Mirmire Microfinance Development Bank Limited (MMFDB) has reported massive increase in net profit by 75.73%. Its net profit was Rs 84.03 lakh in the corresponding quarter of the previous fiscal year while it has increased to Rs 1.47 crore in the second quarter of the current fiscal year.
As per the unaudited financial report published today, the microfinance’s net interest income has also increased to Rs 3.92 crore in the current quarter from Rs 3.27 crore in the corresponding quarter.
Its paid up capital is Rs 4.5 crore with Rs 2.98 crore in the reserve.
The company has borrowings of Rs 80.06 crore in the second quarter, up from Rs 49.63 crore in the same quarter of the previous FY 2073/74. Likewise, it has extended loans of Rs 1.11 arba in Q2 while the figure stood to Rs 58.06 crore for the corresponding quarter.
It had declared 30.8% bonus from the profit of FY 2073/74. After issuance of 30.80% bonus share, the paid up capital will reach Rs 5.424 crore. It had also endorsed 100% right shares on its paid up capital before bonus i.e. Rs 4.50 crore. After issuance of this 100% right share, its paid up capital will reach Rs 10.38 crore.
Its NPL has increased to 1.18% from 1.11% of the corresponding quarter.
Its EPS stands at Rs 65.63 and Net worth per share stands at Rs 166.17. P/E Ratio of the microfinance is 43.57 times.
Major Highlights:
| Particulars (In Rs '000) |
MMFDB |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
45,000 |
30,000 |
50.00% |
| Reserve & Surplus |
29,778 |
23,664 |
25.84% |
| Deposits |
291,301 |
135,506 |
114.97% |
| Borrowings |
800,687 |
496,373 |
61.31% |
| Loans & Advances |
1,115,398 |
580,606 |
92.11% |
| Net Interest Income |
39,186 |
32,698 |
19.84% |
| Provision for possible losses |
8,374 |
4,715 |
77.60% |
| Operating Profit |
20,044 |
11,376 |
76.19% |
| Net Profit |
14,766 |
8,403 |
75.73% |
| NPL (%) |
1.18 |
1.11 |
6.31% |
| Annualized EPS (In Rs.) |
65.63 |
56.02 |
17.15% |
| Net Worth per Share (In Rs.) |
166.17 |
178.88 |
-7.10% |
| P/E Ratio |
43.57 |
|
|
Report
