Q1 FY 2081/82: Janaki Finance Sees Profit Soar to Rs 6.90 crores; Annualized EPS Surged to Rs 40.00
Thu, Oct 24, 2024 7:55 AM on Financial Analysis, Company Analysis, Latest,
Janaki Finance Company (JFL) has experienced significant financial changes in the first quarter of FY 2081/82 compared to the same period in FY 2080/81.
The paid-up capital remained stable at Rs 69.04 crores, but retained earnings fell sharply to negative of Rs 65.25 crores, indicating accumulated losses. On a positive note, reserves increased by 44.26% to Rs 43.09 crores, and customer deposits grew by 22.14%, reaching Rs 4.37 Arba, reflecting increased customer confidence. However, loans and advances slightly decreased by 1.12% to Rs 3.09 Arba, suggesting a cautious approach to lending.
The company’s net interest income declined by 3.40% to Rs 4.93 crores. Personnel expenses surged dramatically by 238.23% to Rs 1.65 crores, likely due to increased staffing or higher salaries. A significant reversal in impairment charges, from a loss of Rs 4.365 crores last year to a reversal of Rs 7.71 crores, contributed to a remarkable operating profit of Rs 9.86 crores, marking a staggering increase of 15,723.24%.
While net profit soared to Rs 6.90 crores—a 15,723.22% increase from Rs 4.36 lakhs—the capital adequacy ratio plummeted from 15.84% to 3.84%, raising regulatory concerns. The non-performing loan (NPL) ratio also nearly doubled to 34.64%, indicating deteriorating asset quality. Despite a decline in the net worth per share to Rs 67.90 from Rs 92.75, Annualized earnings per share (EPS) surged to Rs 40.00.
* Figures are of Immediate Previous Year Quarter Ending
Major Highlights:
| Particulars (In Rs '000) | Janaki Finance Company | ||
|---|---|---|---|
| Q1 2081/82 | Q1 2080/81 | Difference | |
| Paid Up Capital | 690,472.80 | 690,472.80* | 0.00% |
| Retained Earnings | -652,561.98 | -348,731.74* | 87.12% |
| Reserves | 430,911.43 | 298,696.76* | 44.26% |
| Deposits from Customers | 4,367,954.57 | 3,576,186.10* | 22.14% |
| Loans & Advances to customers | 3,091,621.80 | 3,126,529.83* | -1.12% |
| Net Interest Income | 49,344.71 | 51,080.10 | -3.40% |
| Personnel Expenses | 16,587.51 | 4,904.15 | 238.23% |
| Impairment Charges | -77,188.38 | 43,653.40 | - |
| Operating Profit | 98,651.24 | 623.46 | 15723.24% |
| Net Profit | 69,055.87 | 436.42 | 15723.22% |
| Capital Adequacy (%) | 3.84 | 15.84 | -75.76% |
| NPL (%) | 34.64 | 17.60 | 96.82% |
| Cost of Fund (%) | 8.46 | 10.93 | -22.60% |
| Annualized EPS (In Rs.) | 40.00 | 0.25 | 15723.22% |
| Net Worth per Share (In Rs.) | 67.90 | 92.75 | -26.80% |
| Qtr end PE Ratio (times) | 17.35 | - | - |
| Qtr End Market Price | 694 | - | - |
