Reliable Microfinance Bittiya Sanstha Limited (RMFL) has reported decrease of 27.15 percent in the net profit for the first quarter (Q1) of the current FY 2074/75.
As per the unaudited quarterly report for the fourth quarter published today, Reliable Microfinance has net profit of Rs 27.35 lakh in the Q1 of fiscal year 2074/75, down from Rs 37.55 lakh in the corresponding quarter of fiscal year 2073/74.
Reliable Microfinance has a paid up capital of Rs 9.60 crore (including 20% bonus shares to its shareholders from the net profit of FY 2073/74) with reserve of Rs 1.76 crores.
The microfinance’s net interest income stands at 1.12 crores in the first quarter compared to Rs 1.32 crores of the corresponding quarter of the previous fiscal year.
RMFL has borrowings of Rs. 49.08 crores and loans of Rs 56.98 crores in the first quarter of FY 2074/75 while its borrowings and loan was Rs 34.96 crores and Rs 38.80 crores respectively in the corresponding quarter of fiscal year 2073/74.
Meanwhile, the non-performing loan has increased from 1.46% in the corresponding quarter of the previous fiscal year to 1.63% in the first quarter of FY 2074/75.
Reliable Microfinance’s earning per share (EPS) stands at Rs 11.39 in Q1. Likewise, its net worth per share stands at Rs.118.35 and P/E ratio is 166.35 times.
Major Highlights:
| Particulars (In Rs '000) |
Reliable Microfinance (RMFL) |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
96,050 |
56,500 |
70.00% |
| Reserve & Surplus |
17,630 |
25,486 |
-30.82% |
| Deposits |
200,853 |
99,754 |
101.35% |
| Borrowings |
490,810 |
349,644 |
40.37% |
| Loans & Advances |
569,850 |
388,096 |
46.83% |
| Net Interest Income |
11,214 |
13,269 |
-15.48% |
| Provision for possible losses |
- |
1,387 |
-100.00% |
| Operating Profit |
3,683 |
5,900 |
-37.58% |
| Net Profit |
2,735 |
3,755 |
-27.15% |
| NPL (%) |
1.63 |
1.46 |
11.64% |
| Annualized EPS (In Rs.) |
11.39 |
26.58 |
-57.15% |
| Net Worth per Share (In Rs.) |
118.35 |
145.11 |
-18.44% |
| P/E Ratio (In times) |
166.35 |
- |
- |
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