of the previous fiscal year 2073/74. However, its net interest income has also slides from Rs 1.25 crore in corresponding quarter to Rs 39.63 lakh in the second quarter in current fiscal year. Its paid up capital remains at Rs 4.14 crore with reserve of Rs 1.79 crore. The company has collected deposit of Rs 19.09 crore in Q2 of current fiscal year 2074/75, up from Rs 15.49 crorein the corresponding quarter of the previous fiscal year 2073/74. Likewise, it has extended loans and advances of Rs 19.65 crore in Q2 whereas in the same period last year the figure stood at Rs 16.90 crore. Its non-performing loan (NPL) stands at Rs 5.08 %. Its annualized earning per share (EPS) stands at Rs 6.10 and net worth per share at Rs 143.34.