Manjushree Finance reported massive increase in net profit by 682.45% in Q2


Manjushree Finance has published Second quarter report of FY 2076/77.  Net profit massively increased  by 682.45% in the comparing period.

As per the published report, it has reported increased in net profit to Rs.14.33 crore in this Q2 of Fiscal year 2076/77 from Rs.1.96 crore in the same period last fiscal year.

Currently, it has distributable profit of Rs.9.31 crore

It has collected deposit of Rs.5.40 arba and floated loan & advances of Rs.5.50 arba in the in this quarter.

Its net interest income increased to Rs.19.69 crore in Q2 from Rs.12.42 crore in the last corresponding quarter of FY 2075/76.

Operating profit increased to Rs.10.01 crore from operating profit of Rs.2.64 crore in the same period of last fiscal year.

Increase in net profit is mainly due write back of loan loss provision and non operating profit of Rs.9.81 crore.

Its paid up capital is Rs.85.81 crore with reserves of Rs.16.65 crore. It has retained earning of Rs.9.33 crore.

Annualized earning per share (EPS) stands at Rs 35.05, Net worth per share at Rs.121.71 and PE ratio at 4.82 times.

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