First Microfinance Reports 61 Percent Surge In Net Profit [Q1 Report]

November 3, 2022 | Investopaper

First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL), in the first-quarter of the fiscal year 2079/80, has reported a 61 percent rise in net profit. The company posted a net profit of Rs.6.37 crores in the three months period. In the corresponding period of the previous year, such profit stood at Rs. 3.94 crores.

Related: First Microfinance Performance In The Fiscal Year 2078/79

As of Ashwin’s end 2079 BS, the company has a paid-up capital of Rs. 96.44 crores. At this capital, the Earnings Per Share (EPS) is at Rs. 26.45 [Annualized]. The total reserve and surplus is Rs. 49.67 crores.

Until Q1, First Microfinance borrowed the total amount of Rs. 9.21 Arba and provided loans of Rs. 10.36 Arba.

The net interest income grew by 98 percent to Rs. 12.01 crores. This resulted in a sharp rise in operating profit to Rs. 9.11 crores.

The Non-Performing Loans (NPL) is zero. Likewise, the base rate has increased to 13.01 percent from 10.28 percent.

FMDBL traded at Rs 604 at the end of the first quarter. At this price, the P/E ratio is 22.84 which shows that the stock is relatively fairly priced.


Dividend History Of First Microfinance Laghubitta (FMDBL)

Comparative study of 4 wholesale microfinance of Nepal

The table below presents the performance of First microfinance until the First quarter of the fiscal year 2078/79.

First Microfinance Laghubitta (FMDBL): Q1 Report Summary, FY 2079/80

Financial Indicators Q1, F.Y. 2079/80 Q4, F.Y. 2078/79 Percent Change
Paid up capital (Rs.’crores’) 96.44 96.44 0.00
Reserve and Surplus (Rs.’ crores’) 49.67 43.29 14.74
Borrowings (Rs.’Arba’) 9.21 9.45 -2.54
Loans & Advances (Rs.’Arba’) 10.36 10.39 -0.29


Financial Indicators Q1, F.Y. 2079/80 Q1, F.Y. 2078/79 Percent Change
Net Interest Income (Rs.’crores’) 12.01 6.06 98.18
Operating Profit (Rs. ‘crores’) 9.11 5.63 61.81
Net Profit (Rs.’crores’) 6.37 3.94 61.68
Distributable Profit (Rs.’crores’) 2.34
Non Performing Loans, NPL (%) 0 0 0
Base Rate (%) 13.01 10.28 26.56
Earnings Per Share, EPS (Rs.) 26.45
Networth Per Share ( Rs.) 149.52
Market Price Per Share (Rs.) [Ashwin end, 2079 BS] 604
P/E Ratio 22.84

Source: Unaudited Q1 Report, FY 2079/80


The above figures are based on the un-audited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.

To see the reports of other companies, CLICK HERE.


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