Mirmire Laghubitta publishes its Q3 report with massive increment in net profit; EPS at Rs. 49.34 and NPL at 2.26%
Sun, Apr 25, 2021 7:01 AM on Company Analysis, Latest,
Mirmire Laghubitta Bittiya Sanstha (MMFDB) has published the third-quarter report of FY 2077/2078 with an increment in Net Profit by 392.71%. As per the report published by the company, the net profit increased to Rs. 14.75 crores as compared to Rs. 2.99 crores in the corresponding quarter of the previous year.
The borrowings of the company increased to Rs. 4.22 Arba which was Rs. 1.56 Arba in the corresponding quarter of the previous year. Similarly, the company’s loans and advances have increased by a massive 159.29% to Rs 6.50 Arba in this quarter.
The net interest income (core revenue) has increased by 162.68% to Rs. 29.34 crores compared to Rs. 11.17 crores in the corresponding quarter of the previous year.
The paid-up capital of the company increased to Rs. 39.86 crores in this quarter and its reserve and surplus stood at Rs. 25.62 crores.
Its annualized earnings per share (EPS) stands at Rs. 49.34. The net worth per share is Rs. 164.29. The company traded at a P/E multiple of 33.54 times.
Major Highlights:
|
Particulars |
Mirmire Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
398,626.32 |
186,740.28 |
113.47% |
|
Reserve & Surplus |
256,282.70 |
104,395.51 |
145.49% |
|
Borrowings |
4,220,990.66 |
1,567,366.95 |
169.30% |
|
Deposits |
1,876,731.01 |
957,293.27 |
96.05% |
|
Loans & Advances |
6,504,794.43 |
2,508,704.76 |
159.29% |
|
Net Interest Income |
293,410.28 |
111,700.75 |
162.68% |
|
Provision for possible Losses |
- |
29,446.86 |
- |
|
Write Back of Provision |
15,887.51 |
13,503.20 |
- |
|
Net Profit |
147,502.45 |
29,936.79 |
392.71% |
|
Capital Adequacy (%) |
10.25% |
9.87% |
- |
|
NPL (%) |
2.26% |
1.95% |
- |
|
Cost of fund (%) |
6.16% |
10.90% |
- |
|
EPS (Rs.) |
49.34 |
21.37 |
- |
|
Net worth per share (Rs.) |
164.29 |
155.90 |
- |
|
Qtr end PE ratio (Times) |
33.54 |
- |
- |
|
Qtr End Market Price |
1655 |
- |
- |
