First Microfinance earns Rs 6.28 crore in Q2; Loans rises by 14.13% and EPS stands at Rs 14.34
Mon, Jan 18, 2021 5:39 AM on Financial Analysis, Latest,
First Microfinance Laghubitta Bittiya Sanstha (FMDBL) first to publish the second-quarter report of FY 2077/2078 with a 6.04% decline in Net Profit. As per the report published by the company, the net profit declined to Rs. 6.28 crores as compared to Rs. 6.69 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 26.59% to Rs. 7.01 Arba which was Rs. 5.54 Arba in the corresponding quarter of the previous year. The company’s loans and advances have also increased by 14.13% to 6.67 Arba in this quarter.
The net interest income (core revenue) has increased by 9.99% to Rs. 11.63 crores compared to Rs. 10.58 crores in the corresponding quarter of the previous year.
The paid-up capital of the company increased to Rs. 87.68 crores in this quarter and its reserve and surplus stood at Rs. 19.90 crores which is an increase of 9.5% in this quarter.
Its annualized earnings per share (EPS) stands at Rs. 14.34. the new wroth per share is Rs. 122.70. The company traded at a P/E multiple of 48.45 times.
Financial Highlights:
|
Particulars (In Rs '000) |
First MicroFinance |
||
|---|---|---|---|
|
Q2 2077/78 |
Q2 2076/77 |
Difference |
|
|
Paid Up Capital |
876,811.00 |
800,741.00 |
9.50% |
|
Reserve & Surplus |
199,008.00 |
174,294.00 |
14.18% |
|
Deposits |
0.00 |
0.00 |
|
|
Borrowings |
7,019,448.00 |
5,544,925.00 |
26.59% |
|
Loans & Advances |
6,673,193.00 |
5,847,092.00 |
14.13% |
|
Net Interest Income |
116,392.00 |
105,825.00 |
9.99% |
|
Staff Expenses |
10,243.00 |
11,107.00 |
-7.78% |
|
Provision for possible losses |
11,419.00 |
3,432.00 |
- |
|
Write Back of Provision for Possible Losses |
0.00 |
0.00 |
|
|
Operating Profit |
99,823.00 |
106,002.00 |
-5.83% |
|
Net Profit |
62,889.00 |
66,935.00 |
-6.04% |
|
Capital Adequacy (%) |
14.15 |
16.92 |
-16.37% |
|
NPL (%) |
0.00 |
0.00 |
|
|
Cost of Fund (%) |
5.93 |
10.60 |
-44.06% |
|
Annualized EPS (In Rs.) |
14.34 |
16.72 |
-14.20% |
|
Net Worth per Share (In Rs.) |
122.70 |
121.77 |
0.76% |
|
PE Ratio (times) |
48.45 |
- |
- |
|
Qtr End Price |
695.00 |
- |
- |
|
PB Ratio (times) |
5.7 |
- |
- |
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