First Microfinance first to publish Q3 report with 12.94% rise in net profit; NPL stand at Zero
Fri, Apr 16, 2021 5:36 AM on Financial Analysis, Stock Market, Latest,
First Microfinance Laghubitta Bittiya Sanstha (FMDBL) first to publish the third-quarter report of FY 2077/2078 with a 12.94% growth in Net Profit. As per the report published by the company, the net profit increased to Rs. 9.78 crores as compared to Rs. 8.66 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 56.98% to Rs. 8.92 Arba which was Rs. 5.68 Arba in the corresponding quarter of the previous year. The company’s loans and advances have also increased by 48.49% to 8.27 Arba in this quarter.
The net interest income (core revenue) has increased by 33.82% to Rs. 18.57 crores compared to Rs. 13.87 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. 23.35 crores which is an increase of 20.50% in this quarter.
Its annualized earnings per share (EPS) stands at Rs. 14.89. The net worth per share is Rs. 126.64. The company traded at a P/E multiple of 59.39 times.
Financial Highlights:
| Particulars (In Rs '000) | First MicroFinance | ||
|---|---|---|---|
| Q3 2077/78 | Q3 2076/77 | Difference | |
| Paid Up Capital | 876,811.00 | 800,741.00 | 9.50% |
| Reserve & Surplus | 233,580.00 | 193,840.00 | 20.50% |
| Deposits | 0 | 0 | |
| Borrowings | 8,924,062.00 | 5,684,666.00 | 56.98% |
| Loans & Advances | 8,272,262.00 | 5,570,945.00 | 48.49% |
| Net Interest Income | 185,732.00 | 138,797.00 | 33.82% |
| Staff Expenses | 15,243.00 | 15,910.00 | -4.19% |
| Provision for possible losses | 27,571.00 | 3,432.00 | |
| Write Back of Provision for Possible Losses | 0 | 0 | |
| Operating Profit | 155,380.00 | 137,329.00 | 13.14% |
| Net Profit | 97,889.00 | 86,671.00 | 12.94% |
| Capital Adequacy (%) | 12.17 | 17.39 | -30.02% |
| NPL (%) | 0 | 0 | |
| Cost of Fund (%) | 5.42 | 10.62 | -48.96% |
| Annualized EPS (In Rs.) | 14.89 | 14.43 | 3.14% |
| Net Worth per Share (In Rs.) | 126.64 | 124.21 | 1.96% |
| PE Ratio (times) | 59.39 | - | - |
| Qtr End Price | 884 | - | - |
| PB Ratio (times) | 6.98 | - | - |
