First Microfinance first to publish Q4 quarterly report; earning rises by 5.47% to Rs 13.97 crore with EPS of Rs 17.45

Sun, Jul 19, 2020 7:28 AM on Financial Analysis, Latest,

First Microfinance Laghubitta Bittya Sanstha (FMDBL) first to publish a fourth-quarter report of FY 2076/77 with a 5.47% rise in net profit. According to the unaudited financial report for the fourth quarter, the microfinance has stated that its net profit increased to Rs 13.97 crore as compared to Rs 13.24 crore in the corresponding.

The borrowing of the microfinance has increased from Rs 5.14 Arba in the corresponding quarter of the previous year to Rs 5.23 Arba till the fourth quarter of the current fiscal year rise of meager 1.76%.

The net interest income has decreased by 5.52% to Rs 22.41 crore from Rs 21.24 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs 21.79 crore.

First Microfinance’s paid-up capital stands at Rs 80.07 crore and its reserve & surplus stands at Rs 24.79 crore. The company average cost of funds decreased to 10.07% in this quarter and its NPL is at Zero.

Its Earnings per Share (EPS) stands at Rs 17.45. The net worth per share is 130.96 and the quarter-end P/E ratio at Rs 31.81 times. The quarter-end price of the stock is Rs 555.

 Click here for Q4 report:

Major Highlights:

Particulars (In Rs '000)

First Microfinance

Q4 2076/77

Q4 2075/76

Difference

Paid Up Capital

800,741.00

800,741.00

0.00%

Reserve & Surplus

247,915.00

108,191.00

129.15%

Deposits

 

 

 

Borrowings

5,235,000.00

5,144,134.00

1.76%

Loans & Advances

5,542,746.00

5,507,338.00

0.64%

Net Interest Income

224,180.00

212,456.00

5.52%

Staff Expenses

20,744.00

19,767.00

4.94%

Provision for possible losses

3,432.00

13,848.00

-

Operating Profit

217,966.00

209,973.00

3.81%

Net Profit

139,724.00

132,472.00

5.47%

Capital Adequacy (%)

18.59

16.76

10.92%

NPL (%)

0.00

0.00

 

Cost of Fund (%)

10.07

10.29

-2.14%

EPS (In Rs.)

17.45

16.54

5.47%

Net Worth per Share (In Rs.)

130.96

113.51

15.37%

PE Ratio (times)

31.81

-

-

Qtr End Price

555

-

-

PB Ratio (times)

4.2

-

-