National Microfinance provisions Rs 76.46 lakh for possible losses; Net profit meagerly rises to Rs 3.91 crore & EPS at Rs 65.33
Wed, Jan 31, 2018 10:46 AM on Latest, Financial Analysis, Featured, Stock Market,
National Microfinance Bittiya Sanstha Limited (NMFBS) has shown meager rise in net profit by 3.71 percent in the second quarter (Q2) of the current fiscal year 2074/75. Publishing the unaudited financial report for the second quarter today, the microfinance company stated that its net profit rose to Rs 3.91 crore in the Q2 of current fiscal year 2074/75, up from Rs 3.77 crore in the corresponding period of the previous fiscal year 2073/74. Its net interest income has also risen to Rs 7.93 crore from Rs 6.62 crore in the corresponding second quarter. Its paid up capital remains at Rs 12 crore with reserve of Rs 12.47 crore in Q2. The company has borrowings of Rs 1.51 arba in the second quarter, up from Rs 1.04 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 1.82 arba in Q2 whereas in the same period last year the figure stood at Rs 1.12 arba. Its non-performing loan (NPL) has increased to 0.91% in Q2 from 0.69 % in the previous year report. Its annualized earning per share (EPS) stands at Rs 65.33, net worth per share at Rs 204 and the P/E ratio at 42.06 times. Major Highlights:
| Particulars (In Rs '000) | NMFBS | ||
|---|---|---|---|
| Q2 2074/75 | Q2 2073/74 | Difference | |
| Paid Up Capital | 120,000 | 100,000 | 20.00% |
| Reserve & Surplus | 124,795 | 85,931 | 45.23% |
| Deposits | 497,103 | 176,492 | 181.66% |
| Borrowings | 1,516,697 | 1,040,507 | 45.77% |
| Loans & Advances | 1,829,808 | 1,129,322 | 62.03% |
| Net Interest Income | 79,372 | 66,283 | 19.75% |
| Provision for possible losses | 7,646 | 1,463 | 422.62% |
| Operating Profit | 61,598 | 59,395 | 3.71% |
| Net Profit | 39,199 | 37,797 | 3.70% |
| NPL (%) | 0.91 | 0.69 | 31.88% |
| Annualized EPS (In Rs.) | 65.33 | 75.59 | -13.57% |
| Net Worth per Share (In Rs.) | 204.00 | 185.93 | 9.72% |
| P/E Ratio (In times) | 42.06 | ||
