Aarambha Microfinance net profit increased by 516%; EPS & Net Worth per share stands at Rs 10.83 & Rs 100.64 respectively

Wed, Feb 6, 2019 10:21 AM on Financial Analysis, Latest, Stock Market,
Aarambha M...

Aarambha Microfinance Bittiya Sanstha Limited ( AMFI ) has published its Q2 report of the fiscal year 2075/76 reporting a net profit of Rs 31.50 Lakhs. The profit of the company in Q2 2075/76 has increased massively by 497.19% compared to Rs 5 lakhs in the Q2 2074/75.

The borrowings of the company has decreased by -14.4% to Rs 26.82 crore from Rs 31.33 crore in Q2 2075/76. The microfinance company collected deposits of Rs 13.11 crore and has floated loans of Rs 40.84 crore in the Q2 2075/76. Loan & advances of the company have increased by 17.07% compared to the corresponding quarter of last fiscal year.

The net interest income of the company has grown by 35.35%, from Rs 1.08 crore to Rs 1.46 crore in Q2 2075/76.  Operating profit has surges massively by 291.66% to Rs 34.65 lakhs in Q2 2075/76.

The microfinance company's Paid-Up capital and reserve growth ratio is around 100% in Q2 of 75/76 compared to the corresponding quarter of last fiscal year.

Currently, its Paid-Up stands at Rs 6.0 crore with reserved of Rs 2 lakhs. The EPS and net worth per share stood at Rs 10.83 and Rs 100.34 respectively in Q2 2075/76.

P/E ratio according to the report is 140.94 times (70.47 times annualized).  LTP of the stock stands at Rs 720.

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Major Highlights of Q2 75/76

Particulars (In Rs '000) AMFI    
  Q2 2075/76 Q2 2074/75 Difference
Paid Up Capital 60,000 30,600 96.08%
Reserve & Surplus 207 -4,976 104.15%
Deposits 131,087 71,789 82.60%
Borrowings 268,167 313,291 -14.40%
Loans & Advances 408,401 348,866 17.07%
Net Interest Income 14,646 10,821 35.35%
Provision for possible losses 554 3,265 -83.04%
Operating Profit 3,465 -1,808 291.66%
Net Profit 3150.26 527.47 497.19%
NPL (%) 2.73 2.38 14.71%
Annualized EPS (In Rs.) 10.83 3.45 214.26%
Net Worth per Share (In Rs.) 100.34 83.74 19.83%
P/E ratio 140.94