Non-operating income of Rs 9.81 crore has resulted massive 628.45% rise in net profit of Manjushree Finance; PE remains at 4.82 times

Sun, Jan 19, 2020 10:57 AM on Financial Analysis, Latest,
Non-operat...

Manjushree Finance Limited (MFIL) has published its second quarter report for the FY 2076/77 with an outstanding rise in net profit by 628.45%. The net profit growth is mainly contributed by non operating income of Rs 9.81 crore.

The company profit has increased from Rs 1.96 crore in the second quarter of the fiscal year 2075/76 to Rs 14.33 crore in the second quarter of the fiscal year 2076/77. In the same quarter, the finance has Rs 9.31 crore as distributable profit after PL Appropriation and Regulatory Adjustments.

The finance company deposit from customers has increased by 9.66% to Rs 5.40 arba and loans and advances to customers increased by 3.44% to Rs 5.50 arba till the second quarter. The net interest income of the company has increased by 58.49% to Rs 19.69 crore from Rs 12.42 crore of the corresponding quarter.

The company paid up capital stands at Rs 81.81 crore with Rs 25.69 arba as its reserve and surplus. The Non-Performing Loan (NPL) has increased to 3.43% from 3.17%.

In the second quarter, the annualized EPS of the MFIL stands at Rs 35.05. The net worth per share stands at Rs 131.40 and qtr end PE ratio stands at 13.36 times.

Click Here for Q1 Report:

Major Highlights:

 * 2075/76 figure are of Immediate Previous Year Ending.

* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q1 end paid up capital.

Particulars (In Rs '000)

Manjushree Finance Limited

Q 2 2076/77

Q2 2075/76

Difference

Share Capital*

818,131

804,060

1.75%

Share Premium*

 

661

 

Retained Earnings*

93,370

92,438

1.01%

Reserves*

163,556

116,883

39.93%

Deposits from Customers*

5,404,789

4,928,669

9.66%

Loans & Advances to customers*

5,506,271

5,322,986

3.44%

Net Interest Income

196,967

124,277

58.49%

Impairment Charge/(Reversal)

-9,890

-54,051

-

Personnel Expenses

63,161

33,849

86.60%

Operating Profit

100,131

26,496

277.91%

Non-Operating Income

98,174

-

-

Profit/(Loss) for the Year

143,374

19,682

628.45%

Total Comprehensive Income

143,374

19,682

628.45%

Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments

93,140

-

-

Capital Adequacy Ratio (CAR)

15.11

13.45

12.34%

NPL

3.43

3.17

8.20%

CCD (as per NRB Directives)

77.6

77.18

0.54%

Cost of Fund (%)

9.26

10.38

-10.79%

Base Rate (%)

11.64

12.86

-9.49%

Annualized EPS (In Rs.)

35.05

4.90

615.92%

Net Worth per Share (In Rs.)

131.40

126.12

4.19%

Qtr End PE Ratio (times)

4.82

-

-

Qtr End Market Price

169

-

-