Massive growth of 46% in net profit of National Microfinance in Q2; EPS increases to Rs 75.87
Sun, Jan 20, 2019 7:53 AM on Financial Analysis, Latest, Stock Market,
National Microfinance Bittiya Sanstha Limited (NMFBS) has shown a massive rise in net profit by 46.02% percent in the second quarter (Q2) of the fiscal year 2075/76.
Publishing the unaudited financial report for the second quarter today, the microfinance company stated that its net profit rose to Rs 5.72 crore in the Q2 of current fiscal year 2075/76, up from Rs 3.91 crore in the corresponding period of the previous fiscal year 2074/75.
Its net interest income has also risen to Rs 11.43 crore from Rs 7.93 crore in the corresponding quarter.
It’s paid up capital remains at Rs 15.04 crore with reserve of Rs 18.08 crore in Q2.
The company has borrowings of Rs 2.07 arba in the second quarter, up from Rs 1.51 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 2.91 arba in Q2 whereas in the same period last year the figure stood at Rs 1.82 arba.
Its non-performing loan (NPL) has increased to 1.48% in Q2 from 1.34% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 75.87, net worth per share at Rs 219.88 and the P/E ratio at 22.08 times.
Major Highlights:
|
Particulars (In Rs '000) |
NMFBS |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
150,883 |
120,000 |
25.74% |
|
Reserve & Surplus |
180,879 |
124,795 |
44.94% |
|
Deposits |
975,126 |
497,103 |
96.16% |
|
Borrowings |
2,074,223 |
1,516,697 |
36.76% |
|
Loans & Advances |
2,914,829 |
1,829,808 |
59.30% |
|
Net Interest Income |
114,348 |
79,372 |
44.07% |
|
Provision for possible losses |
18,138 |
7,646 |
137.22% |
|
Operating Profit |
89,949 |
61,598 |
46.03% |
|
Net Profit |
57,240 |
39,199 |
46.02% |
|
NPL (%) |
1.48 |
1.34 |
10.45% |
|
Annualized EPS (In Rs.) |
75.87 |
65.33 |
16.14% |
|
Net Worth per Share (In Rs.) |
219.88 |
204.00 |
7.79% |
|
P/E Ratio (In times) |
22.08 |
- |
|
