Mirmire Laghubitta's Q4 Highlights: Profit Remains Stagnant; NII Rises by 21.45%; NPL Decline and EPS Stands at Rs 39.88
Fri, Jul 29, 2022 9:34 AM on Financial Analysis, Latest,
Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) published the fourth-quarter report of FY 2078/2079 with meager growth of 8.01% in Net Profit. As per the report published by the company, the net profit increased to Rs. 20.81 crore as compared to Rs. 19.27 crore in the corresponding quarter of the previous year.
The borrowings of the company increased by 25.40% to Rs. 5.67 Arba which was Rs. 4.52 Arba in the corresponding quarter of the previous year. The deposits of the company decreased by 39.39% to Rs 2.74 arba. However, The company’s loans and advances increased by 33.12% to 8.83 Arba in this quarter.
The net interest income (core revenue) has increased by 21.45% to Rs. 54.37 crores compared to Rs. 44.77 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 52.20 crores in this quarter and its reserve and surplus stood at Rs. 45.19 crores which is an increase of 79.71% in this quarter.
The company NPL slightly declined to 1.65% from 1.99%. Its cost of funds rises sharply to 10.69% from 6.05% and capital adequacy stands at 10.14%
Its earnings per share (EPS) stand at Rs. 39.88. The net worth per share is Rs. 186.56. The company traded at a P/E multiple of 26.33 times.
Major Highlights:
|
Mirmire Laghubitta | |||
|---|---|---|---|---|
| Q4 2078/79 | Q4 2077/78 | Difference | ||
| Paid Up Capital | 522,085 | 522,085 | 0.00% | |
| Reserve & Surplus | 451,911 | 251,461 | 79.71% | |
| Borrowings | 5,674,051 | 4,524,757 | 25.40% | |
| Deposits | 2,742,302 | 4,524,757 | -39.39% | |
| Loans & Advances | 8,834,985 | 6,636,700 | 33.12% | |
| Net Interest Income | 543,795 | 447,734 | 21.45% | |
| Staff Expenses | 250,630 | 203,768 | 23.00% | |
| Provision for possible losses | 5,623 | 2,052 | 173.98% | |
| Operating Profit | 330,462 | 286,266 | 15.44% | |
| Write Back | 0 | 0 | - | |
| Net Profit | 208,191 | 192,756 | 8.01% | |
| Capital Adequacy (%) | 10.14 | 10.15 | -0.10% | |
| NPL (%) | 1.65 | 1.99 | - | |
| Cost of Fund (%) | 10.69 | 6.05 | 76.69% | |
| EPS (In Rs.) | 39.88 | 36.92 | 8.01% | |
| Net Worth per Share (In Rs.) | 186.56 | 148 | 25.91% | |
| Qtr end PE Ratio (times) | 26.33 | - | - | |
| Qtr End Market Price | 1050 | - | - | |
