National Microfinance profit rises by 53.28% with EPS of Rs 87.12 in Q4; has capacity to distribute maximum 108% dividend

Tue, Jul 23, 2019 6:52 AM on Financial Analysis, Latest, Stock Market,
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National Microfinance Bittiya Sanstha Limited (NMFBS) has published its unaudited Q4 report for FY 75/76. The net profit of the company increased by an outstanding 53.28% to Rs 13.14 crore till Q4 of current fiscal year whereas the company had earned Rs 8.57 crore till corresponding quarter of last fiscal year.

The paid up capital currently stands at Rs 15.08 crore. The reserves of the company have increased to Rs 24.12 crore up from Rs 12.28 crore in the corresponding quarter of the previous year.

The company has Rs 6.84 crore as retained earnings till last FY 2074/75 and this FY 2075/76 expected distributable profit will be Rs 9.46 crore (approx.) after deduction of all the mandatory reserve. The total distributable profit of the company will be Rs 16.30 crore. This means NMFBS has capacity to distribute maximum 108% (approx.) dividend.

The deposits of the company have increased to Rs 1.28 arba while the loans of the company have increased to Rs 3.66 arba. The company has Rs 2.28 arba as borrowings.

The NPL of the company stands at 1.43% as of end of the fourth quarter and the annualized EPS stands at massive Rs 87.12 with PE of 16.98 times. The networth per share stands at Rs 259.86.

Click Here for Q4 report:

Major Highlights:

Particulars (In Rs '000)

National Microfinance

Q4 2075/76

Q4 2074/75

Difference

Paid Up Capital

150,883.00

150,883.00

0.00%

Reserve & Surplus

241,203.00

122,839.00

96.36%

Borrowings

2,281,919.00

1,681,774.00

35.69%

Deposits

1,284,077.00

745,834.00

72.17%

Loans & Advances

3,665,423.00

2,380,108.00

54.00%

Net Interest Income

266,469.00

172,386.00

54.58%

Staff Expenses

87,449.00

66,523.00

31.46%

Provision for possible losses

31,734.00

15,207.00

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Operating Profit

208,657.00

134,771.00

54.82%

Net Profit

131,454.00

85,763.00

53.28%

Capital Adequacy (%)

11.11

12.13

-8.41%

NPL (%)

1.43

0.92

55.43%

Cost of Fund (%)

9.49

9.41

0.85%

EPS (In Rs.)

87.12

56.84

53.28%

Net Worth per Share (In Rs.)

259.86

181.41

43.24%

PE Ratio (times)

16.98

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