Meromicrofinance Laghubitta Posts Rs 44.22 Crores In Profit | EPS At Rs. 36.85 [Q4 Report]
August 16, 2022 | Investopaper
Meromicrofinance Laghubitta Bittiya Sanstha Limited (MERO) has posted a net profit of Rs 44.22 crores in the fiscal year 2078/79. As per the unaudited fourth quarterly (Q4) report, the net profit of the microfinance has dropped by 7 percent. In the previous fiscal year 2077/78, the company had earned Rs 47.69 crores in net profit. The decline in profit is due to the increase in the operating expenses by almost Rs. 20.5 crores.
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Major Financial Indicators of Meromicrofinance Laghubitta, FY 2078/79
Paid-up capital: Rs 120 crores
Reserve and Surplus: Rs 87.58 crores
Borrowings: Rs 10.39 Arba
Deposits: Rs 3.41 Arba
Loans & Advances: Rs 16.42 Arba
Net Interest Income: Rs 109.25 crores
Operating Profit: Rs 63.15 crores
Net Profit: Rs 44.22 crores
Non-Performing Loans (NPL): 2.94 percent
Cost of Funds: 11.18 percent
Earnings Per Share: Rs 36.85
Networth Per Share: Rs 177.99
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Meromicrofinance Laghubitta (MERO): Report Summary, FY 2078/79
| Financial Indicators | FY 2078/79 | FY 2077/78 | Percent Change |
| Paid up capital (Rs.’crores’) | 120 | 100 | 20.00 |
| Reserve and Surplus (Rs.’crores’) | 87.58 | 67.51 | 29.73 |
| Borrowings (Rs.’Arba’) | 10.39 | 9.29 | 11.84 |
| Deposits (Rs.’Arba’) | 3.41 | 2.41 | 41.49 |
| Loans & Advances (Rs.’Arba’) | 16.42 | 13.62 | 20.56 |
| Net Interest Income (Rs.’crores’) | 109.25 | 95.47 | 14.43 |
| Operating Profit (Rs.’crores’) | 63.15 | 67.06 | -5.83 |
| Net Profit (Rs.’crores’) | 44.22 | 47.69 | -7.28 |
| Non Performing Loans, NPL (%) | 2.94 | 3.78 | -22.22 |
| Cost of Funds (%) | 11.18 | 6.1 | 83.28 |
| Earnings Per Share, EPS (Rs.) | 36.85 | ||
| Networth Per Share ( Rs.) | 177.99 | ||
| Market Price Per Share (Rs.) [Ashad end, 2079 BS] | 847.00 | ||
| P/E Ratio | 22.99 |
Source: Unaudited Q4 Report, FY 2078/79
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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