Mahuli Samudayik Laghubitta Bittiya Sanstha Limited has posted 1.42% decline in net profit in the fourth quarter (Q4) of last fiscal year 2073/74. The net profit of the company dropped to Rs 4.31 crore in Q4 from Rs 4.37 crore in the corresponding quarter of the previous fiscal year 2072/73.
Publishing the unaudited financial report for the fourth quarter today, the microfinance institution has stated that its operating profit has surged to Rs 6.29 crore in Q4, up from Rs 5.48 crore in the corresponding quarter of the last fiscal year.
Its net interest income surged to Rs. 15.50 crore in Q4 up from Rs 11.72 crore in the corresponding quarter. The micro finance institution’s borrowing remains to be Rs 51.72 crore and has collected Rs 99.49 crore in deposits.
Likewise, it has extended loans and advances of Rs 1.21 arba in Q4 of FY 2073/74 whereas in the same period last year the figure stood at Rs. 92.15 crore.
Mahuli has a paid up capital of Rs 4 crore and has Rs 1.38 crore in reserve and surplus. Its non- performing loan (NPL) increased from 0.52% in corresponding quarter to 1.82% in the fourth quarter of the last fiscal year.
Mahuli will distribute 25% bonus share and 10% cash dividends to its shareholders from the profit it made in the fiscal year 2072/73 after nomination of public director. The company had issued 1.2 lakh units IPO shares on Baisakh 7, 2074 and the shares are yet to be listed in Nepal Stock Exchange.
Mahuli Samudayic’s earning per share (EPS) has declined to Rs 107.92 in Q4 from Rs 203.69 previous year. Its net worth per share stands at Rs 446.15.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
40,000 |
21,500 |
86.05 |
| Reserve and Surplus |
138,458 |
95,062 |
45.65 |
| Deposits |
994,966 |
461,004 |
115.83 |
| Borrowings |
517,228 |
402,324 |
28.56 |
| Loans and Advances |
1,210,292 |
921,517 |
31.34 |
| Net Interest Income |
155,065 |
117,293 |
32.20 |
| Provision |
18,443 |
3,663 |
403.51 |
| Operating Profit |
62,927 |
54,809 |
14.81 |
| Net Profit |
43,170 |
43,793 |
(1.42) |
| Capital Adequacy Ratio (%) |
11.86 |
11.99 |
(1.08) |
| NPL (%) |
1.82 |
0.52 |
250.00 |
| Cost of Fund (%) |
8.24 |
6.62 |
24.47 |
| CD Ratio (as per NRB) )%) |
208.90 |
194.52 |
7.39 |
| EPS (Annualized) |
107.92 |
203.69 |
(47.01) |
| Networth Per Share |
446.15 |
542.15 |
(17.71) |
