Womi Microfinance Bittiya Sanstha Limited (WOMI) has reported negligible rise of 6.37% in net profit for the third quarter of the current fiscal year 2073/74.
Publishing the unaudited financial report for the third quarter today, the microfinance company has stated that its net profit rose to Rs 1.56 crore in third quarter of fiscal year 2073/74, up from Rs 1.46 crore reported in the corresponding quarter of the previous fiscal year 2072/73.
The microfinance has borrowings of Rs 29.28 crore in the 3rd quarter compared to Rs 23.58 crore in the corresponding quarter last year. Likewise, it extended loans of Rs 59.04 crore, up from 38.47 crore. It has collected deposits of Rs 21.92 crore.
It has paid up capital of Rs 6.48 crore with reserve of Rs 3.35 crore in Q3.
Womi Microfinance’s net interest income has risen from Rs 3.70 crore in the corresponding quarter last year to Rs 4.34 crore in the third quarter of fiscal year 2073/74.
It has posted an operating profit of Rs 2.28 crore in Q3, up from Rs 2.05 crore in corresponding quarter.
The microfinance’s non-performing loan (NPL) has slightly inclined from 1.23% in the corresponding quarter to 1.58% in Q3.
Its Earning per Share (EPS) now stands at Rs 32.16, net worth per share at Rs 151.72 and P/E ratio at 58.14 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
64,800 |
36,000 |
80.00% |
| Reserve and Surplus |
33,517 |
21,865 |
53.29% |
| Deposits |
219,269 |
115,673 |
89.56% |
| Loans and Advances |
590,491 |
384,757 |
53.47% |
| Net Interest Income |
43,477 |
37,093 |
17.21% |
| Provision |
4,542 |
5,906 |
- |
| Write Back |
1,720 |
2,549 |
- |
| Operating Profit |
22,842 |
26,445 |
-13.62% |
| Net Profit |
15,630 |
14,693 |
6.38% |
| Capital Adequacy Ratio |
17.23% |
15.44% |
- |
| NPL |
1.58% |
1.23% |
28.46% |
| Cost of Fund |
10.21% |
3.95% |
|
| CD Ratio (as per NRB) |
0.00% |
0.00% |
- |
| EPS (Annualized) |
32.16 |
54.42 |
-40.90% |
| PE Ratio |
58.14 |
|
|
| Networth Per Share |
151.72 |
|
|
On the other hand,
Nirdhan Utthan Bank Limited (NUBL) has reported a 78.04% growth in net profit for the third quarter of the current fiscal year 2073/74.
Publishing the unaudited financial report for the third quarter today, the microfinance company’s net profit rose to Rs 44.72 crore in the third quarter of fiscal year 2073/74 up from Rs 25.11 crore reported in the corresponding quarter of the previous fiscal year 2072/73.
The microfinance has borrowings of Rs 6.64 arba in the third quarter compared to Rs 5.52 arba in the corresponding quarter last year. Likewise, it extended loans of Rs 12.03 arba, up from Rs 9.06 crore. It has collected deposits of Rs 5.59 arba.
It has a paid up capital of Rs 60 crore with reserve of Rs 94.26 crore in Q3.
Nirdhan Utthan’s net interest income has risen from Rs 76.90 crore in the corresponding quarter last year to Rs 1.07 arba in the second quarter of fiscal year 2073/74.
It has posted an operating profit of Rs 69.10crore in Q3 up from Rs 38.40 crore in corresponding quarters.
The microfinance non-performing loan (NPL) has declined from 1.33% in the corresponding quarter to 0.25 % in Q3.
Its annualized Earning per Share (EPS) now stands at Rs 99.38, net worth per share at Rs 257.11 and P/E ratio at 16.52 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
600,000 |
500,000 |
20.00% |
| Reserve and Surplus |
942,654 |
527,733 |
78.62% |
| Borrowings |
6,646,047 |
5,526,822 |
20.25% |
| Deposits |
5,591,037 |
3,740,999 |
49.45% |
| Loans and Advances |
12,037,034 |
9,068,779 |
32.73% |
| Net Interest Income |
1,074,762 |
769,049 |
39.75% |
| Provision |
19,739 |
55,899 |
- |
| Write Back |
- |
- |
- |
| Operating Profit |
691,020 |
384,013 |
79.95% |
| Net Profit |
447,207 |
251,171 |
78.05% |
| Capital Adequacy Ratio |
12.22% |
12.41% |
- |
| NPL |
0.25% |
1.33% |
-81.20% |
| Cost of Fund |
7.98% |
5.20% |
|
| CD Ratio (as per NRB) |
218.00% |
246.00% |
- |
| EPS (Annualized) |
99.38 |
66.98 |
48.37% |
| PE Ratio |
16.52 |
|
|
| Networth Per Share |
257.11 |
|
|
