Multipurpose Finance reported Net profit of Rs. 36.03 lakhs in Q2; EPS and Net worth stand at Rs. 17.38 and Rs. 165.85 respectively

  • -ShareSansar
Mon, Feb 11, 2019 11:26 AM on Financial Analysis, Latest, Stock Market,
Multipurpo...

Multipurpose Finance Company Limited (MPFL) has published an unaudited quarterly report for the second quarter of FY 2075/76.

There has been no change in the paid-up capital since the corresponding quarter end of the previous year which stands at Rs. 4.14 Crore. The reserves have grown by 51.93% to stand at Rs. 2.73 Crore.

The deposits of the company have increased to Rs. 22.13 Crore while the loans and advances have grown to Rs. 21.80 Crore compared to the corresponding quarter end of FY 2074/75.

Further, the operating profit of the company has increased by a massive 211.66% to Rs. 39.52 Lakhs and the net profits of the company have also increased by 184.16% to Rs. 36.03 Lakhs compared to the corresponding quarter of the previous year. The provision for possible losses have decreased by 31.14% to stand at Rs. 5.69 Lakhs.

The NPL of the company stands at 7% which was previously at 5% in last year's corresponding quarter. The EPS stands at Rs. 17.38 with a PE ratio of 9.96 times in Q2.

1:8.6447 right shares of Multipurpose Finance added to SEBON’s pipeline; paid up capital to reach Rs.40 Crore after the issue

Major Highlights:

Particulars (In Rs '000)

Multipurpose Finance Company Limited

Q2 2075/76

Q1 2075/76

Difference

Paid Up Capital

41,474

41,474

0.00%

Reserve & Surplus

27,312

17,977

51.93%

Deposits

221,366

190,913

15.95%

Borrowings

0

0

   -

Loans & Advances

218,048

196,514

10.96%

Net Interest Income

7,111

3,963

79.42%

Provision for possible losses

569

827

-31.14%

Operating Profit

3,952

1,268

211.66%

Net Profit

3,603

1,268

184.16%

NPL (%)

7

5

40.00%

Annualized EPS (In Rs.)

17.38

6.11

184.16%

Net Worth per Share (In Rs.)

165.85

143.35

15.70%

P/E ratio

9.96