National Microfinance reports 58% rise in net profit for Q1 2076/77; Paid-up capital at Rs 26.4 crore with annualized EPS of Rs 62.43

Fri, Oct 25, 2019 12:40 PM on Financial Analysis, Latest, Stock Market,
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National Microfinance Bittiya Sanstha Limited (NMFBS) has published its unaudited Q1 report for FY 2076/77. The net profit of the company increased by an outstanding 58.67% to Rs 4.2 crore till Q1 of the current fiscal year whereas the company had earned Rs 2.64 crore till the corresponding quarter of the last fiscal year.

The paid-up capital currently stands at Rs 26.40 crore. The reserves of the company have increased to Rs 17.29 crore up from Rs 14.93 crore in the corresponding quarter of the previous year. The deposits of the company have increased to Rs 1.37 arba while the loans of the company have increased to Rs 3.80 arba. The company has Rs 2.56 arba as borrowings.

The NPL of the company stands at 1.75% as of the end of the first quarter and the annualized EPS stands at Rs 62.43 with PE of 25.6 times. The net worth per share stands at Rs 165.52.

Click Here for Q1 report

Major Highlights:

Particulars (In Rs '000) National Microfinance
Q1 2076/77 Q1 2075/76 Difference
Paid Up Capital              264,045              150,445 75.51%
Reserve & Surplus              172,992              149,302 15.87%
Borrowings          2,564,416          1,867,782 37.30%
Deposits          1,375,576              842,133 63.34%
Loans & Advances          3,803,567          2,635,783 44.31%
Net Interest Income                86,805                53,452 62.40%
Staff Expenses                31,798                19,328 64.52%
Provision for possible losses                16,133                  8,252 95.50%
Operating Profit                66,673                41,599 60.28%
Net Profit                42,004                26,472 58.67%
Capital Adequacy (%) 10.69 10.81 -1.11%
NPL (%) 1.75 1.26 38.89%
Cost of Fund (%) 9.48 10.62 -10.73%
Annualized EPS (In Rs.) 62.43 -  
Net Worth per Share (In Rs.) 165.52 -  
PE Ratio (times) 25.6 -