With The Growth In Business Volume, First Mircofinance Laghubitta Sees Impressive Growth In Profitability Indicators in Q2
Wed, Jan 19, 2022 12:00 PM on Company Analysis, Latest,
First Microfinance Laghubitta Bittiya Sanstha (FMDBL) published its second-quarter report of FY 2078/2079 with a 38.11% increase in Net Profit. As per the report published by the company, the net profit increased to Rs. 10.44 crores as compared to Rs. 7.56 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 10.77% to Rs. 9.53 Arba which was Rs. 8.15 Arba in the corresponding quarter of the previous year. The company’s loans and advances have also increased by 20.75% to 9.85 Arba in this quarter.
The net interest income (core revenue) has increased by 50.04% to Rs. 18.23 crores compared to Rs. 12.15 crores in the corresponding quarter of the previous year.
The paid-up capital of the company increased to Rs. 96.44 crores in this quarter and its reserve and surplus stood at Rs. 26.40 crores which is an increase of 5.03% in this quarter.
Its annualized earnings per share (EPS) stand at Rs. 21.66. The net worth per share is Rs. 127.37 and the company traded at a P/E multiple of 43.41 times.
Financial Highlights:
|
Particulars |
First Microfinance Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q2, 2078/2079 |
Q2, 2077/2078 |
Difference |
|
|
Paid-Up Capital |
964,492.40 |
876,811.20 |
10.00% |
|
Reserve & Surplus |
264,015.72 |
251,372.33 |
5.03% |
|
Borrowings |
9,538,811.30 |
8,611,444.80 |
10.77% |
|
Deposits |
0.00 |
0.00 |
- |
|
Loans & Advances |
9,852,897.31 |
8,159,765.02 |
20.75% |
|
Net Interest Income |
182,318.06 |
121,513.54 |
50.04% |
|
Provision for possible losses |
30,366.52 |
11,418.65 |
- |
|
Net Profit |
104,432.67 |
75,616.59 |
38.11% |
|
Capital Adequacy (%) |
12.24% |
14.15% |
- |
|
NPL (%) |
0.00% |
0.00% |
- |
|
Cost of fund (%) |
8.59% |
5.93% |
- |
|
EPS (Rs.) |
21.66 |
17.25 |
- |
|
Net worth per share (Rs.) |
127.37 |
128.67 |
- |
|
Qtr end PE ratio (Times) |
43.41 |
- |
- |
|
Qtr End Market Price |
940 |
- |
- |
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