Mithila Laghubitta posts 29% rise in net profit and 28% decline in NPL; Annualized EPS till Q1 2076/77 at Rs 18.60
Sun, Nov 10, 2019 12:04 PM on Financial Analysis, Latest, Stock Market,
Mithila Laghubitta Bikas Bank (MLBBL) has posted considerable growth in its net profit by 29.63% in the first quarter of the current fiscal year 2076/77.
As per the unaudited financial report published today, the microfinance company has stated that its net profit has increased to Rs 46.02 lakh in Q1 of the FY 2076/77 from Rs 35.50 lakhs of the corresponding quarter.
Its net interest income has increased by 42.60% to Rs 1.88 crore and its provision for possible losses has decreased to Rs 28.39 lakhs.
It has a total deposit of Rs 28.17 crore and has floated loans of Rs 1.02 arba. In the first quarter, the borrowings amounted to Rs 72.32 crore. It has a paid-up capital of Rs 9.89 crore and Rs 6.34 crore in the reserve.
Its NPL stands at 2.52% declining from 3.5% in the corresponding quarter. Its annualized EPS stands at Rs 18.60 and Net worth per share is Rs 164.16. The P/E Ratio stands at 23.82 times.
Major highlights
Particulars (In Rs '000) | Mithila Laghubitta | ||
---|---|---|---|
Q1 2076/77 | Q1 2075/76 | Difference | |
Paid Up Capital | 98,966 | 65,977 | 50.00% |
Reserve & Surplus | 63,498 | 25,873 | 145.42% |
Borrowings | 723,249 | 429,982 | 68.20% |
Deposits | 281,759 | 191,025 | 47.50% |
Loans & Advances | 1,025,984 | 674,952 | 52.01% |
Net Interest Income | 18,805 | 13,187 | 42.60% |
Staff Expenses | 11,176 | 7,335 | 52.37% |
Provision for possible losses | 2,839 | 3,791 | -25.11% |
Operating Profit | 7,184 | 4,718 | 52.27% |
Net Profit | 4,602 | 3,550 | 29.63% |
Capital Adequacy (%) | 15.08 | 11.85 | 27.26% |
NPL (%) | 2.52 | 3.5 | -28.00% |
Cost of Fund (%) | 10.66 | 9.81 | 8.66% |
Annualized EPS (In Rs.) | 18.60 | 21.52 | -13.58% |
Net Worth per Share (In Rs.) | 164.16 | ||
PE Ratio (times) | 23.82 |