Financial Standing of Finance Companies in Q2

Jan 21, 2025 03:26 PM Merolagani



Finance companies have published the second quarter report of the current FY. As per the second quarter report published by fifteen finance companies, they have incurred net loss of Rs 730.2 million during the period.

In the review period, seven finance companies incurred losses while eight incurred losses. During the period, Manjushree Finance logged the highest profit of Rs 117 million while Pokhara Finance incurred the highest loss of Rs 637.9 million.

During the period, Manjushree Finance logged the highest net interest income, total operating income and operating profit while Janaki Finance had the lowest net interest income, net fee and commission and total operating income.

In the second quarter, Pokhara Finance maintained the highest impairment charges of Rs 1.52 billion while Progressive Finance reversed Rs 142.8 million impairment charges.

Among the companies, Manjushree Finance has the highest paid-up capital of Rs 1.35 billion while Multipurpose Finance has the least paid-up capital.

In terms of reserve fund, Goodwill Finance has the highest reserve of Rs 936.3 million. Five companies have reserve loss whereas Janaki Finance has the highest reserve loss of Rs 538.9 million.

Manjushree Finance also tops the list in terms of deposit collection and loan extensions. The company collected deposits of Rs 19.46 billion and extended loans of Rs 16.48 billion. During the period, Samriddhi Finance collected the lowest deposit and extended the least loans.

In terms of non-performing loans, Janaki Finance has the highest NPL and Gorkhas Finance has the lowest NPL during the period. Janaki Finance has 40.88 percent NPL while Gorkhas has 3.06 percent NPL during the period. 

Out of 15 companies, Progressive Finance logged the highest EPS of Rs 20.13. In the meantime, ICFC Finance has the lowest EPS. In terms of net worth per share, Goodwill Finance has the highest while Janaki Finance has the lowest net worth per share. 




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