Multipurpose Finance Company Operating Profit Surges with 91.92%, Reports Rs. 65.80 Lakhs in Net Profit
Thu, Nov 2, 2023 11:30 AM on Latest, Financial Analysis, Company Analysis,
Multipurpose Finance Company Limited (MPFL) has unveiled its unaudited quarterly report for the first quarter of fiscal year 80/81, showcasing a remarkable performance marked by a substantial increase in net profit and operating figures. The company reported a net profit of Rs. 65.80 Lakhs, exhibiting a substantial leap from the Rs. 4.18 Lakhs earned in the same quarter of the previous year. Meanwhile, the operating profit increased by a significant 91.92%.
Noteworthy financial shifts include a 31.84% increase in the paid-up capital, which currently stands at Rs. 59.59 Crores compared to the first quarter of the previous year. At this capital level, the company demonstrates an Annualized Earnings Per Share (EPS) of Rs. 4.42, while the net worth per share stands at Rs. 110.95.
The deposits experienced a marginal decline of 0.57%, reaching Rs. 1.52 Arba. Similarly, loans and advances fell by 0.78% to Rs. 1.67 Arba compared to the corresponding quarter of the previous year. The company's Non-Performing Loans (NPL) surged to 1.22%, previously resting at 0.22%.
Highlights:
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Multipurpose Finance Company | ||
|---|---|---|---|
| Q1 2080/81 | Q1 2079/80 | Difference | |
| Paid Up Capital | 595,922.70 | 452,000.00 | 31.84% |
| Retained Earnings | 2,933.62 | -3,120.46 | - |
| Reserves | 62,323.51 | 64,358.63 | -3.16% |
| Deposits from Customers | 1,522,163.17 | 1,530,875.59 | -0.57% |
| Loans and advances to customers | 1,167,288.92 | 1,176,448.11 | -0.78% |
| Net Interest Income | 56,856.75 | 35,721.64 | 59.17% |
| Personnel Expenses | 6,901.37 | 5,758.65 | 19.84% |
| Impairment Charges | 4,522.27 | -1,913.80 | - |
| Operating Profit | 16,896.46 | 8,804.05 | 91.92% |
| Net Profit | 6,580.48 | 418.11 | 1473.85% |
| Capital Adequacy (%) | 41.88 | 43.82 | -4.43% |
| NPL (%) | 1.22 | 0.22 | 454.55% |
| Cost of Fund (%) | 10.13 | 10.06 | 0.70% |
| EPS (In Rs.) | 4.42 | 0.37 | 1093.75% |
| Net Worth per Share (In Rs.) | 110.95 | 113.55 | -2.29% |
| Qtr end PE Ratio (times) | 63.39 | - | - |
| Qtr End Market Price | 280 | - | - |
