Reliable Microfinance Bittiya Sanstha Limited (RMFL) has reported a decline of 40.03 percent in the net profit for the fourth quarter (Q4) of the last fiscal year 2073/74.
As per the unaudited quarterly report for the fourth quarter published today, Reliable Microfinance has net profit of Rs.1.12 crores in the Q4 of fiscal year 2073/74, down from Rs.1.88 crores in the corresponding quarter of fiscal year 2072/73.
Reliable Microfinance has a paid up capital of Rs 5.65 crores with reserve of Rs 4.13 crores in Q4 of the fiscal year 2073/74.
The microfinance’s net interest income stands at 5.03 crores in the fourth quarter compared to Rs 4.69 crores of the corresponding quarter of the previous fiscal year.
RMFL has borrowings of Rs. 42.93 crores and loans of Rs 45.7 crores in the fourth quarter of 2073/74 while its borrowings and loan was Rs 34.53 crores and Rs 35.83 crores respectively in the corresponding quarter of fiscal year 2072/73.
The microfinance company has an operating profit of Rs 1.77 crores in Q4 compared to Rs 2.95 crores in the corresponding quarter of the previous fiscal year.
Meanwhile, the non-performing loan has increased from 1.50% in the corresponding quarter of the previous fiscal year to 2.41% in the fourth quarter last fiscal year.
Reliable Microfinance’s earning per share (EPS) stands at Rs.20 in Q4. Likewise, its net worth per share stands at Rs.138.18 and P/E ratio is 17.69 times.
Major Highlights
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
56,500 |
56,500 |
0.00% |
| Reserve and Surplus |
41,345 |
21,736 |
90.22% |
| Deposits |
163,404 |
81,599 |
100.25% |
| Loans and Advances |
457,045 |
358,373 |
27.53% |
| Borrowings |
429,389 |
345,359 |
24.33% |
| Net Interest Income |
50,379 |
46,908 |
7.40% |
| Provision |
5,618 |
2,793 |
- |
| Write Back |
- |
- |
- |
| Operating Profit |
17,749 |
29,597 |
-40.03% |
| Net Profit |
11,295 |
18,835 |
-40.03% |
| Capital Adequacy Ratio |
16.00% |
17.20% |
- |
| NPL |
2.41% |
1.50% |
60.67% |
| Base Rate |
0.00% |
0.00% |
- |
| Cost of Fund |
9.60% |
6.50% |
|
| CD Ratio (as per NRB) |
279.70% |
439.19% |
- |
| EPS (Annualized) |
20.00 |
0.00 |
- |
| PE Ratio |
17.69 |
|
|
| Net worth Per Share |
138.18 |
|
|
