Meromicrofinance Laghubitta Posts Net Profit Of Rs. 2.55 Crores | Profit Falls By 84 Percent [Q1 Report]

November 14, 2022 | Investopaper

Meromicrofinance Laghubitta Bittiya Sanstha Limited (MERO) has reported a fall in net profit by more than 84 percent until the first quarter of the fiscal year 2079/80. The microfinance posted a net profit of Rs. 2.55 crores, down from Rs 16.36 crores of the corresponding period of the previous fiscal year.

The decline in profit is due to the drop in the net interest income by more than 36 percent. The microfinance earned Rs. 20.16 crores as net interest income in the three months period. In the same period of the previous year, such income stood at Rs. 31.55 crores.

As of Ashwin’s end 2079 BS, Meromicrofinance Laghubitta has a current capital of Rs. 120 crores. At this capital, the Annualized Earnings Per Share (EPS) stood at Rs. 8.53. Likewise, the company has a per-share net worth of Rs. 172.18.

You May Also Like:

Dividend History Of Meromicrofinance Laghubitta (MERO)

Meromicrofinance Laghubitta’s Performance In FY 2078/79

See the summarized version of the unaudited quarterly report of Meromicrofinance Laghubitta in the table below.

Meromicrofinance Laghubitta (MERO): Q1 Report Summary, FY 2079/80

Financial Indicators Q1, F.Y. 2079/80 Q4, F.Y. 2078/79 Percent Change
Paid-up capital (Rs. ‘crores’) 120 120 0.00
Reserve and Surplus (Rs. ‘crores’) 86.61 83.74 3.43
Borrowings (Rs. ‘Arba’) 9.69 10.39 -6.74
Deposits (Rs. ‘Arba’) 3.45 3.41 1.17
Loans & Advances (Rs. ‘Arba’) 15.96 16.4 -2.68


Financial Indicators Q1, F.Y. 2079/80 Q1, F.Y. 2078/79 Percent Change
Net Interest Income (Rs. ‘crores’) 20.16 31.55 -36.10
Operating Profit (Rs. ‘crores’) 3.45 23.37 -85.24
Net Profit (Rs. ‘crores’) 2.55 16.36 -84.41
Distributable Profit (Rs. ‘crores’) 1.19
Non Performing Loans, NPL (%) 4.89 4.96 -1.41
Base Rate (%) 13.37 11.02 21.32
Earnings Per Share, EPS (Rs.) 8.53
Networth Per Share ( Rs.) 172.18
Market Price Per Share (Rs.) [Ashwin end, 2079 BS] 760.00
P/E Ratio 89.10

Source: Unaudited Q1 Report, FY 2079/80


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.


Investopaper is a financial website which provides news, articles, data, and reports related to business, finance and economics.

Leave a Reply

Your email address will not be published.

error: Content is protected !!