Aarambha Microfinance makes a turnoaround this quarter reporting 290% net profit growth; EPS as of Q3 2075/76 stands at Rs 12.77
Wed, May 8, 2019 2:04 PM on Financial Analysis, Latest, Stock Market,
Aarambha Microfinance Bittiya Sanstha Limited ( AMFI ) has published its Q3 report of the fiscal year 2075/76 reporting a net profit of Rs 76.67 Lakhs. The profit of the company in Q3 2075/76 has increased massively by 290% compared to Rs 19.63 lakhs in the Q3 2074/75.
The borrowings of the company has decreased by 5% to Rs 30.18 crore from Rs 31.88 crore in Q3 2075/76. The microfinance company collected deposits of Rs 14.58 crore and has floated loans of Rs 45.73 crore in the Q3 2075/76. Loan & advances of the company have increased by 24% compared to the corresponding quarter of last fiscal year.
The net interest income of the company has grown by 22%, from Rs 1.93 crore to Rs 2.36 crore in Q3 2075/76. Operating profit has surges massively by 652% to Rs 84.34 lakhs in Q3 2075/76 from loss of Rs 15.27 lakh in the corresponding quarter.
The microfinance company's Paid-Up capital and reserve of AMFI stands at Rs 6 crore and Rs 51.75 lakh respectively. The EPS and net worth per share stood at Rs 12.77 and Rs 108.62 respectively in Q3 2075/76. P/E ratio according to the report is 49.8 times.
Major Highlights:
| Particulars (In Rs '000) | AMFI | ||
|---|---|---|---|
| Q3 2075/76 | Q3 2074/75 | Difference | |
| Paid Up Capital | 60,000 | 60,000 | - |
| Reserve & Surplus | 5,175 | -3,398 | 252.32% |
| Deposits | 145,864 | 89,032 | 63.83% |
| Borrowings | 301,809 | 318,851 | -5.34% |
| Loans & Advances | 457,313 | 368,381 | 24.14% |
| Net Interest Income | 23,678 | 19,318 | 22.57% |
| Provision for possible losses | 598.56 | 5,394 | -88.90% |
| Operating Profit | 8,434 | -1,527 | 652.47% |
| Net Profit | 7,667 | 1,963 | 290.64% |
| NPL (%) | 2.59 | 3.32 | -21.99% |
| Annualized EPS (In Rs.) | 12.77 | ||
| Net Worth per Share (In Rs.) | 108.62 | ||
| PE ratio | 49.8 | ||
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