Mirmire Laghubitta Reports Decline in Profit by 41 Percent [Q2 Report]
January 17, 2024 | Investopaper
Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) has reported a decline in profit by almost 41 percent in the second quarter of the current fiscal year 2080/81. The microfinance has posted a net profit of Rs. 3.40 crores, down from Rs. 5.81 crores of the same period as the previous year.
The fall in profit is mainly due to the decrease in net interest income. Mirmire Laghubitta earned Rs. 17.85 crores as net interest income until the second quarter, a 26 percent fall from the corresponding period of the last year.
The company increased its loan portfolio by 3.25 percent to Rs. 8.26 Arba. As of Poush’s end 2080 BS, MMFDB has a paid-up capital of Rs. 66.57 crores. Likewise, the reserve and surplus stands at Rs. 42.87 crores.
The Annualized Earnings Per Share (EPS) is at Rs. 10.22 while the per-share net worth is Rs. 164.41
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Dividend History Of Mirmire Laghubitta (MMFDB)
The unaudited second-quarter report of Mirmire Laghubitta is also summarized in the table below:
Mirmire Laghubitta (MMFDB) Second Quarterly Report Summary, FY 2080/81
| Financial Indicators | Q2, F.Y. 2080/81 | Q4, F.Y. 2079/80 | Percent Change |
| Paid up capital (Rs.’crores’) | 66.57 | 65.33 | 1.90 |
| Reserve and Surplus (Rs.’crores’) | 42.87 | 39.28 | 9.14 |
| Borrowings (Rs.’Arba’) | 4.89 | 4.9 | -0.20 |
| Deposits (Rs.’Arba’) | 2.59 | 2.61 | -0.77 |
| Loans & Advances (Rs.’Arba’) | 8.26 | 8 | 3.25 |
| Financial Indicators | Q2, F.Y. 2080/81 | Q2, F.Y. 2079/80 | Percent Change |
| Net Interest Income (Rs.’crores’) | 17.85 | 24.07 | -25.84 |
| Operating Profit (Rs.’crores’) | 4.85 | 8.3 | -41.57 |
| Net Profit (Rs.’crores’) | 3.4 | 5.81 | -41.48 |
| Non Performing Loans, NPL (%) | 4.51 | 3.84 | 17.45 |
| Base Rate (%) | 16.56 | 17.8 | -6.97 |
| Earnings Per Share, EPS (Rs.) | 10.22 | ||
| Networth Per Share ( Rs.) | 164.41 | ||
| Market Price Per Share (Rs.) [Poush end, 2080 BS] | 624 | ||
| P/E Ratio | 61.06 |
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.
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