Meromicrofinance Laghubitta Reports Rise In Profit By 89 Percent [Q2 Report]
February 1, 2022 | Investopaper
Meromicrofinance Laghubitta Bittiya Sanstha Limited (MERO) has reported a rise in net profit by more than 89 percent until the second quarter of the fiscal year 2078/79. The microfinance posted a net profit of Rs. 26.65 crores, up from Rs 14.07 crores of the corresponding period of the previous fiscal year.
As of Poush’s end 2078 BS, Meromicrofinance Laghubitta has a current capital of Rs. 120 crores. At this capital, the Annualized Earnings Per Share (EPS) stood at Rs. 44.43. Likewise, the company has a per-share net worth of Rs. 154.09.
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Dividend History Of Meromicrofinance Laghubitta (MERO)
Meromicrofinance Laghubitta’s Performance In FY 2077/78
See the summarized version of the unaudited second-quarterly report of Meromicrofinance Laghubitta in the table below.
Meromicrofinance Laghubitta (MERO): Q2 Report Summary, FY 2078/79
| Financial Indicators | Q2, F.Y. 2078/79 | Q2, F.Y. 2077/78 | Percent Change |
| Paid up capital (Rs.’crores’) | 120 | 100 | 20.00 |
| Reserve and Surplus (Rs.’crores’) | 64.9 | 34.53 | 87.95 |
| Borrowings (Rs.’Arba’) | 11.35 | 7.29 | 55.69 |
| Deposits (Rs.’Arba’) | 2.95 | 2.11 | 39.81 |
| Loans & Advances (Rs.’Arba’) | 16.27 | 10.47 | 55.40 |
| Net Interest Income (Rs.’crores’) | 57.1 | 30.26 | 88.70 |
| Operating Profit (Rs.’crores’) | 33.17 | 16.62 | 99.58 |
| Net Profit (Rs.’crores’) | 26.65 | 14.07 | 89.41 |
| Non Performing Loans, NPL(%) | 3.55 | 2.05 | 73.17 |
| Cost of Funds (%) | 8.34 | 5.41 | 54.16 |
| Earnings Per Share, EPS(Rs.) | 44.43 | ||
| Networth Per Share ( Rs.) | 154.09 | ||
| Market Price Per Share (Rs.) [Poush end, 2078 BS] | 1275 | ||
| P/E Ratio | 28.70 |
Source: Unaudited Q2 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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