National Microfinance provisions Rs 1.53 crore for possible losses; Net profit meagerly rises to Rs 6.009 crore; EPS at Rs 66.58
Sun, Apr 22, 2018 12:45 AM on Financial Analysis, Latest, Stock Market,
National Microfinance Bittiya Sanstha Limited (NMFBS) has shown meager rise in net profit by 7.52 percent in the third quarter (Q3) of the current fiscal year 2074/75.
Publishing the unaudited financial report for the third quarter today, the microfinance company stated that its net profit rose to Rs 6.009 crore in the Q3 of current fiscal year 2074/75, up from Rs 5.58 crore in the corresponding period of the previous fiscal year 2073/74.
Its net interest income has also risen to Rs 12.13 crore from Rs 10.32 crore in the corresponding second quarter.
It’s paid up capital remains at Rs 12.03 crore with reserve of Rs 14.53 crore in Q3.
The company has borrowings of Rs 1.53 arba in the third quarter, up from Rs 1.24 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 2.22 arba in Q3 whereas in the same period last year the figure stood at Rs 1.45 arba.
Its non-performing loan (NPL) has increased to 1.30% in Q3 from 0.56 % in the previous year report.
Its annualized earning per share (EPS) stands at Rs 66.58, net worth per share at Rs 220.76 and the P/E ratio at 30.05 times.
Major Highlights:
|
Particulars (In Rs '000) |
NMFBS |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
120,356 |
100,000 |
20.36% |
|
Reserve & Surplus |
145,339 |
104,028 |
39.71% |
|
Deposits |
608,232 |
243,064 |
150.24% |
|
Borrowings |
1,535,771 |
1,245,495 |
23.31% |
|
Loans & Advances |
2,226,480 |
1,459,538 |
52.55% |
|
Net Interest Income |
121,308 |
103,275 |
17.46% |
|
Provision for possible losses |
15,337 |
5,372 |
185.50% |
|
Operating Profit |
94,442 |
87,834 |
7.52% |
|
Net Profit |
60,099 |
55,894 |
7.52% |
|
NPL (%) |
1.3 |
0.56 |
132.14% |
|
Annualized EPS (In Rs.) |
66.58 |
74.53 |
-10.66% |
|
Net Worth per Share (In Rs.) |
220.76 |
- |
- |
|
P/E Ratio (In times) |
30.05 |
- |
- |
