Multipurpose Finance's net profit in Q3 gone down by 40% to Rs 24 lakh; Net worth per share stands at Rs 156.33
Tue, May 7, 2019 1:12 PM on Financial Analysis, Latest, Stock Market,
Multipurpose Finance Company Limited (MPFL) has published an unaudited quarterly report for the third 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 114.84% to stand at Rs. 2.73 Crore.
The deposits of the company have increased to Rs. 21.97 Crore while the loans and advances have grown to Rs. 22.36 Crore compared to the corresponding quarter end of FY 2074/75.
Further, the operating profit of the company has decreased by a massive 40% to Rs. 39.6 Lakhs and the net profits of the company has also decreased by 40% to Rs. 24.99 Lakhs compared to the corresponding quarter of the previous year. The provision for possible losses have increased by 158% to stand at Rs. 27.5 Lakhs.
The NPL of the company stands at 3.69% which was previously at 4.97% in last year's corresponding quarter. The EPS stands at Rs. 8.4 with a PE ratio of 18.6 times in Q3.
MPFL is in the process of being acquired by Deva Bikas Bank, therefore its transaction is halted in NEPSE.
Major Highlights:
|
Particulars (In Rs '000) |
MPFL | ||
|---|---|---|---|
| Q3 2075/76 | Q3 2074/75 | Difference | |
| Paid Up Capital | 41,474 | 41,474 | - |
| Reserve & Surplus | 27,328 | 12,720 | 114.84% |
| Deposits | 219,766 | 204,012 | 7.72% |
| Borrowings | - | - | - |
| Loans & Advances | 223,644 | 209,987 | 6.50% |
| Net Interest Income | 10,019 | 10,149 | -1.28% |
| Provision for possible losses | 2,751 | 1,065 | 158.33% |
| Operating Profit | 3,967 | 6,719 | -40.96% |
| Net Profit | 2,499 | 4,233 | -40.96% |
| NPL (%) | 3.69 | 4.97 | -25.75% |
| EPS (In Rs.) | 8.4 | ||
| Net Worth per Share (In Rs.) | 156.33 | ||
| P/E Ratio (In times) | 18.6 | ||
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