October 19, 2020 | Investopaper
First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL), in the first-quarter of the fiscal year 2077/78, has shown a growth in net profit by 10.82 percent. The company reported a profit of Rs. 2.97 crores in the first quarter of the fiscal year 2077/78. In the corresponding period of the previous year, the profit stood at Rs. 2.68 crores.
At the paid-up capital of Rs. 87.68 crores, the Earnings Per Share (EPS) is at Rs. 13.56 [Annualized]. The total reserve of the microfinance is Rs. 16.61 crores.
First Microfinance borrowed the total amount of Rs. 5.95 Arba and provided loans of Rs. 6.03 Arba. This is the growth of 10 percent and 7.50 percent in borrowing and loans respectively from the previous year’s corresponding quarter.
With the increase in the loan portfolio, the net interest income grew by 24 percent to Rs. 5.28 crores. This resulted in a rise in net profit by 10.82 percent to Rs. 2.97 crores.
The Non-Performing Loans (NPL) is zero. Likewise, the cost of fund has fallen sharply to 7.15 percent from 10.72 percent.
The share price of First Microfinance (FMDBL) is Rs 566 at the end of the first quarter. At this price, the P/E ratio is 41.74 which shows that the stock is relatively higher priced.
The table below presents the performance of First microfinance until the First quarter of the fiscal year 2077/78.
First Microfinance (FMDBL) First Quarterly Report, FY 2077/78
|HEADINGS||1st Qtr, 2077/78||1st Qtr, 2076/77||PERCENT CHANGE|
|PAID-UP CAPITAL (Rs. In crores)||87.68||80.07||9.50|
|RESERVE (Rs. In crores)||16.61||13.49||23.13|
|BORROWINGS (Rs. In Arba)||5.95||5.4||10.19|
|LOANS (Rs. In Arba)||6.03||5.62||7.30|
|NET INTEREST INCOME (Rs. In crores)||5.28||4.25||24.24|
|PROFIT (Rs. In crores)||2.97||2.68||10.82|
|NON PERFORMING LOANS, NPL (%)||0||0||–|
|COST OF FUND (%)||7.15||10.72||-33.30|
|EARNINGS PER SHARE, EPS (Rs.)||13.56|
|NETWORTH PER SHARE (Rs.)||118.94|
|MARKET PRICE PER SHARE (Rs.) [Ashoj end, 2077]||566|
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.
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