Mirmire Laghubitta posts Q1 report for FY 75/76; here are the major highlights
Thu, Nov 1, 2018 3:44 PM on Financial Analysis, Latest, Stock Market,
Mirmire Laghubitta Bittiya Sanstha (MMFDB) has published the unaudited financial report for the first quarter of FY 75/76.
The Paid up capital of the microfinance company has increased from Rs.4.5 Crore to Rs.10.38 Crore marking a rise of 130% compared to the corresponding quarter of the previous year. The reserves have sharply increased by 260% to Rs.7.59 Crore from Rs.2.10 Crore last year. The borrowings of the company have grown by more than 50% to Rs.1.11 Arba.
The deposits stand at Rs.48.10 Crore, increased by 96.80% while the Loans stand at Rs.1.70 Arba, increased by almost 70% compared to the corresponding quarter of the previous year. The operating profit has fallen by 9.5% to Rs.67.71 Lakhs this quarter while the Net profit has increased by 11.3% to Rs.58.19 Lakhs.
A significant increase in the provision for possible losses can be seen compared to Q1 of FY 74/75. The provision that was at Rs.34.53 Lakhs has increased to Rs.68.29 Lakhs marking an increase of almost 98%. The Non-Performing Loans that were at 1.14% previous year have fallen to 0.87% this quarter.
The EPS of the company stands at Rs.22.41, falling by 51.8% and the Net worth per share stands at Rs.173.15 increasing by 17.95%. The P/E Ratio stands at 66.93 times, which was 63.57 times in the corresponding quarter of the previous year.
Highlights:
|
Particulars (In Rs '000) |
Q1 75/76 |
Q1 74/75 |
Difference |
|---|---|---|---|
|
Paid Up Capital |
103,860 |
45,000 |
130.80% |
|
Reserves and Surplus |
75,972.43 |
21,061.82 |
260.71% |
|
Deposits |
481,014.32 |
244,418.50 |
96.80% |
|
Borrowings |
1,114,723.77 |
739,939.94 |
50.65% |
|
Loans and Advances |
1,703,076.68 |
1,003,685.74 |
69.68% |
|
Net Interest Income |
21,728 |
17,484.65 |
24.27% |
|
Provision for possible losses |
6,829.35 |
3,453.41 |
97.76% |
|
Operating Profit |
6,771.24 |
7,482.38 |
-9.50% |
|
Net Profit |
5,819.10 |
5,229.67 |
11.27% |
|
NPL (%) |
0.87% |
1.14% |
-23.68% |
|
EPS (In Rs) |
22.41 |
46.49 |
-51.80% |
|
Net Worth Per Share (In Rs) |
173.15 |
146.80 |
17.95% |
|
P/E Ratio (In Times) |
66.93 |
63.57 |
5.29% |
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