Janaki Finance posts marginal dip in profit in first quarter; NPL worrisome

Janaki Finance Company Limited has reported a marginal dip in profit of 0.87 percent in the first quarter of the current fiscal year 2069/70 compared to the corresponding quarter.

Its net profit has dropped to Rs 99.13 lakh, down from Rs 1 crore in the corresponding quarter last year, according to the first quarterly unaudited report it has published today.

The finance company based in Janakpur mobilized Rs 1.13 arba in deposit and Rs 74.58 in loan.

Its EPS stands at Rs 6.77 and the networth per share is Rs 184.71, which quite good.

But, its non-performing loan is somewhat alarming.

It has grown to 10.31 percent of the total loan in the first quarter compared to 7.65 percent in the corresponding quarter last year.

Published Q1

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