National Microfinance reports 172% rise in net profit; Mithila Laghubitta's profit up by meager 1.63%
Mon, Jan 30, 2017 1:02 PM on Latest, Financial Analysis, Featured, Stock Market,
National Microfinance Bittiya sansatha Limited has registered a net profit growth of 172% in the second quarter of the current FY 2073/74. According to the unaudited financial report published by the microfinance company today, its net profit has increased to Rs. 3.77 crore in the second quarter, up from Rs. 1.38 crore in the corresponding quarter of the previous fiscal year. Its net interest income has risen to Rs 6.62 crore in Q2 as compared to Rs. 3.59 crore in the corresponding quarter of the last fiscal year. As of Q2, it has a paid up capital of Rs 10 crore with a reserve of Rs 8.59 crore. The bank also collected deposits of Rs 17.64crore whereas borrowed 1.04 arba in Q2. Likewise, it has extended loans and advances of Rs. 1.12 arba in Q2 whereas in the same period last year, the figure stood at Rs. 60.71 crore Its annualized Earnings per Share (EPS) has increased by 90.99% to Rs 75.59 per share. Major Highlights of National Microfinance
| Indicators (Rs in "000") | FY 2073/74 Q2 | FY 2072/73 Q2 | Difference (%) |
|---|---|---|---|
| Paid Up Capital | 100,000.00 | 70,000.00 | 42.86% |
| Reserve and Surplus | 85,931.00 | 23,489.00 | 265.84% |
| Borrowing | 1,040,507.00 | 656,661.00 | 58.45% |
| Deposits | 176,492.00 | 56,014.00 | 215.09% |
| Loans and Advances | 1,129,322.00 | 607,192.00 | 85.99% |
| Net Interest Income | 66,283.00 | 35,988.00 | 84.18% |
| Provision | 1,463.00 | 8,924.00 | - |
| Operating Profit | 59,395.00 | 21,747.00 | 173.12% |
| Net Profit | 37,797.00 | 13,853.00 | 172.84% |
| Capital Adequacy Ratio | 17.96% | 16.00% | - |
| NPL | 0.69% | 1.47% | -53.06% |
| Cost of Fund | 5.55% | 5.47% | |
| CD Ratio (as per NRB) | 294.20% | 385.74% | - |
| EPS (Annualized) | 75.59 | 39.58 | 90.99% |
| Networth Per Share | 185.93 | 133.56 |
On the other hand, Mithila Laghubitta (MLBBL) has reported a nominal rise of 1.63% in the net profit. Its deposit has increased by 109.38% to Rs 8.68 crore, while borrowings has increased by 24% to Rs 23.88 crore. In the same period, it has been able to increase its loans and advances by 55% to Rs 36.30 crore. Its EPS has dropped to 15.95 from 31.84 last year. Its P/E ratio stands at 53 times with net worth of Rs 121.38 per share. Major Highlights of Mithila Microfinance
| Indicators (Rs in "000") | FY 2073/74 Q2 | FY 2072/73 Q2 | Difference (%) |
|---|---|---|---|
| Paid Up Capital | 57,372.12 | 28,290.00 | 102.80% |
| Reserve and Surplus | 12,263.67 | 16,286.54 | -24.70% |
| Borrowing | 238,855.43 | 192,580.06 | 24.03% |
| Deposits | 86,836.82 | 41,474.02 | 109.38% |
| Loans and Advances | 363,076.74 | 233,141.86 | 55.73% |
| Net Interest Income | 20,589.35 | 16,933.44 | 21.59% |
| Provision | 3,535.89 | 2,984.22 | - |
| Write Back | 243.81 | - | |
| Operating Profit | 6,947.96 | 7,076.51 | -1.82% |
| Net Profit | 4,576.59 | 4,503.23 | 1.63% |
| Capital Adequacy Ratio | 13.68% | 9.64% | - |
| NPL | 3.53% | 4.36% | -19.04% |
| Cost of Fund | 6.47% | 5.52% | |
| CD Ratio (as per NRB) | 418.11% | 562.14% | - |
| EPS (Annualized) | 15.95 | 31.84 | -49.89% |
| PE Ratio | 53.28 | ||
| Networth Per Share | 121.38 | 157.57 |
