See the performance of Unnati Microfinance and Naya Nepal Laghubitta based on the second quarter report
Thu, Jan 31, 2019 11:18 AM on Financial Analysis, Latest, Stock Market,
Unnati Microfinance Bittiya Sanstha Limited (UMB) has reported increase in profit of 82.07% in the second quarter of the fiscal year 2075/76.
According to the unaudited financial report for the second quarter published today, the microfinance has stated that its net profit increased to Rs 2.11 crore in second quarter as compared to Rs 1.16 crore in the corresponding quarter of the first fiscal year 2074/75.
Its deposits have increased to reach Rs 44.51 crore in the second quarter of the fiscal year 2075/76 from Rs 23.52 crore in the corresponding quarter of the previous fiscal year. It has floated loans of Rs 1.24 arba in the second quarter of fiscal year 2075/76.
The borrowing of the microfinance has increased from Rs 70.75 crore in the corresponding quarter of the previous year to Rs 1.09 arba in the second quarter of the fiscal year 2075/76.
Its net interest income has also increased to Rs 5.10 crore in the Q2 up from Rs 2.99 crore compared to the corresponding quarter of the last fiscal year.
Unnati Microfinance’s paid up capital stand at Rs 7.72 crore and reserve and surplus is Rs 2.91 crore in second quarter of FY 2075/76.
It’s annualized Earnings per Share (EPS) stands at Rs 54.67 and net worth per share stands is at Rs 137.73.
|
Particulars (In Rs '000) |
UMB |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
77,275 |
38,500 |
100.71% |
|
Reserve & Surplus |
29,156 |
26,409 |
10.40% |
|
Deposits |
445,182 |
235,203 |
89.28% |
|
Borrowings |
1,096,255 |
707,584 |
54.93% |
|
Loans & Advances |
1,244,126 |
761,236 |
63.44% |
|
Net Interest Income |
51,050 |
29,918 |
70.63% |
|
Provision for possible losses |
6,109 |
2,522 |
142.23% |
|
Operating Profit |
32,919 |
17,966 |
83.23% |
|
Net Profit |
21,125 |
11,603 |
82.07% |
|
NPL (%) |
0.78 |
0.16 |
387.50% |
|
Annualized EPS (In Rs.) |
54.67 |
60.27 |
-9.29% |
|
Net Worth per Share (In Rs.) |
137.73 |
168.60 |
-18.31% |
|
P/E Ratio (In times) |
33.47 |
- |
|
Naya Nepal Laghubitta Bittiya Sanstha Limited (NNLB) posted a huge rise of 209.19% in the net profits. The net profit stood at Rs. 25.23 Lakhs in the second quarter this year as compared to profit of Rs.8.16 Lakhs in the corresponding quarter of the last year.
The microfinance company collected deposits equal to Rs 10.01 crore while loans and advance amounted to Rs 51.28 crore. The borrowings of the company grew to Rs.37.60 Crore, marking an increase of 77.46%.
The paid-up capital of the company stands at Rs 7.92 crore with reserve of Rs 2.38 crore.
The EPS of the company currently stands at Rs 6.37 as compared to 8.16 last year. The net worth per share decreases by 41.97% and stands at Rs 130.15.
Major Highlights:
|
Particulars (In Rs '000) |
NNLB |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
79,223 |
20,000 |
296.12% |
|
Reserve & Surplus |
23,885 |
24,856 |
-3.91% |
|
Deposits |
100,112 |
60,242 |
66.18% |
|
Borrowings |
376,003 |
211,885 |
77.46% |
|
Loans & Advances |
512,829 |
251,639 |
103.80% |
|
Net Interest Income |
14,759 |
9,086 |
62.44% |
|
Provision for possible losses |
6,757 |
1,133 |
496.38% |
|
Operating Profit |
643 |
837 |
-23.18% |
|
Net Profit |
2,523 |
816 |
209.19% |
|
NPL (%) |
2.93 |
2.88 |
1.74% |
|
Annualized EPS (In Rs.) |
6.37 |
8.16 |
-21.94% |
|
Net Worth per Share (In Rs.) |
130.15 |
224.28 |
-41.97% |
|
P/E Ratio (In times) |
212.58 |
- |
|
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