Manjushree Finance’s Net Profit Declines

Apr 19, 2024 07:10 AM Merolagani

Manjushree Finance (MFIL) has published its third-quarter report of the current FY. As per the report, the net profit of the company has declined in the review period compared to the corresponding period of the last FY.

The company earned a net profit of Rs 150.9 million in the review period compared to Rs 171.7 million in the corresponding period of the previous FY. The net profit declined by 12.07 percent during the period.

Although the company raised its net interest income, an increase in impairment charges pulled down its net profit.

In the review period, its net interest income increased by 7.23 percent and net fee and commission income by 34.70 percnet. Similalry, its total operating income increased by 10.61 percent while its operating profit declined by 10.21 percent.

 In the review period, it logged distributable profit of Rs 20.8 million.

Along with its net profit, its EPS declined by Rs 2.04 to Rs 14.90. It has a net worth per share of Rs 159.75 and a P/E ratio of 33.89 times.

The company with Rs 1.35 billion in paid-up capital has a reserve fund of Rs 807.6 million. The company collected deposits of Rs 15.43 billion and extended loans of Rs 13.25 billion.

 

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