How Did Mirmire Laghubitta Perform Till The First Quarter? Look At the Major Highlights

Thu, Oct 28, 2021 7:25 AM on Company Analysis, Latest,

Mirmire Laghubitta Bittiya Sanstha (MMFDB) has published the first-quarter report of FY 2078/2079 with an increment in Net Profit by 193.32%. As per the report published by the company, the net profit increased to Rs. 6.37 crores as compared to Rs. 3.45 crores in the corresponding quarter of the previous year.

The borrowings of the company increased to Rs. 5.46 Arba which was Rs. 2.83 Arba in the corresponding quarter of the previous year. Similarly, the company’s loans and advances have increased by a massive 74.50% to Rs 8.11 Arba in this quarter.

The net interest income (core revenue) has increased by 115.71% to Rs. 13.33 crores compared to Rs. 3.45 crores in the corresponding quarter of the previous year.

The paid-up capital of the company increased to Rs. 43.50 crores in this quarter and its reserve and surplus stood at Rs. 41.17 crores.

Its annualized earnings per share (EPS) stand at Rs. 58.62. The net worth per share is Rs. 194.65. The company traded at a P/E multiple of 25.74 times.

Click here for the Q1 report

Major Highlights:

Particulars

Mirmire Laghubitta Bittiya Sanstha Limited

Q1, 2078/2079

Q1, 2077/2078

Difference

Paid-Up Capital

435,071.16

402,352.32

8.13%

Reserve & Surplus

411,787.35

152,086.88

170.76%

Borrowings

5,460,623.75

2,833,252.41

92.73%

Deposits

2,139,579.63

1,560,810.58

37.08%

Loans and Advances

8,119,487.13

4,653,038.95

74.50%

Net Interest Income

133,358.65

61,822.42

115.71%

Provision for possible losses

789.52

8,837.20

-

Operating Profit

101,209.31

34,504.52

193.32%

Net Profit

63,761.87

21,737.85

193.32%

Capital Adequacy Ratio (%)

9.55%

12.24%

-

NPL (%)

2.00%

2.72%

-

Cost of Fund (%)

7.29%

6.71%

-

Annualized EPS (In Rs.)

58.62

21.61

171.26%

Net Worth per share (In Rs.)

194.65

137.80

41.25%

P/E Ratio

25.74

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