Janaki Finance Records Improvements Across Most Financial Indicators; NPL at Massive 18.65 Percent
Wed, Aug 9, 2023 10:17 AM on Latest, Financial Analysis,
Janaki Finance Limited (JFL) has published its fourth-quarter report for the financial year 2079-80 with an improvement in its Net profit. As of FY 2079-80’s end, the finance company has made Rs. 41.48 lakhs as opposed to losing Rs. 11.28 crores until the corresponding quarter of FY 2078-79.
The Net Interest Income—core business revenue—has declined marginally in comparison by almost 4 percent, totaling Rs. 16.08 crores as of FY 2079-80.
The deposits from customers and loan disbursement have increased by 6.38 percent and 16.20 percent, respectively. As of the last quarter of FY 2079-80, the company accumulated Rs. 3.48 Arba in deposits from customers while it was able to give out Rs. 3.14 Arba in loans and advances.
The Impairment allocation of the company has declined by a significant 60.74 percent amounting to Rs. 12.40 crores as of the end of the last quarter of the recently concluded FY 2079-80.
With an improvement in Net profit the Earnings per Share (EPS) of the company too has improved to stand at Rs. 0.60 as opposed to Rs. -16.34 in the corresponding quarter of FY 2078-79, alongside a Net worth per Share of Rs. 112.94.
The Non-performing Loan (NPL) of the financial institution is high at 18.65 percent, which has negatively affected the profitability of the company.
JFL maintains Rs. 69.04 crores in paid-up capital and has Rs. 29.87 in the form of reserve.
Major Financial Highlights:
| Particulars (In Rs '000) | Janaki Finance Limited | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 690,472.80 | 690,472.80 | 0.00% |
| Retained Earnings | -209,421.44 | -213,569.50 | - |
| Reserves | 298,788.97 | 299,102.52 | -0.10% |
| Deposits | 3,489,171.03 | 3,279,971.99 | 6.38% |
| Loans & Advances to Customers | 3,146,828.43 | 2,708,113.22 | 16.20% |
| Net Interest Income | 160,833.25 | 167,397.74 | -3.92% |
| Personnel Expenses | 17,941.81 | 18,333.63 | -2.14% |
| Impairment Charges | 124,031.63 | 315,950.53 | -60.74% |
| Net Operating Profit | 5,179.02 | -160,387.60 | - |
| Net Profit | 4,148.06 | -112,820.18 | - |
| Capital Adequacy (%) | 17.48 | 14.98 | 16.69% |
| NPL (%) | 18.65 | 16.67 | 11.88% |
| Cost of Fund (%) | 11.12 | 10.41 | 6.82% |
| EPS (In Rs.) | 0.60 | -16.34 | - |
| Net Worth per Share (In Rs.) | 112.94 | 112.39 | 0.49% |
| Qtr End Market Price | 409 | - | - |
