First Microfinance Q4 profit remains stagnant; Net profit slightly rises to Rs 14.15 crore with NPL at ZERO

Mon, Jul 19, 2021 6:15 AM on Financial Analysis, Latest,

First Microfinance Laghubitta Bittiya Sanstha (FMDBL) has published the fourth-quarter report of FY 2077/2078 with a meagre 1.29% growth in Net Profit. As per the report published by the company, the net profit increased to Rs. 14.15 crores as compared to Rs. 13.97 crores in the corresponding quarter of the previous year.

The borrowings of the company increased by a massive 64.40% to Rs. 8.60 Arba which was Rs. 5.23 Arba in the corresponding quarter of the previous year. The company’s loans and advances have also increased by 48.02% to 8.20 Arba in this quarter.

The net interest income (core revenue) has increased by 18.10% to Rs. 26.47 crores compared to Rs. 22.41 crores in the corresponding quarter of the previous year.

The company maintains Rs 2.75 crore as a provision for possible losses.

The paid-up capital of the company is 87.68 crores in this quarter and its reserve and surplus stood at Rs. 28.01 crores which is an increase of 102.52% in this quarter.

Its earnings per share (EPS) stand at Rs. 16.14. The net worth per share is Rs. 131.95. The company traded at a P/E multiple of 50.99 times.

Click here for Q4 report:

Financial Highlights:

Particulars (In Rs '000) First Microfinance Laghubitta
Q4 2077/78 Q4 2076/77 Difference
Paid Up Capital 876,811.00 876,811.00 0.00%
Reserve & Surplus 280,171.00 138,343.00 102.52%
Borrowings 8,606,601.00 5,235,000.00 64.40%
Deposits 0.00 0.00 -
Loans & Advances 8,204,198.00 5,542,746.00 48.02%
Net Interest Income 264,774.00 224,189.00 18.10%
Staff Expenses 20,755.00 20,744.00 0.05%
Provision for possible losses 27,571.00 3,432.00 -
Operating Profit 225,145.00 217,975.00 3.29%
Write Back 688.00 0.00 -
Net Profit 141,528.00 139,728.00 1.29%
Capital Adequacy (%) 13.07 17.96 -27.23%
NPL (%) 0.00 0.00 -
Cost of Fund (%) 5.36 10.07 -46.77%
EPS (In Rs.) 16.14 15.94 1.29%
Net Worth per Share (In Rs.) 131.95 115.78 13.97%
Qtr end PE Ratio (times) 50.99 - -
Qtr End Market Price 823 - -