Unnati Microfinance registers 13.63% growth in the net profit; Net worth per share increases to Rs 159.82
Fri, May 11, 2018 2:45 AM on Financial Analysis, Latest, Stock Market,
Unnati Microfinance Bittiya Sanstha Limited has reported increase in profit of 13.63% in the third quarter of the current fiscal year 2074/75.
According to the unaudited financial report for the third quarter published today, the microfinance has stated that its net profit increased to Rs 1.80 crore in third quarter as compared to Rs 1.59 crore in the corresponding quarter of the last fiscal year 2073/74.
Its deposits have increased outstandingly by 141.58% to reach Rs 28.21 crore in the third quarter of the current fiscal year 2074/75 from Rs 11.67 crore in the corresponding quarter of the previous fiscal year. It has floated loans of Rs 88.06 crore in the third quarter of current fiscal year 2074/75.
The borrowing of the microfinance has increased from Rs 46.22 crore in the corresponding quarter of the previous year to Rs 72 crore in the third quarter of the current fiscal year 2074/75.
Its net interest income has also increased to Rs 4.66 crore in the Q3 up from Rs 3.80 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs.2.81 crore in Q3 of the ongoing fiscal year.
Unnati Microfinance’s paid up capital stand at Rs 5.50 crore after IPO issuance and reserve and surplus is Rs 2.64 crore in second quarter of FY 2074/75. Recently, the microfinance company has announced 20% right share issuance which would hike its paid up capital to Rs 6.60 crore.
It’s annualized Earnings per Share (EPS) stands at Rs 43.86 and net worth per share stands is at Rs 159.82.
Major Highlights:
|
Particulars (In Rs '000) |
UMB |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
55,000 |
308,000 |
-82.14% |
|
Reserve & Surplus |
32,901 |
13,764 |
139.04% |
|
Deposits |
282,132 |
116,787 |
141.58% |
|
Borrowings |
720,021 |
462,228 |
55.77% |
|
Loans & Advances |
880,678 |
488,122 |
80.42% |
|
Net Interest Income |
46,604 |
38,057 |
22.46% |
|
Provision for possible losses |
4,614 |
2,559 |
80.31% |
|
Operating Profit |
28,128 |
24,015 |
17.13% |
|
Net Profit |
18,094 |
15,924 |
13.63% |
|
NPL (%) |
0.36 |
0 |
- |
|
Annualized EPS (In Rs.) |
43.86 |
6.89 |
536.32% |
|
Net Worth per Share (In Rs.) |
159.82 |
104.47 |
52.98% |
|
P/E Ratio (In times) |
13.95 |
- |
- |
