Mero Microfinance reports meager 2% rise in profit; EPS at Rs 33.12 as of fourth quarter of FY 2074/75
Wed, Jul 25, 2018 1:55 AM on Financial Analysis, Latest, Stock Market,
Mero Microfinance Development Bank (MERO) has reported net profit rise by meager 2.05% to Rs 9.47 crore in the fourth quarter.
MERO has published unaudited financial report for the fourth quarter today. It has stated that net profit has increased to Rs 9.47 crore in fourth quarter of fiscal year 2074/75 from Rs 9.28 crore reported in the corresponding quarter of the previous fiscal year 2073/74.
The microfinance has borrowings of Rs 2.53 arba. Likewise, it extended loans of Rs 3.38 arba which is an increment from corresponding quarter’s Rs 2.40 arba. It has collected deposits of Rs 78.37 crore in the fourth quarter of the current fiscal year. It has paid up capital of Rs 28.60 crore with reserve of Rs 15.85 crore in Q4.
MERO’s net interest income has increased from Rs 20.83 crore in the corresponding quarter last year to Rs 23.87 crore in the fourth quarter of fiscal year 2074/75. Its operating profit has increased to Rs 14.85 crore in Q4, from Rs 14.58 crore in corresponding quarter.
Earnings per Share (EPS) of the microfinance company stands at Rs 33.12. The microfinance’s non-performing loan (NPL) has risen to 1.33 percent in the last quarter. Currently, Net worth per share stands at Rs 155.45 and P/E ratio at 30.25 times.
Major Highlights:
|
Particulars (In Rs '000) |
MERO |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
286,000 |
220,000 |
30.00% |
|
Reserve & Surplus |
158,576 |
169,712 |
-6.56% |
|
Deposits |
783,792 |
499,553 |
56.90% |
|
Borrowings |
2,532,561 |
1,731,002 |
46.31% |
|
Loans & Advances |
3,384,958 |
2,403,297 |
40.85% |
|
Net Interest Income |
238,740 |
208,367 |
14.58% |
|
Provision for possible losses |
4,162 |
10,018 |
-58.45% |
|
Operating Profit |
148,527 |
145,871 |
1.82% |
|
Net Profit |
94,734 |
92,827 |
2.05% |
|
NPL (%) |
1.33 |
0.98 |
35.71% |
|
Annualized EPS (In Rs.) |
33.12 |
42.19 |
-21.50% |
|
Net Worth per Share (In Rs.) |
155.45 |
177.14 |
-12.25% |
|
P/E Ratio (In times) |
30.25 |
- |
|
