Mirmire Laghubitta earns Rs 3.59 crore till Q3; company issuing 50% right share soon

Sun, Apr 28, 2019 7:33 AM on Financial Analysis, Latest, Stock Market,

Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) has published its unaudited Q3 report for FY 75/76. The company had earns Rs 3.59 crore till Q3 with 69.50% whereas the company had earned Rs 2.12 crore till Q3 of corresponding quarter.

The paid up capital currently stands at Rs 13.11 crore. The reserves of the company have increased to Rs 7.08 crore up from Rs 5 crore in the corresponding quarter of the previous year.

The deposits have increased to Rs 68.04 crore while the loans of the company have increased to Rs 2.40 arba. The company has Rs 1.62 arba as borrowings.

The NPL of the company stands at 0.57% as of end of the third quarter and the annualized EPS stands at Rs 36.54. The PE stands at 24.79 times whereas networth per share is Rs 154.03.

The company has distributed 24% bonus share to its shareholders for the FY 2074/75 and the last AGM also approve the agendas to issue 50% right shares.

Major Highlights:

Particulars (In Rs '000)

Mirmire Laghubitta

Q3 2075/76

Q3 2074/75

Difference

Paid Up Capital

131,199

45,000

191.55%

Reserve & Surplus

70,888

50,075

41.56%

Deposits

680,486

341,535

99.24%

Borrowings

1,621,737

894,313

81.34%

Loans & Advances

2,402,406

1,240,356

93.69%

Net Interest Income

88,325

59,273

49.01%

Provision for possible losses

21,280

12,980

63.94%

Operating Profit

47,138

26,717

76.44%

Net Profit

35,958

21,214

69.50%

Capital Adequacy (%)

8.83

9.14

-3.39%

NPL (%)

0.57

0.97

-41.24%

Annualized EPS (In Rs.)

36.54

62.86

-41.86%

Net Worth per Share (In Rs.)

154.03

211.28

-27.10%

PE Ratio

24.79

-

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