Mirmire Laghubitta Reports 49 Percent Decline In Net Profit [Q1 Report]

November 13, 2022 | Investopaper

Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) has reported a fall in profit by 49 percent in the first quarter of the current fiscal year 2079/80. The microfinance has posted a net profit of Rs. 2.82 crores, down from Rs. 5.58 crores of the same period as the previous year.

Mirmire Laghubitta earned Rs. 12.61 crores as net interest income in three months period, a 3 percent increment from the corresponding period of the last year.

The company increased its loan portfolio by 10 percent to Rs. 8.95 Arba. As of Ashwin’s end 2079 BS, MMFDB has a paid-up capital of Rs. 53.12 crores. Likewise, the reserve and surplus stands at Rs. 52.58 crores.

The Annualized Earnings Per Share (EPS) is at Rs. 21.28 while the per-share net worth is Rs. 199.01.

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Mirmire Laghubitta’s Performance In FY 2078/79

Dividend History Of Mirmire Laghubitta (MMFDB)

The unaudited quarterly report of Mirmire Laghubitta is also summarized in the table below:

Mirmire Laghubitta (MMFDB): 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’) 53.12 43.5 22.11
Reserve and Surplus (Rs. ‘crores’) 52.58 46.77 12.42
Borrowings (Rs. ‘Arba’) 5.53 5.46 1.28
Deposits (Rs. ‘Arba’) 2.77 2.13 30.05
Loans & Advances (Rs. ‘Arba’) 8.95 8.12 10.22


Financial Indicators Q1, F.Y. 2079/80 Q1, F.Y. 2078/79 Percent Change
Net Interest Income (Rs. ‘crores’) 12.61 12.17 3.62
Operating Profit (Rs. ‘crores’) 4.03 7.97 -49.44
Net Profit (Rs. ‘crores’) 2.82 5.58 -49.46
Distributable Profit (Rs. ‘crores’) 0.38
Non Performing Loans, NPL (%) 3.47 2 73.50
Base Rate (%) 15.18 12.57 20.76
Earnings Per Share, EPS (Rs.) 21.28
Networth Per Share ( Rs.) 199.01
Market Price Per Share (Rs.) [Ashwin end, 2079 BS] 940.00
P/E Ratio 44.17

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.

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