First Microfinance Development Bank Limited (FMDBL) has posted a net profit growth of 47.19% in the fourth quarter of last fiscal year 2073/74.
As per the unaudited financial statement published by the microfinance company today, its net profit has surged to Rs 8.02 crore in Q4, up from Rs 5.45 crore posted in the same period last year.
In the same period, its borrowing has increased by 17.83% and loans has increased by almost 30.31%. Its borrowings now stands at Rs 3.24 arba and floated loans at Rs 3.40 arba. The figures stood at only Rs 2.75 arba and Rs 2.61 arba respectively in the fourth quarter last year.
Its net interest income has increased by 42.39% to Rs 12.93 crore in the fourth quarter. Its non- performing loan (NPL) is nil.
At the end of Q4, its paid up capital has reached Rs 39.55 crore with reserve of Rs 12.25 crore. There is 22.73% increment of reserve & surplus, compared to the previous quarter ending which is a 189% increase year-on-year.
Its EPS now stands at Rs 20.29, net worth per share at Rs 130.98 and P/E ratio at 52.85 times. As per NRB's directive for wholesale microfinance institutions, FMDBL should increase its paid up capital to Rs 60 crore by the end of FY 2074/75.
Major Highlights:
| Rs. In '000 |
Q4 2073/74 |
Q4 2072/73 |
Difference (%) |
| Paid Up Capital |
395,587 |
264,500 |
49.56% |
| Reserve |
122,534 |
42,291 |
189.74% |
| Borrowings |
3,242,007 |
2,751,454 |
17.83% |
| Deposits |
- |
- |
- |
| Loans & Advances |
3,404,928 |
2,612,960 |
30.31% |
| Net Interest Income |
129,313 |
90,817 |
42.39% |
| Provision for Possible Loss |
7,999 |
5,700 |
40.33% |
| Operating Profit |
124,267 |
83,107 |
49.53% |
| Net Profit |
80,242 |
54,514 |
47.20% |
| NPL |
0.00% |
0.00% |
0.00% |
| EPS |
20.28 |
20.61 |
-1.58% |
| Net Worth Per Share |
130.98 |
|
|
| P/E Ratio |
52.85 |
|
|
