Multipurpose Finance reports 11% decline in net profit with 182% rise in provision for possible losses; EPS stands at Rs 21.83
Wed, Aug 7, 2019 1:44 PM on Latest, Stock Market, Financial Analysis,
Multipurpose Finance Company Limited (MPFL) has published an unaudited quarterly report for the last 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 has depleted by 56% to stand at Rs. 92.77 lakh.
The deposits of the company have increased to Rs. 21.32 Crore while the loans and advances have grown to Rs. 21.94 Crore compared to the corresponding quarter end of FY 2074/75.
Further, the operating profit and net profit of the company has decreased by 11.91% to Rs. 90.5 Lakhs compared to the corresponding quarter of the previous year. The net profits doesn't account for staff bonuses and corporate tax due to which the posted figures may vary with the actual figures. This will also have an impact on the EPS.
The provision for possible losses have increased by 182% to stand at Rs. 26.67 Lakhs.
The NPL of the company stands at 4.51% which was previously at 4.63% in last year's corresponding quarter. The EPS stands at Rs. 21.83 with a PE ratio of 5.59 times in Q4.
Major Highlights:
|
Particulars (In Rs '000) |
MPFL | ||
|---|---|---|---|
| Q4 2075/76 | Q4 2074/75 | Difference | |
| Paid Up Capital | 41,473.60 | 41,473.60 | |
| Reserve & Surplus | 9,277.10 | 21,256.05 | -56.36% |
| Deposits | 213,198.46 | 0.00 | |
| Borrowings | 0.00 | 0.00 | |
| Loans & Advances | 219,474.20 | 0.00 | |
| Net Interest Income | 15,730.95 | 16,081.39 | -2.18% |
| Provision for possible losses | 2,667.00 | 944.32 | 182.43% |
| Operating Profit | 9,052.16 | 10,276.22 | -11.91% |
| Net Profit | 9,052.16 | 10,276.22 | -11.91% |
| Capital Adequacy (%) | 25.51 | 27.54 | -7.37% |
| Non Performing Loan (NPL) (%) | 4.51 | 4.63 | -2.59% |
| Annualized EPS (In Rs.) | 21.83 | ||
| Net Worth per Share (In Rs.) | 152.44 | ||
| PE Ratio (times) | 5.59 | ||
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