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,
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.
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 | - | |
