Mirmire Laghubitta profit rises by massive 106.69% in Q4; company is in merger process with Kisan and Nagbeli Laghubitta
Wed, Jul 31, 2019 6:55 AM on Financial Analysis, Latest, Stock Market,
Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) has published its unaudited Q4 report for FY 75/76. The company has earned Rs 6.14 crore till Q4 with 106.69% growth whereas the the profit was Rs 2.97 crore in corresponding quarter.
The paid up capital currently stands at Rs 12.87 crore. The reserves of the company has increased to Rs 9.58 crore up from Rs 2.23 crore in the corresponding quarter of the previous year.
The deposits have increased to Rs 77.50 crore while the loans of the company have increased to Rs 2.44 arba. The company has Rs 1.66 arba as borrowings.
The NPL of the company stands at 0.54% and the EPS stands at Rs 47.74. The PE stands at 18.83 times whereas net worth per share is Rs 174.45.
The capital adequacy ratio is at 9.53% and its trading is kept on halt in NEPSE since May 14 due to ongoing merger process with Nagbeli and Kisan Laghubitta Bittiya Sanstha Limited.
Major Highlights:
|
Particulars (In Rs '000) |
Mirmire Laghubitta |
||
|---|---|---|---|
|
Q4 2075/76 |
Q4 2074/75 |
Difference |
|
|
Paid Up Capital |
128,786.40 |
116,507.90 |
10.54% |
|
Reserve & Surplus |
95,885.82 |
22,352.41 |
328.97% |
|
Borrowings |
1,663,359.93 |
1,068,208.37 |
55.71% |
|
Deposits |
775,088.39 |
410,019.89 |
89.04% |
|
Loans & Advances |
2,442,085.83 |
1,423,987.24 |
71.50% |
|
Net Interest Income |
143,458.61 |
83,465.17 |
71.88% |
|
Staff Expenses |
78,982.99 |
53,694.90 |
47.10% |
|
Provision for possible losses |
27,163.81 |
17,597.12 |
- |
|
Operating Profit |
82,145.00 |
35,487.95 |
131.47% |
|
Net Profit |
61,484.40 |
29,747.10 |
106.69% |
|
Capital Adequacy (%) |
9.53 |
8.67 |
9.92% |
|
NPL (%) |
0.54 |
0.69 |
-21.74% |
|
Cost of Fund (%) |
11.37 |
11.96 |
-4.93% |
|
EPS (In Rs.) |
47.74 |
25.53 |
86.98% |
|
Net Worth per Share (In Rs.) |
174.45 |
119.19 |
46.37% |
|
PE Ratio (times) |
18.83 |
- |
- |
