Manjushree Finance Limited has published its unaudited financial results for the third quarter of the current fiscal year. As per the report, the company’s net profit increased by 27.93 percent to Rs 21 crore 89 lakh, up from Rs 17 crore 11 lakh in the same period last year.
The growth in profit is mainly attributed to an increase in net interest income and a decline in impairment charges. During the review period, net interest income rose by 10.24 percent to Rs 68 crore 47 lakh, while total operating income increased by 10.15 percent to Rs 80 crore 3 lakh. Meanwhile, impairment charges declined from Rs 14 crore 54 lakh to Rs 11 crore 75 lakh.
The non-performing loan (NPL) ratio improved, decreasing by 0.21 percentage points to 3.99 percent.
In terms of business expansion, the finance company collected deposits worth Rs 22 arba 73 crore and disbursed loans totaling Rs 19 arba 85 crore during the period.
The company’s paid-up capital stands at Rs 1 arba 35 crore 15 lakh. It has reported distributable profit of Rs 30 crore 54 lakh, while reserves have reached Rs 1 arba 11 crore 9 lakh. Earnings per share (EPS) increased by Rs 4.71 to Rs 21.60, and net worth per share stands at Rs 182.20.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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