Net worth per share of Multipurpose Finance stands at Rs 115.69 till Q2; Net profit at Rs 19.47 lakh

Multipurpose Finance Company Limited (MPFL) has published an unaudited quarterly report for the second quarter of FY 2076/77.

The paid-up capital stands at Rs 19.99 crore this quarter as against Rs 4.14 crore of the previous year's same quarter. The reserves have increased to Rs 3.13 crore up from Rs 2.60 crore in the corresponding quarter of last year.

The deposits of the company have increased to Rs. 24.29 Crore while the loans and advances have grown to Rs. 28.88 Crore compared to the corresponding quarter-end of FY 2075/76.

Further, the operating profit of the company has increased to Rs. 30.60 Lakhs compared to the corresponding quarter of the previous year. The net profit has risen to Rs 19.47 lakhs from Rs 5.93 lakh in the corresponding quarter of last year.

The provision for possible losses has increased to stand at Rs. 45.29 Lakhs.

The NPL of the company stands at 4.88% which was previously at 4.49% in the second year's corresponding quarter. The annualized EPS stands at Rs. 1.95 with a PE ratio of 23.62 times in Q2. The net worth per share stands at Rs 115.69.

Second Quarter Report