Increased Business Volume Leads to Impressive Increment in Profitability Indicators in Q4 for Mirmire Laghubitta; NPL Declined in This Quarter
Thu, Jul 29, 2021 4:10 PM on Company Analysis, Latest,
Mirmire Laghubitta Bittiya Sanstha (MMFDB) has published the fourth-quarter report of FY 2077/2078 with an increment in Net Profit by 481.88%. As per the report published by the company, the net profit increased to Rs. 20.01 crores as compared to Rs. 3.43 crores in the corresponding quarter of the previous year.
The borrowings of the company increased to Rs. 4.59 Arba which was Rs. 1.57 Arba in the corresponding quarter of the previous year. Similarly, the company’s loans and advances have increased by a massive 159.69% to Rs 6.77 Arba in this quarter.
The net interest income (core revenue) has increased by 129.20% to Rs. 44.32 crores compared to Rs. 19.33 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. 34.53 crores.
Its annualized earnings per share (EPS) stand at Rs. 46. The net worth per share is Rs. 179.38. The company traded at a P/E multiple of 40.22 times.
Major Highlights:
|
Particulars |
Mirmire Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q4, 2077/2078 |
Q4, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
435,071.16 |
208,662.85 |
108.50% |
|
Reserve & Surplus |
345,339.22 |
79,546.74 |
334.13% |
|
Borrowings |
4,592,133.22 |
1,571,178.80 |
192.27% |
|
Deposits |
1,883,520.43 |
989,082.14 |
90.43% |
|
Loans & Advances |
6,771,926.95 |
2,607,707.67 |
159.69% |
|
Net Interest Income |
443,218.14 |
193,378.56 |
129.20% |
|
Provision for possible Losses |
1,004.95 |
61,272.49 |
- |
|
Write Back of Provision |
0.00 |
0.00 |
- |
|
Net Profit |
200,133.15 |
34,393.96 |
481.88% |
|
Capital Adequacy (%) |
10.79% |
10.01% |
- |
|
NPL (%) |
1.99% |
2.94% |
- |
|
Cost of fund (%) |
6.05% |
11.89% |
- |
|
EPS (Rs.) |
46.00 |
16.48 |
- |
|
Net worth per share (Rs.) |
179.38 |
138.12 |
- |
|
Qtr end PE ratio (Times) |
40.22 |
- |
- |
|
Qtr End Market Price |
1850 |
- |
- |
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