National Microfinance reports remarkable performance in Q1; EPS reaches Rs 70.38 with 34% rise in profit
Thu, Oct 25, 2018 11:00 AM on Financial Analysis, Latest, Stock Market,
National Microfinance Bittiya Sanstha Limited (NMFBS) has shown a massive rise in net profit by 34.22% percent in the first quarter (Q1) of the fiscal year 2075/76.
Publishing the unaudited financial report for the last quarter today, the microfinance company stated that its net profit rose to Rs 2.64 crore in the Q1 of current fiscal year 2075/76, up from Rs 1.97 crore in the corresponding period of the previous fiscal year 2074/75.
Its net interest income has also risen to Rs 5.34 crore from Rs 3.92 crore in the corresponding quarter.
It’s paid up capital remains at Rs 15.04 crore with reserve of Rs 14.93 crore in Q1.
The company has borrowings of Rs 1.86 arba in the first quarter, up from Rs 1.47 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 2.63 arba in Q1 whereas in the same period last year the figure stood at Rs 1.68 arba.
Its non-performing loan (NPL) has increased to 1.26% in Q1 from 0.8% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 70.38, net worth per share at Rs 199.24 and the P/E ratio at 30.57 times.
Major Highlights:
|
Particulars (In Rs '000) |
NMFBS |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
150,445 |
120,000 |
25.37% |
|
Reserve & Surplus |
149,302 |
105,128 |
42.02% |
|
Deposits |
842,133 |
400,231 |
110.41% |
|
Borrowings |
1,867,782 |
1,479,341 |
26.26% |
|
Loans & Advances |
2,635,783 |
1,683,850 |
56.53% |
|
Net Interest Income |
53,452 |
39,286 |
36.06% |
|
Provision for possible losses |
8,252 |
2,534 |
225.65% |
|
Operating Profit |
41,599 |
30,994 |
34.22% |
|
Net Profit |
26,472 |
19,723 |
34.22% |
|
NPL (%) |
1.26 |
0.8 |
57.50% |
|
Annualized EPS (In Rs.) |
70.38 |
65.74 |
7.06% |
|
Net Worth per Share (In Rs.) |
199.24 |
187.61 |
6.20% |
|
P/E Ratio (In times) |
30.57 |
||
