Mirmire Microfinance Bittiya Sanstha Limited (MMFDB) has reported 33.46 percent rise in net profit for the fourth quarter (Q4) of the last fiscal year 2073/74.
As per the unaudited quarterly report for the fourth quarter published today, Mirmire Microfinance has net profit of Rs. 1.54 crore in the Q4 of fiscal year 2073/74, down from Rs. 1.15 crores in the corresponding quarter of fiscal year 2072/73.
MMFDB’s earning per share (EPS) has decreased to Rs 51.59 in Q4 from Rs 57.98 in corresponding quarter. Mirmire Microfinance had issued 50% right share to its shareholders and the company has not yet adjusted the shares on its capital. Its EPS will fall once after adjustment of right share.
Mirmire Microfinance has a paid up capital of Rs 3 crores with reserve of Rs 3.92 crores in Q4 of the fiscal year 2073/74. After the adjustment of 50% right shares, its paid up capital will reach Rs 4.5 crore.
The microfinance’s net interest income stands at 6.56 crores in the fourth quarter compared to Rs 3.88 crores of the corresponding quarter of the previous fiscal year.
MMFDB has borrowings of Rs. 75.83 crores and loans of Rs 33.33 crores in the fourth quarter of 2073/74 while its borrowings and loan was Rs 82.56 crores and Rs 40.99 crores respectively in the corresponding quarter of fiscal year 2072/73.
The microfinance company has an operating profit of Rs 1.97 crores in Q4 compared to Rs 1.65 crores in the corresponding quarter of the previous fiscal year.
Mirmire microfinance non-performing loan has decreased from 1.44% in the corresponding quarter of the previous fiscal year to 1% in the fourth quarter last fiscal year.
Its net worth per share stands at Rs.230.68 and P/E ratio is 42.84 percent.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
30,000 |
20,000 |
50.00 |
| Reserve and Surplus |
39,204 |
18,046 |
117.24 |
| Borrowings |
758,352 |
333,317 |
127.52 |
| Deposits |
203,311 |
85,700 |
137.23 |
| Loans and Advances |
825,688 |
409,903 |
101.43 |
| Net Interest Income |
65,682 |
38,861 |
69.02 |
| Provision |
10,410 |
5,246 |
98.44 |
| Write Back |
4,532 |
1,692 |
167.77 |
| Operating Profit |
19,788 |
16,530 |
19.71 |
| Net Profit |
15,476 |
11,596 |
33.46 |
| Capital Adequacy Ratio (%) |
8.66 |
9.43 |
(8.17) |
| NPL (%) |
1.00 |
1.44 |
(30.56) |
| Cost of Fund (%) |
11.08 |
5.75 |
92.70 |
| CD Ratio (as per NRB) )%) |
80.10 |
89.68 |
(10.68) |
| EPS (Annualized) |
51.59 |
57.98 |
(11.03) |
| Networth Per Share |
230.68 |
190.23 |
21.26 |
| P/E Ratio |
42.84 |
- |
|
