NMB Microfinance Bittiya Sanstha Limited (NMBMF) has reported decrease in net profit by 6.65% for the first quarter of the FY 2074/75.
Publishing the unaudited financial report for the first quarter today, the microfinance company has stated that its net profit fall to Rs 88.54 lakh, from Rs 94.85 lakh reported in the corresponding quarter of the previous fiscal year 2073/74..
The microfinance has borrowings of Rs 1.65 arba in the Q1 compared to Rs 1.00 arba in the corresponding quarter last year. Likewise, it extended loans of Rs 1.95 arba, up from Rs 1.05 arba.
It’s paid up capital remains at Rs 14.08 crore (including 25% bonus shares from the net profit of FY 2073/74) and has reserve of Rs 8.50 crore.
The microfinance non-performing loan (NPL) has slightly increased from 1.04% in the corresponding quarter to 1.38 % in Q1.
Its annualized Earning per Share (EPS) has decreased to Rs 25.14 in Q1 compared to Rs 43.94 in corresponding quarter. Its net worth per share is at Rs 160.40 and P/E ratio at 111.37 times.
Major Highlights:
| Particulars (In Rs '000) |
NMB Microfinance |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
140,875 |
86,342 |
63.16% |
| Reserve & Surplus |
85,084 |
31,035 |
174.15% |
| Deposits |
460,377 |
233,190 |
97.43% |
| Borrowings |
1,654,747 |
1,000,847 |
65.33% |
| Loans & Advances |
1,955,007 |
1,050,337 |
86.13% |
| Net Interest Income |
41,937 |
30,956 |
35.47% |
| Provision for possible losses |
6,768 |
2,003 |
237.89% |
| Operating Profit |
13,864 |
14,904 |
-6.98% |
| Net Profit |
8,854 |
9,485 |
-6.65% |
| NPL (%) |
1.38 |
1.04 |
32.69% |
| Annualized EPS (In Rs.) |
25.14 |
43.94 |
-42.79% |
| Net Worth per Share (In Rs.) |
160.40 |
135.94 |
17.99% |
| P/E Ratio (In times) |
111.37 |
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