First Microfinance first to publish Q1 report with 10.72% rise in net profit; NPL stand at Zero
Mon, Oct 19, 2020 9:31 AM on Financial Analysis, Latest,
First Microfinance Laghubitta Bittiya Sanstha (FMDBL) first to publish the first-quarter report of FY 2077/2078 with a 10.72% rise in Net Profit. As per the report published by the company, the net profit rose to Rs. 2.97 crores as compared to Rs. 2.68 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 10.05% to Rs. 5.94 Arba which was Rs. 5.40 Arba in the corresponding quarter of the previous year. The company’s loans and advances have also increased by 7.25% to 6.03 Arba in this quarter.
The net interest income (core revenue) has increased by 24.19% to Rs. 5.27 crores compared to Rs. 4.24 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. 16.60 crores which is an increase of 23.11% in this quarter.
Its annualized earnings per share (EPS) stands at Rs. 13.55. the new wroth per share is Rs. 118.94. the company traded at a P/E multiple of 41.77 times.
Financial Highlights:
|
Particulars ('000) |
First Microfinance |
||
|---|---|---|---|
|
2077/2078 (Q1) |
2076/2077 (Q1) |
Difference |
|
|
Paid-Up Capital |
876,811.00 |
800,741.00 |
9.50% |
|
Reserve and Surplus |
166,073.00 |
134,901.00 |
23.11% |
|
Deposits |
- |
- |
- |
|
Borrowings |
5,948,109.00 |
5,404,931.00 |
10.05% |
|
Loans and Advances |
6,031,768.00 |
5,623,807.00 |
7.25% |
|
Net Interest Income |
52,757.00 |
42,480.00 |
24.19% |
|
Provision for possible losses |
4,940.00 |
1,176.00 |
320.07% |
|
Operating Profit |
47,168.00 |
42,356.00 |
11.36% |
|
Net Profit |
29,716.00 |
26,838.00 |
10.72% |
|
Capital Adequacy (%) |
15.75 |
16.81 |
-6.31% |
|
NPL (%) |
0.00 |
0.00 |
- |
|
Cost of funds (%) |
7.15 |
10.72 |
-33.30% |
|
Annualized EPS (In Rs.) |
13.55 |
- |
- |
|
Net Wroth per share (In Rs.) |
118.94 |
- |
- |
|
PE Ratio (Times) |
41.77 |
- |
- |
|
Qtr End Price |
566.00 |
- |
- |
|
P/B Ratio (Times) |
4.76 |
- |
- |
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