Profit rises by 86.97% for Womi Microfinance in the fourth quarter; EPS & Net worth per share stand at Rs 39.08 & Rs 164.73 respectively
Wed, Jul 25, 2018 1:25 AM on Financial Analysis, Latest, Stock Market,
Womi Microfinance Bittiya Sanstha Limited (WOMI) has reported massive rise of 86.97% in net profit for the fourth quarter of the fiscal year 2074/75.
Publishing the unaudited financial report for the last quarter today, the microfinance company has stated that its net profit rose to Rs 3.95 crore in fourth quarter of fiscal year 2074/75 up from Rs 2.11 crore reported in the corresponding quarter of the previous fiscal year 2073/74.
The microfinance has borrowings of Rs 72.96 crore in the 4th quarter compared to Rs 32.19 crore in the corresponding quarter last year. Likewise, it extended loans of Rs 1.23 arba, up from 64.29 crore. It has collected deposits of Rs 45.41 crore in the fourth quarter of the fiscal year 2074/75.
It has paid up capital of Rs 10.10 crore with reserve of Rs 6.54 crore as on Q3. The paid-up capital of the company has already been adjusted with the latest 30% right issue. The microfinance company is selling unsold 3,882.80 unit promoter shares and 7,662.20 unit ordinary shares via auction from Shrawan 15, 2075 till Shrawan 22, 2075.
Womi Microfinance’s net interest income has risen from Rs 6.03 crore in the corresponding quarter last year to Rs 8.42 crore in the fourth quarter of fiscal year 2074/75.
It has posted an operating profit of Rs 6.03 crore in Q4, up from Rs 3.15 crore in corresponding quarter.
The microfinance’s non-performing loan (NPL) has declined from 1.13% in the corresponding quarter to 0.65% in the Q4.
Its Earning per Share (EPS) now stands at Rs 39.08, net worth per share at Rs 164.73 and P/E ratio at 35.44 times.
Major Highlights:
|
Particulars (In Rs '000) |
WOMI |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
101,088 |
77,760 |
30.00% |
|
Reserve & Surplus |
65,431 |
26,137 |
150.34% |
|
Deposits |
454,182 |
246,517 |
84.24% |
|
Borrowings |
729,699 |
321,933 |
126.66% |
|
Loans & Advances |
1,238,143 |
642,902 |
92.59% |
|
Net Interest Income |
84,235 |
60,316 |
39.66% |
|
Provision for possible losses |
7,488 |
6,516 |
14.92% |
|
Operating Profit |
60,312 |
31,505 |
91.44% |
|
Net Profit |
39,505 |
21,129 |
86.97% |
|
NPL (%) |
0.65 |
1.13 |
-42.48% |
|
Annualized EPS (In Rs.) |
39.08 |
27.17 |
43.82% |
|
Net Worth per Share (In Rs.) |
164.73 |
133.61 |
23.29% |
|
P/E Ratio (In times) |
35.44 |
- |
- |
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