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 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 |
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