Net Profit of Janaki Finance Decreases By 70.76%; Non Performing Loans Increased by Massive 391.67% in Q3
Fri, Apr 21, 2023 12:08 PM on Latest, Financial Analysis, Stock Market,
Janaki Finance Limited (JFL) has registered a decline in net profit by 70.76 percent in the third quarter (Q3) of the fiscal year 2079/80.
As per the report published by the finance company today, its net profit has decreased to Rs 1.53 crore in the third quarter from Rs 5.24 crore in the corresponding quarter.
Janaki Finance has paid up capital of Rs 69.04 crore and has a reserves of Rs 29.82 crore in Q3. The company also has negative retained earnings of Rs. 19.5 Crores.
JFL has deposit collection of Rs 3.34 arba whereas it has floated loans and advances of Rs 2.62 arba.
On the other hand the NPL of the company has increased by massive 391.67% to 23.60%. Non-performing loans, known as "NPLs," are bank loans that are likely to be repaid late or not at all by the borrower. The CAR of JFL stood at 17.17 percent for this quarter.
JFL’s annualized earning per share (EPS) stand at Rs 2.96, net worth per share is at Rs 114.88
Major Highlights:
| Particulars (In Rs '000) | Janaki Finance Limited | ||
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Paid Up Capital | 690,472.80 | 690,472.80 | 0.00% |
| Retained Earnings | -195,550.75 | 62,036.52 | -415.22% |
| Reserves | 298,285.95 | 205,107.03 | 45.43% |
| Deposits | 3,345,629.80 | 3,075,839.14 | 8.77% |
| Loans & Advances to Customers | 2,627,723.79 | 2,871,971.71 | -8.50% |
| Net Interest Income | 148,897.20 | 147,876.42 | 0.69% |
| Personnel Expenses | 14,584.92 | 20,370.59 | -28.40% |
| Impairment Charges | 102,948.56 | 47,244.46 | 117.91% |
| Operating Profit | 19,556.60 | 66,414.66 | -70.55% |
| Net Profit | 15,345.47 | 52,483.85 | -70.76% |
| Capital Adequacy (%) | 17.17 | 23.94 | -28.28% |
| NPL (%) | 23.60 | 4.80 | 391.67% |
| Cost of Fund (%) | 11.32 | 9.31 | 21.59% |
| EPS (In Rs.) | 2.96 | 10.13 | -70.76% |
| Net Worth per Share (In Rs.) | 114.88 | 138.69 | -17.17% |
| Qtr End Market Price | 348 | - | - |
