Manjushree Finance publishes third Quarterly Report; Net profit and Reserve surges by 49.48% & 135.38% respectively

Manjushree Finance has earned a net profit for the 3rd quarter of Rs 5.46 crores which is around 49.48% more than that earned in the corresponding quarter of the previous fy. The rise in Net interest Income by approximately 29.21% has contributed for the rise in Net profit. 

The company has increased its paid-up capital by 16.10% to Rs 72.44 crores in the review period, whereas a surge of 135.38% is noticed in the company's reserve. A balanced growth is seen in the borrowing and lending. The company has 2.13% Non-performing loan.

In terms of the key ratios, the company has a per share earning of Rs 10.06. and has a net worth per share of Rs 121.45. The last traded price was Rs 131.

Positive Sides :

• Significant growth in Net Profit. 
• Excellent increase in Reserve
• Balanced growth in lending and borrowing. 

Negative Sides :

• Noticable increase of 87% in Interest expense 
• Rise in Staff expense by 68.5%

Key Ratios :

• Earning per share : Rs 10.06
• Net worth              : Rs 121.04
• P/E Ratio              : 12.82 times
• P/B Ratio              : 1.06 times
• NPL                      : 2.13