First Microfinance Reports Increase in Net Profit by 61.79% in Q1; EPS at Rs. 26.45
Thu, Nov 3, 2022 11:05 AM on Latest, Financial Analysis, Stock Market,
First Microfinance Laghubitta Bittiya Sanstha (FMDBL) published the first-quarter report of FY 2079/2080 with a rise in Net Profit by 61.79%. As per the report published by the company, the net profit inclined to Rs. 6.37 crores as compared to Rs. 3.94 crores in the corresponding quarter of the previous year.
The borrowings of the company decreased by 2.57% to Rs. 9.21 Arba which was Rs.9.45 Arba in the corresponding quarter of the previous year. The company’s loans and advances to increased by 2.49% to 1.94 Crores in this quarter.
However, the loans and advances of the company to MFIs and Cooperatives have decreased by 0.31% to stand at Rs. 10.36 Arba from Rs. 10.39 Arba of the relevant quarter of previous year.
The net interest income (core revenue) has increased by 98.10% to Rs. 12.01 crore compared to Rs. 6.06 crore in the corresponding quarter of the previous year.
The paid-up capital of the company remains constant at Rs. 96.44 crores in this quarter and its reserve and surplus stood at Rs. 49.6 crores which is an increase in this quarter by 14.74%.
Its annualized earnings per share (EPS) stand at Rs. 26.45. The new worth per share is Rs. 151.52 and the company traded at a P/E multiple of 22.84 times.
Financial Highlights:
| Particulars (In Rs '000) | First Microfinance Laghubitta | ||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 964,492.00 | 964,492.00 | 0.00% |
| Reserve & Surplus | 496,865.00 | 433,036.00 | 14.74% |
| Borrowings | 9,214,838.00 | 9,457,637.00 | -2.57% |
| Deposits | 0.00 | 0.00 | |
| Loans & Advances to Customers | 19,414.00 | 18,943.00 | 2.49% |
| Loans & Advances to MFIs & Cooperatives | 10,360,190 | 10,392,164 | -0.31% |
| Net Interest Income | 120,179.00 | 60,667.00 | 98.10% |
| Personnel Expenses | -16,852.00 | -11,857.00 | 42.13% |
| Impairment Charge/(reversal) for loans and other losses | -12,635.00 | -4,940.00 | - |
| Operating Profit | 91,102.00 | 56,307.00 | 61.80% |
| Net Profit | 63,771.00 | 39,415.00 | 61.79% |
| Capital Adequacy (%) | 14.90 | 11.98 | 24.37% |
| NPL (%) | 0.00 | 0.00 | - |
| Cost of Fund (%) | 11.77 | 7.48 | 57.35% |
| Credit to Deposit Ratio (%) | 112.43 | 109.88 | 2.32% |
| EPS (In Rs.) | 26.45 | 16.35 | 61.79% |
| Net Worth per Share (In Rs.) | 151.52 | 144.90 | 4.57% |
| Qtr end PE Ratio (times) | 22.84 | - | - |
| Qtr End Market Price | 604 | - | - |
