Meromicrofinance Laghubitta Posts Net Profit of Rs. 6.43 Crores [Q2 Report]

February 2, 2024 | Investopaper

Meromicrofinance Laghubitta Bittiya Sanstha Limited (MERO) has reported a fall in net profit by 5 percent until the second quarter of the fiscal year 2080/81. The microfinance posted a net profit of Rs. 6.43 crores, down from Rs 6.77 crores of the corresponding period of the previous fiscal year.

As of Poush’s end 2080 BS, Meromicrofinance Laghubitta has a current capital of Rs. 132 crores. At this capital, the Annualized Earnings Per Share (EPS) stood at Rs. 9.74. Likewise, the company has a per-share net worth of Rs. 149.22.


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Dividend History Of Meromicrofinance Laghubitta (MERO)


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

Meromicrofinance Laghubitta (MERO): Q2 Report Summary, FY 2080/81

Financial Indicators Q2, F.Y. 2080/81 Q4, F.Y. 2079/80 Percent Change
Paid-up capital (Rs. ‘crores’) 132 132 0.00
Reserve and Surplus (Rs. ‘crores’) 64.96 58.22 11.58
Borrowings (Rs. ‘Arba’) 8.14 8.6 -5.35
Deposits From Customers (Rs. ‘Arba’) 3.38 3.42 -1.17
Loans & Advances To Customers (Rs. ‘Arba’) 13.78 13.91 -0.93

 

Financial Indicators Q2, F.Y. 2080/81 Q2, F.Y. 2079/80 Percent Change
Net Interest Income (Rs. ‘crores’) 39.63 39.17 1.17
Operating Profit (Rs. ‘crores’) 9.18 9.48 -3.16
Net Profit (Rs. ‘crores’) 6.43 6.77 -5.02
Distributable Profit (Rs. ‘crores’) 6.97
Non Performing Loans, NPL (%) 7.87 4.96 58.67
Base Rate (%) 14.58 15.9 -8.30
Earnings Per Share, EPS (Rs.) 9.74
Networth Per Share ( Rs.) 149.22
Market Price Per Share (Rs.) [Poush end, 2080 BS] 595.8
P/E Ratio 61.17

Source: Unaudited Q2 Report, FY 2080/81


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.

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