Rise in core business revenue results 118.90% rise in net profit of National Microfinance; EPS stands at Rs 103.98
Mon, May 3, 2021 6:22 AM on Financial Analysis, Stock Market, Latest,
National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) published the third-quarter report of FY 2077/2078 with an outstanding 118.90% increment in Net Profit. As per the report published by the company, the net profit increased to Rs. 24.91 crore as compared to Rs. 11.38 crore in the corresponding quarter of the previous year.
The borrowings of the company increased by a massive 93.37% to Rs. 4.67 Arba which was Rs. 2.41 arba in the corresponding quarter of the previous year. The deposits of the company increased by 26.84% to Rs 2 arba. The company’s loans and advances have also increased by 77.43% to 7.36 Arba in this quarter.
The net interest income (core revenue) has increased by 105.98% to Rs. 45.57 crore compared to Rs. 22.12 crore in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 31.94 crores in this quarter and its reserve and surplus stood at Rs. 38.37 crore which is an increase of 55.73% in this quarter.
The company is in the acquisition process with Mahila Sahayatra Laghubitta Bittiya Sanstha Limited (MSMBS) and recently got final approval from NRB for the acquisition process.
Its annualized earnings per share (EPS) stands at Rs. 103.98. The net worth per share is Rs. 220.12. The company traded at a P/E (quarter-end) multiple of 32.20 times.
Major Highlights:
| Particulars (In Rs '000) | National Microfinance | ||
|---|---|---|---|
| Q3 2077/78 | Q3 2076/77 | Difference | |
| Paid Up Capital | 319,495.00 | 264,045.00 | 21.00% |
| Reserve & Surplus | 383,769.00 | 246,435.00 | 55.73% |
| Borrowings | 4,670,733.00 | 2,415,489.00 | 93.37% |
| Deposits | 2,008,073.00 | 1,583,163.00 | 26.84% |
| Loans & Advances | 7,368,544.00 | 4,153,034.00 | 77.43% |
| Net Interest Income | 455,777.00 | 221,268.00 | 105.98% |
| Staff Expenses | 92,858.00 | 83,069.00 | 11.78% |
| Provision for possible losses | 28,603.00 | 29,150.00 | - |
| Operating Profit | 395,491.00 | 180,675.00 | 118.90% |
| Net Profit | 249,160.00 | 113,825.00 | 118.90% |
| Capital Adequacy (%) | 10.06 | 12.24 | -17.81% |
| NPL (%) | 2.99 | 2.00 | - |
| Cost of Fund (%) | 6.25 | 9.41 | -33.58% |
| EPS (In Rs.) | 103.98 | 57.48 | 80.91% |
| Net Worth per Share (In Rs.) | 220.12 | 193.33 | 13.86% |
| Qtr end PE Ratio (times) | 32.20 | - | - |
| Qtr End Market Price | 3348 | - | - |
