Mero Microfinance Bittiya Sanstha Limited (MERO) has posted profit growth of 22.75 percent in the fourth quarter (Q4) of the last fiscal year 2073/74.
Publishing the unaudited financial report for the fourth quarter today, the microfinance company stated that its net profit rose to Rs 9.28 crore in the current fiscal year 2073/74, up from Rs 7.56 crore in the corresponding period of the previous fiscal year 2072/73.
Its net interest income has risen from Rs 17.14 crore in corresponding quarter to Rs 20.83 crore in the fourth quarter.
Mero Microfinance’s paid up capital remains at Rs 22 crore with reserve of Rs 16.97 crore in Q4.
The company has borrowings of Rs 1.73 arba in the fourth quarter, up from Rs 1.48 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 2.43 arba in Q4 whereas in the same period last year the figure stood at Rs 1.33 arba.
Its non-performing loan (NPL) has increased to 0.98% in Q4 from 1.82% in the previous year report.
MERO’s annualized earning per share (EPS) stands at Rs 42.19, net worth per share at Rs 177.14 and the P/E ratio at 52.24 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Difference(%) |
| Paid UpCapital |
220,000.00 |
200,000.00 |
10 |
| Reserve and Surplus |
169,712.03 |
117,800.44 |
44.067 |
| Borrowings |
1,731,001.68 |
1,484,048.97 |
16.64 |
| Loans and Advances |
2,403,296.53 |
1,338,456.22 |
79.56 |
| Net Interest Income |
208,367.37 |
171,455.91 |
21.53 |
| Provision |
10,047.71 |
5,778.30 |
73.89 |
| Write Back |
3,658.88 |
- |
|
| Operating Profit |
142,212.60 |
118,831.26 |
19.68 |
| Net Profit |
92,827.30 |
75,619.89 |
22.76 |
| Capital Adequacy Ratio |
16.30 |
21.80 |
-25.23 |
| NPL |
0.98 |
1.82 |
-46.15 |
| Base Rate |
- |
- |
|
| Cost of Fund |
9.33 |
4.66 |
100.21 |
| CD Ratio (as per NRB) |
481.09 |
539.96 |
-10.90 |
| EPS (Annualized) |
42.19 |
|
|
| PE Ratio |
52.24 |
|
|
| Networth Per Share |
177.14 |
|
|
