Manjushree Finance Increases Net Profit

Jan 19, 2020 10:53 AM Merolagani

Manjushree Finance (MFIL) has increased its net profit by Rs 123.6 million to Rs 143.3 million in the second quarter of the current FY compared to Rs 19.6 million of the corresponding period of the last FY.

The company that earned Rs 27.5 million during the first quarter earned profit of Rs 115.7 million during the second quarter.

As a result, the EPS of the company increased by Rs 30.15 to Rs 35.5 compared to Rs 4.90 of the corresponding period of the last FY.

The company logged Rs 93.1 million in distributable profit during the period. The company with Rs 818.1 million in paid-up capital has reserve fund of Rs 163.5 million and retained earnings of Rs 93.3 million.

During the period, the company collected deposit of Rs 5.40 billion and extended loan of Rs 5.50 billion. The company earned net interest income of Rs 196.9 million and operating profit of Rs 100 million in the review period.

The company logged P/E ratio of 4.82 times and net worth per share of Rs 121.71 during the period.

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