Mirmire Laghubitta Reports Rise In Profit By 88 Percent

January 24, 2021 | Investopaper

Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) has reported a rise in profit by more than 88 percent in the second quarter of the fiscal year 2077/78. The microfinance has posted a net profit of Rs. 7.51 crores, up from Rs. 3.98 crores of the same period as the previous year.

The growth in profit is mainly due to the increase in net interest income. Mirmire Laghubitta earned Rs. 17.92 crores until the second quarter, a 73 percent rise from the corresponding period of the last year.

The company increased its loan portfolio by 116 percent to Rs. 5.46 Arba. The current capital of Mirmire Laghubitta is Rs. 39.86 crores. Likewise, the reserve stands at Rs. 20.54 crores.

The Annualized Earnings Per Share (EPS) is at Rs. 37.97 while the per-share net worth is Rs. 151.55.

The unaudited second-quarter report of Mirmire Laghubitta is also summarized in the table below:

Mirmire Laghubitta Second Quarterly Report Summary, FY 2077/78

FINANCIAL INDICATORS Q2, 2077/78 Q2, 2076/77 PERCENT CHANGE
PAID-UP CAPITAL (Rs. In crores) 39.86 12.87 209.71
RESERVE (Rs. In crores) 20.54 13.36 53.74
BORROWINGS (Rs. In Arba) 3.35 1.65 103.03
DEPOSITS (Rs. In Arba) 1.67 0.91 83.52
LOANS  (Rs. In Arba) 5.46 2.52 116.67
NET INTEREST INCOME (Rs. In crores) 17.92 10.35 73.14
OPERATING PROFIT (Rs. In crores) 11.92 5.4 120.74
PROFIT (Rs. In crores) 7.51 3.98 88.69
NON PERFORMING LOANS, NPL (%) 2.8 1.48 89.19
COST OF FUND (%) 6.1 11.16 -45.34
EARNINGS PER SHARE, EPS (Rs.) 37.94
NETWORTH PER SHARE (Rs.) 151.55
MARKET PRICE PER SHARE (Rs.) [Poush end, 2077] 1,445
P/E RATIO 38.09

 

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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