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Increased Core Business Revenue And Lower Provisioning Led Janaki Finance To Be Profitable In Q2

Janaki Finance Limited (JFL) has earned Rs 3.55 crore till the second quarter for the fiscal year 2078/79 whereas last corresponding year the company reported loss.

Janaki finance has paid-up capital of Rs 60.04 crore. Its reserve and surplus have increased to Rs 34.05 crore in Q2.

JFL has a deposit collection of Rs 3.08 arba whereas it has floated loans and advances of Rs 2.99 arba. It has an NPL of 8.32%. The net interest income was reported at Rs. 9.51 Crore which was Rs. 5.75 Crore in the corresponding quarter of the previous year.

The finance company annualized earning per share (EPS) stands at Rs 11.85, net worth per share is at Rs 156.71 and the P/E ratio is at 59.98 times.

Click here for the Q2 report

Major Financial Highlights:

Particulars Janaki Finance Company Limited
Q2, 2078/2079 Q2, 2077/2078 Difference
Paid-Up Capital 600,411.10 600,411.10 0.00%
Reserve & Surplus 340,513.09 266,651.40 27.70%
Deposit from Customers 3,083,090 2,877,184 7.16%
Loans & Advances 2,997,239 2,158,356 38.87%
Net Interest Income 95,174.28 57,577.57 65.30%
Impairment Charge/(Reversal) for loans 33,229.94 81,974.97
Operating Profit 42,752 -34,587.14
Net Profit 35,589.18 -33,045.80
Capital Adequacy (%) 27.83% 25.64%
NPL (%) 5.31% 7.93%
Cost of fund (%) 8.32% 8.23%
EPS (Rs.) 11.85 -11.01
Net worth per share (Rs.) 156.71 144.41
Qtr end PE ratio (Times) 59.98
Qtr End Market Price 711

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