Manjushree Finance Reports 27.93% Profit Growth in Q3, Distributable Profit Jumps Nearly 50%
Summary
Manjushree Finance Limited reported a 27.93% increase in net profit to Rs. 21.89 crore in Q3 FY 2082/83, with distributable profit rising nearly 50% to Rs. 30.54 crore. Loans and deposits also saw significant growth during the period.
Key Points
- Manjushree Finance's net profit in Q3 FY 2082/83 rose by 27.93% to Rs. 21.89 crore compared to the previous year.
- Loans and advances grew by 12.06% to Rs. 19.85 arba, while deposits increased by 8.10% to Rs. 22.73 arba.
- Distributable profit surged by 49.95% to Rs. 30.54 crore, indicating higher shareholder return capacity.
- Non-performing loan ratio improved to 3.99%, and cost of fund decreased by 25.61% to 4.56%.
