Manappuram Finance Limited · NSE:MANAPPURAM
Manappuram Finance — Manappuram General Finance and Leasing — Q2 FY2010-11 Earnings Presentation
39 slides from Manappuram Finance's earnings presentation, Oct 29, 2010
Slide 1: Financial Highlights for the quarter ended September 30, 2010
Manappuram General Finance and Leasing Limited Make Life Easy Financial Highlights For the quarter ended September 30, 2010
Slide 2: Unaudited Financial Results for the quarter ended September 30, 2010
Manappuram General Finance and Leasing Limited Regd. & Corp.Office: V/104, Manappuram House, Valapad, Thrissur - 680567 Unaudited Financial Results for the quarter ended September 30, 2010 (Rs. in Lakhs) Particulars Quarter Quarter % of Six months Six months % of Year ended ended ended Change ended
Slide 3: Earnings per share and shareholding
10 Paid up Equity Share Capital (Face value: Rs.2/- per share) 7,141.33 1,725.58 7,141.33 1,725.58 3,403.90 11 Reserves excluding revaluation reserves 57,652.10 12 Earnings Per Share (Rs.) - Basic 1.75 1.08 3.11 1.89 4.09 - Diluted 1.73 1.08 3.08 1.89 4.07 (Nominal value of equity share - Rs 2/-) [N
Slide 4: Balance sheet as at September 30, 2010
Balance she e t as at Se pte mbe r 30, 2010 (All amounts are in millions of Indian rupees unless otherwise stated) As at As at Sche dule Se pte mbe r 30, 2010 March 31, 2010 SOURCES OF FUNDS Share holde rs' funds Share capital 1 714.13 340.39 Reserves and surplus 2 7,569.73 5,765.23 Loan funds Secur
Slide 5: Schedules to accounts: Share capital
Schedules to accounts (All amounts are in millions of Indian rupees unless otherwise stated) As at As at September 30, 2010 March 31, 2010 Schedule 1:Share capital Authorized 530,000,000 equity shares of Rs. 2/- each (Previous year - 106,000,000 equity shares 1,060.00 1,060.00 of Rs. 10/- each) 400,
Slide 6: Schedule 2: Reserves and surplus
Sche dule 2:Re se rve s and surplus Capital redemeption reserve Opening balance 40.00 22.85 Add: Transferred from Profit and loss account - 17.15 Less: Capitalised for bonus issue (40.00) - - 40.00 Securities premium account Opening balance 3,988.96 877.30 Add: Securities premium on merger of MAFIT
Slide 7: Schedules 3 and 4: Secured and unsecured loans
Schedules to accounts (All amounts are in millions of Indian rupees unless otherwise stated) As at As at September 30, 2010 March 31, 2010 Schedule 3:Secured loans 3,420,960 (Previous year - 2,619,833) 7.5% - 13% (Previous year 9% - 14.5%) 3,420.96 2,619.84 Secured Non-convertible Debentures of Rs.
Slide 8: Schedule 5: Fixed Assets
Schedule 5: Fixed Assets GROSS BLOCK DEPRECIATION NET BLOCK As on As on As on As on As on As on Asset Additions Deletions For the Period Sale Adj April 1. 2010 September 30, 2010 April 1. 2010 September 30, 2010 September 30, 2010 March 31, 2010 Computer Equipment 168.81 64.97 4.89 228.90 62.68 18.1
Slide 9: Schedule 6: Deferred tax
Schedule 6:Deferred tax (liability) / asset (net) Deferred tax liability Differences in depreciation and other differences in block of fixed assets as per tax (61.34) (34.76) books and financial books Deferred tax asset Effect of expenditure debited to profit and loss account in the current year but
Slide 10: Schedule 7: Investments
Schedules to accounts (All amounts are in millions of Indian rupees unless otherwise stated) As at As at Schedule September 30, 2010 March 31, 2010 Schedule 7:Investments Long Term Investments (Quoted, at cost) A. Other than trade 62,000 (Previous year - 62,000) units of Rs. 100 each in 6.15 6.15 7.
Slide 11: Schedules 8 and 9: Cash and bank balances, other current assets
Schedules to accounts (All amounts are in millions of Indian rupees unless otherwise stated) As at As at September 30, 2010 March 31, 2010 Schedule 8:Cash and bank balances Cash on hand 1,430.01 644.98 - - Balances with scheduled banks - - - on current accounts 1,521.39 841.12 - on deposit accounts
Slide 12: Schedule 10: Loans and advances
Schedule 10:Loans and advances Secured, considered good Loans: - Gold 36,801.50 18,456.23 - Hypothecation 73.26 172.38 - Stock on Hire 3.02 8.24 - Others 63.30 57.52 Unsecured, considered good - - Advances recoverable in cash or kind or for value to be received 231.16 62.15 Deposits 246.05 150.61 37
Slide 13: Schedules 11 and 12: Current liabilities and provisions
Schedules to accounts (All amounts are in millions of Indian rupees unless otherwise stated) As at As at September 30, 2010 March 31, 2010 Schedule 11:Current liabilities Sundry creditors for expenses 316.53 148.81 Book overdraft 18.99 6.68 Interest accrued 211.31 169.11 Unmatured finance charges 10
Slide 14: Schedules 13 and 14: Income from services, other income
Schedules to accounts (All amounts are in millions of Indian rupees unless otherwise stated) Six months ended Six months ended September 30, 2010 September 30, 2009 Schedule 13:Income from services Interest and other income from - Gold and other loans 4,196.34 1,448.51 - Business loans 0.39 1.11 - P
Slide 15: Schedules 15-17: Personnel, operating and financial expenses
Sche dule 15:Pe rs onne l e xpe ns e s Salaries, wages and bonus 521.53 164.13 Contribution to provident and other funds 53.73 17.35 Staff welfare expenses 2.15 0.12 577.41 181.61 Sche dule 16:Ope rating and othe r e xpe ns e s Rent 127.11 39.30 Electricity 14.42 5.29 Insurance 11.40 1.14 Travel and
Slide 16: Major developments during the Qtr ended September 30, 2010
Major developments during the Qtr ended September 30,2010 Mr. Jagdish Capoor former chairman of HDFC Bank joined the Board as an additional director. Rs 1 billion infused by promoters in the form of equity. Opened 258 branches during the quarter thereby taking the total branch strength to 1393
Slide 17: Notes
Notes In the view of Manappuram General Finance and Leasing Ltd (MAGFIL) – Manappuram Finance Tamilnadu Ltd(MAFIT) merger, the numbers of MAFIT for the quarter and half year ended September 30, 2010 has been added on a line by line basis to that of MAGFIL. Finance charges include Assignment expe
Slide 18: Highlights
Highlights Qtr Ended Qtr Ended Increase Particulars Sept 09 Sept 10 % (Rs. In Million) (Rs. In Million) Net Profit 266 601 126 Income 1,269 2,625 107 AUM 17,841 49,558 178 Net Worth 3,030 8,283 173
Slide 19: Key Particulars and Ratios
% of SL % of Change Qtr 1 2010- Particulars Qtr 2 2009-10 Qtr 2 2010-11 Change No Q-Q 11 Sequential Operating Income (in 1 1269 2625 107 1983 32 millions) 2 PAT (in millions) 266 601 126 462 30 3 AUM (in millions) 17844 49558 178 33765 47 4 Customers (in mns) 0.44 0.83 89 0.64 30 7 Cost of Borrowing
Slide 20: Unaudited Balance Sheet – Grown by 40% during the qtr.
Unaudited Balance Sheet – Grown by 40% during the qtr. (Rs. In Million) Particulars 30.06.2010 30.09.2010 Increase % Balances with banks 1,410 1,924 36 Investments 1,646 6 (100) Advances 33,765 49,558 47 Fixed Assets 668 876 31 Other Assets 3,389 4,701 39 Total 40,878 57,065 40 Capital 680 714 5 Res
Slide 21: Unaudited Balance Sheet – Grown by 162% in one year
Unaudited Balance Sheet – Grown by 162% in one year (Rs. In Million) Particulars 30.09.2009 30.09.2010 Increase % Balances with banks 1,251 1,924 54 Investments 11 6 (45) Advances 17,845 49,558 178 Fixed Assets 425 876 106 Other Assets 2,234 4,701 110 Total 21,766 57,065 162 Capital 298 714 140 Rese
Slide 22: Profit After Tax
Profit After Tax Y-o-Y Comparison Q-o-Q Comparison Net profit for the year ended March 31, 2010 was Net profit for the quarter ended Sept Rs. 1197 Million, up 150%, as against 71% for the 30, 2010 was Rs. 601 Million, up year ended March 31, 2009. 126% 1,197 Rs. in Million Rs. In Million 601 476 279
Slide 23: Gross Income
Gross Income Y-o-Y Comparison Q-o-Q Comparison Gross income for the year ended March 31, 2010 Gross income for the quarter ended was Rs. 5459 Million, up by 73%, as against 84% Sept 30, 2010 was Rs. 2624 Million, for the year ended March 31, 2009. up 107%, as against 1269 Million for the quarter end
Slide 24: Income Spread
Income Spread Gross income for the qtr ended Sept 30, 2010 was Rs. 2624 Mn. Gold Loan Contributing 99% of interest income. Rs. in Million Other Income 33.00 Gold Loan Rs. 2562Million Fee based Income 7.00 (99%) Interest Income 2,584.00 Other Loan Rs. 22 Million (1%)
Slide 25: Expense Spread
Expense Spread Total expense for the qtr ended Sept 30, 2010 was Rs. 1722 Million Rs. In Million Employee 346 Financial 826 Advert – Rs. 272 Million Operating 520 Rent - Rs. 73 Million Others - Rs. 175 Million Depreciation 30
Slide 26: Business Mix
Business Mix Total business as on the qtr ended Sept 30, 2010 was Rs. 52976 Mn registering a growth of 15646 Mn. for the qtr. Loans & Advances -Rs. 37678 Million 52,976 Retail Borrowings -Rs. 3419 Million Assignments -Rs. 11879 Million 37,330 Rs. In Million 29,780 15,220 9,370 6,910 Mar 2007 Mar 200
Slide 27: Net worth
Net worth Net worth as on Sept 30, 2010 was Rs. 8283 Million. Promoter invested Rs 1000 Million during the quarter. 8,283 Rs. In Million 6,561 6,105 2,560 1,315 376 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Jun 2010 Sept 2010
Slide 28: Borrowings including Assignments
Borrowings including Assignments Borrowings & Assigned Portfolio as on Sept 30, 2010 was Rs. 35741 Million and 11879 Mn. respectively , aggregating to Rs 47620 Mn. Rs. In Million 47,620 33,044 25,433 13,162 7,820 5,860 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Jun 2010 Sept 2010
Slide 29: Credit Lines
Credit Lines Borrowings for the qtr ended Sept 30, 2010 was Rs. 47169 Million. 3% 7% Particulars Rs. In Million 11% 25% Securitization/Assignment 11879 OD,WCDL,STL 25623 Retail Borrowings 3419 54% Commercial Paper 5185 Others 1513 Total 47619
Slide 30: Total Assets
Total Assets Total assets for the year ended Sept 30, 2010 was Rs. 57067 Million, up 40%, during the qtr. Rs. in Million 57,067 40,880 32,712 16,300 9,130 6,240 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Jun 2010 Jun 2010
Slide 31: Asset Portfolio
Asset Portfolio Total assets for the qtr ended Sept 30, 2010 was Rs. 57067 Million. 0% 2% Particulars Rs. In Million 12% Fixed Asset 877 Current Asset 6626 Advances 49558 Investment 6 86% Total 57067
Slide 32: Assignments
Assignments Assignments for the qtr ended Sept 30, 2010 was Rs. 11879 Million. Rs. In Million 11,879 7,852 7,077 6,742 5,660 4,540 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Jun 2010 Sept 2010
Slide 33: Retail Borrowings
Retail Borrowings Retail borrowings for the qtr ended Sept 30, 2010 was Rs. 3419 Million, steady at year end numbers. Rs. In Million 3,551 3,540 3,419 2,621 1,443 1,193 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Jun 2010 Sept 2010
Slide 34: Bad Debts & Provisions
Bad Debts & Provisions Bad debts & Provisions for the qtr ended Sept 30, 2010 was Rs. 47 Million, up 161%, as against 18 Million for the qtr ended Sept 30, 2009. Rs. in Million 181 142 47 39 30 19 2006-07 2007-08 2008-09 2009-10 Q2 2009-10Q2 2010-11
Slide 35: Non performing Assets as on September 30, 2010
Non performing Assets as on September 30,2010( Rs. In Million) Loan out Gross Gross Asset Provision Net NPA Net NPA % standing NPA NPA% HP/Hypothecation 257.62 204.64 79.43% 181.57 23.07 8.95% Gold Loan 48,756.42 114.03 0.24% 64.76 53.27 0.11% Others 69.31 21.27 30.68% 7.82 13.45 19.40% Total 49,083
Slide 36: Operating Expenditure
Operating Expenditure Operating Expenditure including salary cost for the qtr ended Sept 30, 2010 was Rs. 850 Million, up 188%, as against 295 Million for the qtr ended Sept 30, 2009. Rs. in Million 1,537 825 850 416 295 202 2006-07 2007-08 2008-09 2009-10 Q2 2009-10Q2 2010-11
Slide 37: Full Tax Paying Company
Full Tax Paying Company Income Tax for the qtr ended Sept 30, 2010 was Rs. 298 Million, up 115%, as against 138 Million for the qtr ended Sept 30, 2009. Rs. in Million 621 298 263 145 138 81 2006-07 2007-08 2008-09 2009-10 Q2 2009-10Q2 2010-11
Slide 38: Social Dividend
Social Dividend Health Insurance for BPL families; The plan envisages free health insurance for all the 20,000 identified families in the Nattika Assembly constituency. The policy covers their medical expenses under RSBY and UHI up to an annual limit of Rs. 60,000, with “cashless” treatment made ava
Slide 39: Thank You
Thank You
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