First Microfinance Reports 39 Percent Drop in Net Profit [Q1 Report]
November 8, 2024 | Investopaper
First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL), in the first-quarter of the fiscal year 2081/82, has reported a 39 percent drop in net profit. The company posted a net profit of Rs. 3.1 crores in the three months period. In the corresponding period of the previous year, such profit stood at Rs. 5.06 crores.
As of Ashwin’s end 2081 BS, the company has a paid-up capital of Rs. 123.38 crores. At this capital, the Earnings Per Share (EPS) is at Rs. 10.08 [Annualized]. The total reserve and surplus is Rs. 43.57 crores.
Until Q1, First Microfinance borrowed the total amount of Rs. 6.05 Arba and provided loans of Rs. 6.27 Arba.
The net interest income fell by 98 percent to Rs. 6 crores. This resulted in a sharp fall in operating profit to Rs. 4.44 crores.
The Non-Performing Loans (NPL) has surged to 4.44 percent. However, the base rate has decreased to 8.67 percent from 11.94 percent.
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The table below presents the performance of First microfinance until the First quarter of the fiscal year 2081/82.
First Microfinance Laghubitta (FMDBL): Q1 Report Summary, FY 2081/82
| Financial Indicators | Q1, F.Y. 2081/82 | Q4, F.Y. 2080/81 | Percent Change |
| Paid up capital (Rs.’crores’) | 123.38 | 123.38 | 0.00 |
| Reserve and Surplus (Rs.’crores’) | 43.57 | 40.47 | 7.66 |
| Borrowings (Rs.’Arba’) | 6.05 | 6.96 | -13.07 |
| Loans & Advances (Rs.’Arba’) | 6.27 | 7.4 | -15.27 |
| Financial Indicators | Q1, F.Y. 2081/82 | Q1, F.Y. 2080/81 | Percent Change |
| Net Interest Income (Rs.’crores’) | 6 | 8.01 | -25.09 |
| Operating Profit (Rs.’crores’) | 4.44 | 7.24 | -38.67 |
| Net Profit (Rs.’crores’) | 3.1 | 5.06 | -38.74 |
| Non Performing Loans, NPL (%) | 4.44 | 1.91 | 132.46 |
| Base Rate (%) | 8.67 | 11.94 | -27.39 |
| Earnings Per Share, EPS (Rs.) | 10.08 | ||
| Networth Per Share ( Rs.) | 135.32 | ||
| Market Price Per Share (Rs.) [Ashwin end, 2081 BS] | 815 | ||
| P/E Ratio | 80.85 |
Source: Unaudited Q1 Report, FY 2081/82
Note:
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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