National Microfinance reserves surges by 58.03% to Rs 10.51 crore; EPS & net worth at Rs 65.74 & Rs 187.61 respectively
Wed, Nov 1, 2017 9:17 AM on Latest, Financial Analysis, Featured, Stock Market,
National Microfinance Bittiya Sanstha Limited (NMFBS) has registered a net profit growth of 7.24 % in the first quarter of the current FY 2074/75. According to the unaudited financial report published by the microfinance company today, its net profit has increased to Rs 1.97 crore in the first quarter, up from Rs 1.83 crore in the corresponding quarter of the previous fiscal year. Its net interest income has risen to Rs 3.92 crore in Q1 as compared to Rs 3.05 crore in the corresponding quarter of the last fiscal year. As of Q1, it has a paid up capital of Rs 12 crore with a reserve of Rs 10.51 crore. The microfinance company has collected deposits of Rs 40.02 crore whereas borrowed Rs 1.47 arba in Q1. Likewise, it has extended loans and advances of Rs 1.68 arba in Q1 whereas in the same period last year, the figure stood at Rs 96.57 crore NMFBS non performing loan (NPL) has inclined to 0.8 percent in Q1 from 0.76 percent in the corresponding quarter. Its annualized Earnings per Share (EPS) stands at a whopping Rs 65.74 per share, net worth per share at Rs 187.61 and P/E ratio at 42.65 times as of the end of Q1. NMFBS has announced 20% bonus shares and 15% cash dividends to its shareholders from the net profit of FY 2073/74. Major Highlights:
| Particulars (In Rs '000) | Q1 2074/75 | Q1 2073/74 | Difference |
|---|---|---|---|
| Paid Up Capital | 120,000 | 100,000 | 20.00% |
| Reserve & Surplus | 105,128 | 66,524 | 58.03% |
| Deposits | 400,231 | 134,594 | 197.36% |
| Borrowings | 1,479,341 | 1,053,449 | 40.43% |
| Loans & Advances | 1,683,850 | 965,702 | 74.37% |
| Net Interest Income | 39,286 | 30,577 | 28.48% |
| Provision for possible losses | 2,534 | (736) | 444.29% |
| Operating Profit | 30,994 | 28,899 | 7.25% |
| Net Profit | 19,723 | 18,391 | 7.24% |
| NPL (%) | 0.8 | 0.76 | 5.26% |
| Annualized EPS (In Rs.) | 65.74 | 73.56 | -10.63% |
| Net Worth per Share (In Rs.) | 187.61 | 166.52 | 12.66% |
| P/E Ratio (In times) | 42.65 | - | - |
