Mahila Laghubitta reports massive increment in net profit in Q2; Company IPO is in SEBON pipeline
Fri, Jan 22, 2021 9:47 AM on Latest, Company Analysis,
Mahila Laghubitta Bittiya Sanstha Limited (MAHILA) has reported a rise in net profit by 159.46% in the second quarter of the fiscal year 2077/78.
MAHILA has published an unaudited financial report for the second quarter today. It has stated that net profit has increased to Rs. 5.43 crore in the second quarter of fiscal year 2077/78 from Rs 2.09 crore reported in the corresponding quarter of the previous fiscal year 2076/77.
Microfinance has borrowings of Rs. 1.88 Arba. Likewise, it extended loans of Rs. 2.81 Arba. It has collected deposits of Rs. 78.53 crores till the second quarter of the current fiscal year.
It has paid-up capital of Rs 6.00 crores with a reserve of Rs 18.24 crores till Q2.
MAHILA’s net interest income has increased by 60.56% from Rs. 6.14 Crore in the corresponding quarter last year to Rs. 9.86 Crore in the second quarter of fiscal year 2077/78.
The annualized earnings per share (EPS) of MAHILA stands at Rs. 181.27. The microfinance’s non-performing loan (NPL) has decreased to 1.45 percent in the second quarter. Currently, the Net worth per share stands at Rs. 404.01.
The IPO of Mahila Laghubitta Bittiya Sanstha Limited is in SEBON's pipeline. The microfinance company has submitted an application on Mangsir 03 to issue 4 lakh unit IPO shares to the general public.
Major Highlights:
|
Particulars |
Mahila Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
60,000.00 |
60,000.00 |
0.00% |
|
Reserve & Surplus |
182,407.47 |
115,267.87 |
58.25% |
|
Borrowings |
1,885,404.23 |
808,977.23 |
133.06% |
|
Deposits |
785,339.67 |
604,773.85 |
29.86% |
|
Loans & Advances |
2,814,253.00 |
1,557,793.00 |
80.66% |
|
Net Interest Income |
98,636.37 |
61,434.60 |
60.56% |
|
Provision for possible Losses |
24,812.87 |
21,316.49 |
16.40% |
|
Write Back of Provision |
20,236.92 |
11,413.88 |
77.30% |
|
Net Profit |
54,379.80 |
20,958.54 |
159.46% |
|
Capital Adequacy (%) |
8.26% |
10.07% |
- |
|
NPL (%) |
1.45% |
1.99% |
- |
|
Cost of fund (%) |
6.36% |
10.37% |
- |
|
EPS (Rs.) |
181.27 |
69.86 |
- |
|
Net worth per share (Rs.) |
404.01 |
292.11 |
- |
