Mero Microfinance net profit rises by 3.48% to Rs 16.22 crore in Q4; Non performing loan rises to 3.65%
Wed, Aug 12, 2020 8:02 AM on Company Analysis, Latest,
Mero Microfinance Laghubitta Bittiya Sanstha Limited (MERO) has reported a meager rise in net profit by 3.48% in the fourth quarter of the fiscal year 2076/77.
MERO has published an unaudited financial report for the fourth quarter today. It has stated that net profit has increased to Rs. 16.22 crore in the fourth quarter of fiscal year 2076/77 from Rs 15.68 crore reported in the corresponding quarter of the previous fiscal year 2075/76.
The microfinance has borrowings of Rs. 3.94 Arba. Likewise, it extended loans of Rs. 5.84 Arba which is an increment from the corresponding quarter of Rs. 4.66 Arba. It has collected deposits of Rs. 1.58 Arba till the fourth quarter of the current fiscal year.
It has paid-up capital of Rs.85.51 Crore with a reserve of Rs.35.33 Crore in Q4.
MERO’s net interest income has increased from Rs. 38.10 Crore in the corresponding quarter last year to Rs. 50.47 Crore in the fourth quarter of fiscal year 2076/77. Its operating profit has increased to Rs. 19.13 Crore in Q4, from Rs. 24.84 Crore in the corresponding quarter. The decline in operating profit is due to the high amount of provision of Rs. 7.76 crore.
The earnings per share (EPS) of the microfinance company stands at Rs. 18.98. The microfinance’s non-performing loan (NPL) has increased to 3.65 percent in the fourth quarter. Currently, the Net worth per share stands at Rs. 141.42 and P/E ratio at 35.52 times.
Major Highlights:
|
Particulars (In Rs '000) |
Meromicrofinance Laghubitta |
||
|---|---|---|---|
|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
|
Paid Up Capital |
855,140.00 |
855,140.00 |
0.00% |
|
Reserve & Surplus |
353,354.17 |
191,143.26 |
84.86% |
|
Deposits |
1,586,049.84 |
1,210,633.44 |
31.01% |
|
Borrowings |
3,945,185.96 |
2,976,288.95 |
32.55% |
|
Loans & Advances |
5,842,801.03 |
4,666,810.18 |
25.20% |
|
Net Interest Income |
504,753.00 |
381,086.63 |
32.45% |
|
Staff Expenses |
244,214.35 |
167,782.74 |
45.55% |
|
Provision for possible losses |
77,669.79 |
22,637.92 |
- |
|
Operating Profit |
191,326.36 |
248,453.68 |
-22.99% |
|
Net Profit |
162,268.13 |
156,808.24 |
3.48% |
|
Capital Adequacy (%) |
16.94 |
19.70 |
-14.01% |
|
NPL (%) |
3.65 |
1.20 |
|
|
Cost of Fund (%) |
7.70 |
9.71 |
-20.70% |
|
EPS (In Rs.) |
18.98 |
18.34 |
3.48% |
|
Net Worth per Share (In Rs.) |
141.32 |
122.35 |
15.50% |
|
PE Ratio (times) |
35.52 |
- |
- |
|
Qtr End Price |
674.00 |
- |
- |
|
PB Ratio (times) |
4.8 |
- |
- |
