Womi Microfinance Bittiya Sanstha Limited (WOMI) has posted a net profit growth of 38.92 % in the first quarter of the FY 2074/75.
As per its unaudited report published today, its net profit has increased to Rs 73.17 lakh in first quarter from Rs 52.67 lakh in the corresponding quarter.
Its paid up capital now stands at Rs 6.48 crore and reserve at Rs 3.94 crore. It had announced 20% bonus shares from net profit of FY 2073/74 and 30% right shares. After 20% bonus share, its paid up capital will reach Rs 7.77 crore. Likewise, after issuance of 30% right share its capital will reach Rs 10.10 crore.
As of the end of Q1, Womi Microfinance has borrowings of Rs.47.66 crore in Q1, up from Rs 22.50 crore in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 83.86 crore in Q1 whereas in the same period last year, the figure stood at Rs. 44.11 crore. It has deposits of Rs 30.04 crore.
The microfinance’s non-performing loan (NPL) has decreased from 0.84% in the corresponding quarter to 1.94% in Q1.
Womi Microfinance’s annualized earning per share (EPS) has slightly increased to Rs 45.17 in first quarter from Rs 45.02 in corresponding quarter. Meanwhile, its net worth per share has increased to Rs 151.30 from Rs 139.25—rises by 8.65%. Its P/E ratio is at 42.99 times.
Major Highlights:
| Particulars (In Rs '000) |
Womi Microfinance (WOMI) |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
64,800 |
46,800 |
38.46% |
| Reserve & Surplus |
33,243 |
18,369 |
80.97% |
| Deposits |
300,477 |
158,386 |
89.71% |
| Borrowings |
476,604 |
225,075 |
111.75% |
| Loans & Advances |
838,663 |
441,128 |
90.12% |
| Net Interest Income |
16,349 |
13,523 |
20.90% |
| Provision for possible losses |
1,262 |
545 |
131.56% |
| Operating Profit |
11,499 |
6,556 |
75.40% |
| Net Profit |
7,317 |
5,267 |
38.92% |
| NPL (%) |
0.84 |
1.94 |
-56.70% |
| Annualized EPS (In Rs.) |
45.17 |
45.02 |
0.33% |
| Net Worth per Share (In Rs.) |
151.30 |
139.25 |
8.65% |
| P/E Ratio (In times) |
42.99 |
- |
- |
Likewise, Infinity Microfinance Bittiya Sanstha Limited has posted a net loss of Rs 10.97 lakh in the first quarter of the current FY 2074/75.
As per the unaudited financial report published in newspaper today, its borrowing has reached to Rs 22.61 crore in Q1.
Likewise, it has extended loans and advances of Rs. 21.24 crore in Q1 and deposit collection reached to Rs 5.02 crore.
Infinity Microfinance will be issuing Initial Public Offering (IPO) to the general public in upcoming days.
