Multipurpose Finance reports meager decrease in profit by 2.41%; EPS at Rs 13.61

Multipurpose Finance Company Limited (MPFL) has reported meager decrease in profit of 2.41% in the third quarter of the current fiscal year 2074/75.

According to the unaudited financial report for the third quarter published today, the finance company has stated that its net profit decreased to Rs 42.33 lakh in third quarter as compared to Rs 43.38 lakh in the corresponding quarter of the last fiscal year 2073/74.

Its deposits have increased by 40.41% to reach Rs 20.40 crore in the third quarter of the current fiscal year 2074/75 from Rs 14.52 crore in the corresponding quarter of the previous fiscal year. It has floated loans of Rs 20.99 crore in the third quarter of current fiscal year 2074/75.

Its net interest income has also increased to Rs 1.01 crore in the Q3 up from Rs 83.01 lakh compared to the corresponding quarter of the last fiscal year. The finance company has an operating profit of Rs 67.19 lakh in Q3 of the ongoing fiscal year.

MPFL’s paid up capital stand at Rs 4.14 crore and reserve and surplus is Rs 1.27 crore in third quarter of FY 2074/75.

It’s annualized Earnings per Share (EPS) stands at Rs 13.61 and net worth per share stands is at Rs 130.67.