First Microfinance Reports 23 Percent Drop In Profit | EPS At Rs. 17.16 [Q4 Report]
July 31, 2023 | Investopaper
First Microfinance Laghubitta (FMDBL) has reported a fall in profit by 23 percent in the fiscal year 2079/80. As per the unaudited fourth quarterly report of the fiscal year 2079/80, the company posted a profit of Rs. 19.69 crores. In the previous year, it had reported a net profit of Rs. 25.7 crores during the same period.
The paid-up capital of the company stands at Rs. 114.77 crores. The reserve and surplus is at Rs. 43.46. Likewise, the microfinance has borrowed Rs. 7.46 Arba and provided loans of Rs. 7.65 Arba until the end of Ashad 2080 BS. Borrowings and loans have declined by 21 percent and 26 percent respectively.
First Microfinance has earned net interest income of Rs. 43.34 crores, which is slightly higher than the previous year. Likewise, the operating profit of the company fell by 23 percent to Rs 28.47 crores.
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The Non-Performing Loans (NPL) is at 0.66 percent. The base rate has inclined to 12.6 percent.
Looking into the per share ratios, Earnings Per Share (EPS) of FMDBL stands at Rs. 17.16 percent. Also, the net-worth per share is Rs. 137.87.
The unaudited fourth quarterly report of the fiscal year 2079/80 is also summarized in the table below:
First Microfinance Laghubitta (FMDBL): Report Summary, FY 2079/80
| Financial Indicators | F.Y. 2079/80 | F.Y. 2078/79 | Percent Change |
| Paid up capital (Rs.’crores’) | 114.77 | 96.44 | 19.01 |
| Reserve and Surplus (Rs.’ crores’) | 43.46 | 43.18 | 0.65 |
| Borrowings (Rs.’Arba’) | 7.46 | 9.45 | -21.06 |
| Loans & Advances (Rs.’Arba’) | 7.65 | 10.39 | -26.37 |
| Net Interest Income (Rs.’crores’) | 43.34 | 42.54 | 1.88 |
| Operating Profit (Rs. ‘crores’) | 28.47 | 37.18 | -23.43 |
| Net Profit (Rs.’crores’) | 19.69 | 25.7 | -23.39 |
| Distributable Profit (Rs.’crores’) | 17.71 | – | – |
| Non Performing Loans, NPL (%) | 0.66 | 0 | – |
| Base Rate (%) | 12.6 | 12.35 | 2.02 |
| Earnings Per Share, EPS (Rs.) | 17.16 | ||
| Networth Per Share ( Rs.) | 137.87 | ||
| Market Price Per Share (Rs.) [Ashad end, 2080 BS] | 736.3 | ||
| P/E Ratio | 42.91 |
Source: Unaudited Q4 Report, FY 2079/80
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.
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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