July 19, 2021 | Investopaper
First Microfinance Laghubitta (FMDBL) has reported a rise in profit by a mere 1.29 percent in the fiscal year 2077/78. As per the unaudited fourth quarterly report of the fiscal year 2077/78, the company made a profit of Rs. 14.15 crores. Last year, it had reported a net profit of Rs. 13.97 crores during the same period.
The paid-up capital of the company stands at Rs. 87.68 crores. The reserve has grown to Rs. 28.01 crores, a 102 percent rise in a year. Likewise, the microfinance has borrowed Rs. 8.60 Arba and provided loans of Rs. 8.2 Arba until the end of Ashad 2077/78. Borrowings and loans have grown by 64 percent and 48 percent respectively.
First Microfinance has earned net interest income of Rs. 26.47 crores, which is 18 percent higher than the previous year. Likewise, the operating profit of the company grew by 3 percent to Rs 22.51 crores.
The Non-Performing Loans (NPL) is at zero percent. The cost of fund has fell to5.36 percent.
Looking into the per share ratios, Earnings Per Share (EPS) of First Microfinance stands at Rs. 16.14 percent. Also, the net-worth per share is Rs. 131.95. At the market price of Rs. 823 (of Ashad end, 2078 BS), the P/E ratio stands at 50.99. This indicates that the stock of FMDBL is relatively over-priced relative to its earnings.
The unaudited fourth quarter report of the fiscal year 2077/78 is also summarized in the table below:
First Microfinance Laghubitta (FMDBL): Unaudited Fourth Quarterly Report Summary, FY 2077/78
|Financial Indicators||4th Qtr, F.Y. 2077/78||4th Qtr, F.Y. 2076/77||Percent Change|
|Paid up capital (Rs.’crores’)||87.68||87.68||0|
|Reserve and Surplus (Rs.’ crores’)||28.01||13.83||102.53|
|Loans & Advances (Rs.’Arba’)||8.2||5.54||48.01|
|Net Interest Income (Rs.’crores’)||26.47||22.41||18.12|
|Operating Profit (Rs. ‘crores’)||22.51||21.79||3.30|
|Net Profit (Rs.’crores’)||14.15||13.97||1.29|
|Non Performing Loans, NPL (%)||0||0||–|
|Cost of Funds (%)||5.36||10.07||-46.77|
|Earnings Per Share, EPS (Rs.)||16.14|
|Networth Per Share ( Rs.)||131.95|
|Market Price Per Share (Rs.) [Ashad end, 2078 BS]||823|
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.
About First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL)
First Microfinance Laghubitta started its operation from January 8, 2010 (Poush 24, 2066 BS) in Kathmandu as national level microfinance. It was licensed by Nepal Rastra Bank under the Bank and Financial Institution Act, 2073. First Microfinance provides microfinance services to the economically and socially disadvantaged and deprived people through MFIs.
First microfinance is promoted by Global IME Bank Limited, Prabhu Bank Limited, Deva Bikas Bank Limited, ICFC Finance Limited, renowned bankers, Chartered accountants and professionals.
Promoters hold 51 percent ownership in the company while the general public possess 49 percent shares.
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