Multipurpose Finance Reports Net Profit of Rs. 4.18 Lakhs for Q1 of F.Y 79/80; Annualized EPS Stands at Rs 0.37
Wed, Nov 2, 2022 11:55 AM on Latest, Financial Analysis, Stock Market,
Multipurpose Finance Company Limited (MPFL) has published unaudited quarterly report for the first quarter of FY 79/80.
The company reported net profit of Rs. 4.18 Lakhs, the company was operating in net loss of Rs. 1.52 Lakhs in the relevant quarter of previous year. The operating profit of the company has increased by massive 1706.25% which helped the company to generate positive profit figure for this quarter.
There has slight change in the paid up capital since the first quarter of previous year. The paid up capital of the finance company increased by 13% to stand at Rs. 45.2 Crores. The paid-up capital of the company has been increased due to the adjustment of 13% bonus share for fiscal year 2077/78.
At this capital, the EPS of the company stands at Rs. 0.37 (annualized) and the net worth per share stands at Rs. 109.86.
The deposits of the company have increased by 189.65% to Rs.1.03 Arba while the loans and advances have grown by 82.85% to Rs.78.9 Crore compared to corresponding quarter of the previous year. The NPL of the company stands at 0.22% which was previously at 1.25%
Highlights:
| Particulars (In Rs '000") | Multipurpose Finance Ltd | ||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Share Capital | 452,000 | 400,000 | 13.00% |
| Share Premium | 21,341 | -100.00% | |
| Retained Earnings | 8,710 | 51,054 | -82.94% |
| Reserves | 35,851 | 12,869 | 178.57% |
| Deposits from Customers | 1,032,645 | 356,518 | 189.65% |
| Loans & Advances to customers | 789,092 | 431,549 | 82.85% |
| Net Interest Income | 4,906 | 5,088 | -3.57% |
| Impairment Charge/(Reversal) | -1,914 | 1,449 | |
| Personnel Expenses | 5,759 | 4,982 | 15.59% |
| Operating Profit | 578 | 32 | 1706.25% |
| Profit/(Loss) for the Year | 418 | -152 | |
| Total Comprehensive Income | 418 | -152 | |
| Capital Adequacy Ratio (CAR) | 43.82 | 81.46 | -46.21% |
| NPL | 0.22 | 1.25 | -82.40% |
| CCD (as per NRB Directives) | 77.59 | 121.05 | -35.90% |
| Cost of Fund (%) | 10.06 | 9.1 | 10.55% |
| Interest Rate Spread (%) | 4.76 | 3.72 | 27.96% |
| Base Rate (%) | 13.45 | 12.12 | 10.97% |
| Annualized EPS (In Rs.) | 0.37 | -0.15 | |
| Net Worth per Share (In Rs.) | 109.86 | 121.32 | -9.44% |
| Qtr End PE Ratio (times) | 848.85 | - | - |
| Qtr End Market Price | 314 | - | - |
