National Microfinance Laghubitta Reports Impressive Growth In Major Financial Indicators In Q1; Here's Why
Mon, Nov 15, 2021 9:10 AM on Company Analysis, Latest,
National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) published the first-quarter report of FY 2078/2079 with an increment in Net Profit by 180.46%. As per the report published by the company, the net profit increased to Rs. 11.45 crores as compared to Rs. 4.08 crores in the corresponding quarter of the previous year.
The company recently merged with Mahila Sahayatri Laghubitta Bittiya Sanstha Limited. This joint operation led to massive increment in major profitability indicators.
The borrowings of the company increased by 71.08% to Rs. 6.34 Arba which was Rs. 3.71 Arba in the corresponding quarter of the previous year. At the same time, deposits increased by 54% to Rs 2.64 arba.
The company’s loans and advances have also increased by 89.96% to 9.79 Arba till this quarter.
The net interest income (core revenue) has increased by 184.30% to Rs. 24.65 crores compared to Rs. 8.67 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 41.90 crores till this quarter and its reserve and surplus stood at Rs. 67.44 Arba which is an increment of 165.95% in this quarter.
The cost of fund declined to 6.51% from 7.30% in the corresponding quarter and the non-performing loans also increased to 2.92%.
Its annualized earnings per share (EPS) stand at Rs. 109.38. The net worth per share is Rs. 260.94. The company traded at a P/E multiple of 27.09 times.
Major Highlights:
|
Particulars |
National Microfinance Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q1, 2078/2079 |
Q1, 2077/2078 |
Difference |
|
|
Paid-Up Capital |
419,054.00 |
264,045.00 |
58.71% |
|
Reserve & Surplus |
674,438.00 |
253,592.00 |
165.95% |
|
Borrowings |
6,348,210.00 |
3,710,701.00 |
71.08% |
|
Deposits |
2,645,705.00 |
1,717,996.00 |
54.00% |
|
Loans and Advances |
9,791,862.00 |
5,154,615.00 |
89.96% |
|
Net Interest Income |
246,516.00 |
86,709.00 |
184.30% |
|
Provision for possible losses |
32,102.00 |
2,489.00 |
- |
|
Operating Profit |
181,897.00 |
64,857.00 |
- |
|
Net Profit |
114,595.00 |
40,860.00 |
180.46% |
|
Capital Adequacy Ratio (%) |
11.40% |
10.56% |
- |
|
NPL (%) |
2.92% |
2.28% |
- |
|
Cost of Fund (%) |
6.51% |
7.30% |
- |
|
Annualized EPS (In Rs.) |
109.38 |
61.90 |
76.72% |
|
Net Worth per share (In Rs.) |
260.94 |
196.04 |
33.11% |
|
P/E Ratio |
27.09 |
- |
- |
