First Microfinance become the first listed company to publish Q1 report of FY 2076/77; Net profit rises by 16.33% with annualized EPS of Rs 13.41
Sun, Oct 20, 2019 10:29 AM on Financial Analysis, Stock Market, Latest,
First Microfinance Laghubitta Bittya Sanstha (FMDBL) became the first listed companies in NEPSE to publish first quarterly report of FY 2076/77 with 16.33% profit growth.
According to the unaudited financial report for the first quarter, the microfinance has stated that its net profit increased to Rs 2.68 crore as compared to Rs 2.3 crore in the corresponding.
The borrowing of the microfinance has increased from Rs 4.14 arba in the corresponding quarter of the previous year to Rs 5.40 arba in the first quarter of the current fiscal year with 30.44% growth.
The net interest income has increased by 13.87% to Rs 4.24 crore in the Q1 of fiscal year 2076/77 from Rs 3.73 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs 4.23 crore in Q1 of the ongoing fiscal year.
First Microfinance’s paid-up capital stand at Rs 80.07 crore in the 1st quarter of FY 76/77. Its reserve & surplus stands at Rs 13.49 crore. The company average cost of funds remains stable to 10.72% this quarter.
It’s annualized Earnings per Share (EPS) has decreased slightly to Rs 13.41 from Rs 13.48 in the corresponding quarter of last fiscal year. The net worth per share stands is at Rs 116.85 and quarter end P/E ratio at Rs 23.20 times. The quarter end price of the stock is Rs 311.
Click Here for Q1 published report:
Major Highlights:
|
Particulars (In Rs '000) |
First Microfinance Laghubitta |
||
|---|---|---|---|
|
Q1 2076/77 |
Q1 2075/76 |
Difference |
|
|
Paid Up Capital |
800,741.00 |
684,394.00 |
17.00% |
|
Reserve & Surplus |
134,901.00 |
121,217.00 |
11.29% |
|
Borrowings |
5,404,931.00 |
4,143,735.00 |
30.44% |
|
Deposits |
- |
- |
- |
|
Loans & Advances |
5,623,807.00 |
4,331,294.00 |
29.84% |
|
Net Interest Income |
42,480.00 |
37,305.00 |
13.87% |
|
Staff Expenses |
6,448.00 |
5,323.00 |
21.13% |
|
Provision for possible losses |
1,176.00 |
1,969.00 |
- |
|
Operating Profit |
42,356.00 |
36,253.00 |
16.83% |
|
Net Profit |
26,838.00 |
23,070.00 |
16.33% |
|
Capital Adequacy (%) |
16.81 |
18.66 |
-9.91% |
|
NPL (%) |
0.00 |
0.00 |
- |
|
Cost of Fund (%) |
10.72 |
10.72 |
0.00% |
|
EPS (In Rs.) |
13.41 |
13.48 |
-0.57% |
|
Net Worth per Share (In Rs.) |
116.85 |
117.71 |
-0.73% |
|
Qtr end PE Ratio (times) |
23.20 |
- |
- |
|
Qtr End Market Price |
311 |
- |
- |
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