Mero Microfinance Bittiya Sanstha Limited (MERO) has posted profit growth of 25.25 percent in the third quarter (Q3) of the current fiscal year 2073/74.
Publishing the unaudited financial report for the third quarter today, the microfinance company stated that its net profit rose to Rs 6.93 crore in the current fiscal year 2073/74, up from Rs 5.53 crore in the corresponding period of the previous fiscal year 2072/73.
Its net interest income has risen from Rs 12.40 crore in corresponding quarter to Rs 15.47 crore in the current quarter.
Mero Microfinance's paid up capital remains at Rs 22 crore with reserve of Rs 14.61 crore in Q3.
The company has borrowings of Rs 1.74 arba in the third quarter, up from Rs 1.39 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 2.21 arba in Q3 whereas in the same period last year the figure stood at Rs 1.27 arba.
Its non-performing loan (NPL) has increased to 1.36% in Q3 from 0.98% in the previous year report.
MERO’s annualized earning per share (EPS) stands at Rs 42, net worth per share at Rs 166.45 and the P/E ratio at 24.33 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
220,000 |
141,860 |
55.08% |
| Reserve and Surplus |
146,187 |
97,510 |
49.92% |
| Deposits |
425,543 |
212,018 |
100.71% |
| Borrowings |
1,741,092 |
1,394,612 |
24.84% |
| Loans and Advances |
2,215,920 |
1,277,230 |
73.49% |
| Net Interest Income |
154,740 |
124,055 |
24.73% |
| Provision |
7,949 |
4,874 |
- |
| Write Back |
- |
- |
- |
| Operating Profit |
108,904 |
86,946 |
25.25% |
| Net Profit |
69,303 |
55,330 |
25.25% |
| Capital Adequacy Ratio |
16.55% |
17.81% |
- |
| NPL |
1.36% |
0.98% |
38.78% |
| Cost of Fund |
9.02% |
4.06% |
|
| CD Ratio (as per NRB) |
520.73% |
602.42% |
- |
| EPS (Annualized) |
42.00 |
52.00 |
-19.23% |
| PE Ratio |
25.57 |
|
|
| Networth Per Share |
166.45 |
|
|
