First Microfinance profit rises by 25.76% in Q3; Price to Earning ratio stands at 21.39 times

Tue, Apr 16, 2019 6:33 AM on Financial Analysis, Latest, Stock Market,
First Micr...

First Microfinance Laghubitta Bittya Sanstha(FMDBL) has reported a profit growth of 25.76% in the third quarter of the current fiscal year 2075/76.

According to the unaudited financial report for the third quarter published today, the wholesale microfinance has stated that its net profit increased to Rs 9.18 crore in the third quarter as compared to Rs 7.30 crore in the corresponding quarter of the last fiscal year (2074/75).

The borrowing of the microfinance has increased from Rs 3.78 arba in the corresponding quarter of the previous year to Rs 4.75 arba till the third quarter of the current fiscal year.

The net interest income has increased to Rs 14.49 crore in the third quarter of fiscal year 2075/2076 from Rs 12.03 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs 14.44 crore in Q2 of the ongoing fiscal year.

First Microfinance’s paid-up capital stands at Rs 68.43 crore in the third quarter of FY 75/76. Its reserve & surplus rises to Rs 18.92 crore in third quarter from Rs 14.44 crore in the corresponding quarter of last fiscal year.

It’s annualized Earnings per Share (EPS)  has increased slightly by more than 4.33% to Rs 17.90 from Rs 17.16 in the corresponding quarter of last fiscal year. The net worth per share stands at Rs 127.65 and P/E ratio at Rs 21.39 times.

Major Highlights:

Particulars (In Rs '000)

First Microfinance

Q3 2075/76

Q3 2074/75

Difference

Paid Up Capital

684,394.00

567,785.00

20.54%

Reserve & Surplus

189,255.00

144,476.00

30.99%

Borrowings

4,753,255.00

3,784,382.00

25.60%

Loans & Advances

5,185,282.00

3,864,309.00

34.18%

Net Interest Income

144,974.00

120,302.00

20.51%

Provision for possible losses

10,595.00

4,640.00

-

Operating Profit

144,403.00

114,830.00

25.75%

Net Profit

91,893.00

73,073.00

25.76%

Capital Adequacy (%)

17.22

18.04

-4.55%

NPL (%)

0.00

0.00

 

Annualized EPS (In Rs.)

17.90

17.16

4.33%

Net Worth per Share (In Rs.)

127.65

125.45

1.76%

PE Ratio (times)

21.39

39.05

-45.22%