Womi Laghubitta Reports Impressive Growth In Major Indicators; Here's Why
Fri, Jan 28, 2022 8:44 AM on Company Analysis, Latest,
Womi Laghubitta Bittiya Sanstha Limited (WOMI) has posted a net profit of Rs 8.77 crore and published its 2nd quarter company analysis of the fiscal year 2078/79.
The profit of the company in Q2 2078/79 has increased by 65.08% compared to Rs 5.31 crores in Q2 2077/78.
The borrowings of the company have increased by 135.36% to Rs 3.06 Arba from Rs 1.30 Arba in Q2 2078/79. The microfinance company collected deposits of Rs 2.14 Arba and has floated loans of Rs 5.69 Arba in Q2 2078/79. Loan & advances of the company have increased by 105.50% compared to the corresponding quarter of last fiscal year.
Major growth is seen due to the merger between Womi Laghubitta and Suryodaya Laghubitta.
The net interest income of the company has grown by 77.49% to Rs. 20.74 crores.
The Paid-Up capital and reserve of Womi Laghubitta Bittiya Sanstha Limited stand at Rs 49.43 crores and Rs 30.86 crores respectively. The EPS and net worth per share stood at Rs 35.49 and Rs 162.44 respectively in Q2 2078/79. Moreover, the P/E ratio according to the report is 37.79 times.
Major financial highlights:
|
Particulars |
Womi Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q2, 2078/2079 |
Q2, 2077/2078 |
Difference |
|
|
Paid-Up Capital |
494,333.00 |
361,202.00 |
36.86% |
|
Reserve & Surplus |
308,663.00 |
146,624.00 |
110.51% |
|
Borrowings |
3,069,149.00 |
1,304,026.00 |
135.36% |
|
Deposits |
2,146,609.00 |
1,044,575.00 |
105.50% |
|
Loans & Advances |
5,691,421.00 |
3,007,182.00 |
89.26% |
|
Net Interest Income |
207,424.00 |
116,868.00 |
77.49% |
|
Write Back of Provision |
2,643.00 |
0.00 |
- |
|
Net Profit |
87,709.00 |
53,132.00 |
65.08% |
|
Capital Adequacy (%) |
12.66% |
15.93% |
- |
|
NPL (%) |
2.33% |
2.85% |
- |
|
Cost of fund (%) |
7.55% |
5.88% |
- |
|
EPS (Rs.) |
35.49 |
29.42 |
- |
|
Net worth per share (Rs.) |
162.44 |
140.59 |
- |
|
Qtr end PE ratio (Times) |
37.79 |
- |
- |
