First Microfinance Q4 Highlights: Net Profit Rises by 87.82%, NII Rises by 60.84%, NPL at ZERO and EPS Stands at Rs 27.88
Mon, Jul 25, 2022 6:08 AM on Financial Analysis, Latest,
First Microfinance Laghubitta Bittiya Sastha Limited (FMDBL) has published its fourth-quarter report for the FY 2078/2079 with an outstanding increment in Net Profit by 87.82%. FMDBL's net profit has increased from Rs. 14.31 Crore in the fourth quarter of FY 2077/2078 to Rs. 26.88 Crore in the fourth quarter of FY 2078/2079.
In the same quarter, the bank has Rs 20.95 crores as distributable profit after PL Appropriation and Regulatory Adjustments. This amount can be used for distributing dividends.
The bank’s borrowings increased by 9.83% to Rs. 9.45 arba whereas loans and advances to MFIs and Cooperative increased by 27.22% to Rs. 10.40 arba till the fourth quarter. FMDBL's Net Interest Income- NII (core business income) has increased by an impressive 60.84% to Rs. 42.72 crore compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 96.44 crore with Rs. 44.06 crore in Reserve and surplus. The Non-performing loan (NPL) stands at ZERO.
The earnings per share (EPS) of the Bank stood at Rs. 27.88 and Net worth per share stood at Rs. 145.69. The company traded at a P/E multiple of 23.85 times.
Major Highlights:
