January 26, 2022 | Investopaper
Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) has reported a rise in profit by almost 62 percent in the second quarter of the current fiscal year 2078/79. The microfinance has posted a net profit of Rs. 12.16 crores, up from Rs. 7.51 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. 28.45 crores as net interest income until the second quarter, a 58 percent rise from the corresponding period of the last year.
The company increased its loan portfolio by 62 percent to Rs. 8.86 Arba. As of Poush’s end 2078 BS, MMFDB has a paid-up capital of Rs. 43.50 crores. Likewise, the reserve and surplus stands at Rs. 44.84 crores.
The Annualized Earnings Per Share (EPS) is at Rs. 55.91 while the per-share net worth is Rs. 203.07.
Note: The 20 percent bonus share for the fiscal year 2077/78 is not adjusted in the published quarterly report. After the adjustment of the bonus share, the numbers will vary accordingly.
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The unaudited second-quarter report of Mirmire Laghubitta is also summarized in the table below:
Mirmire Laghubitta (MMFDB) Second Quarterly Report Summary, FY 2077/78
|Financial Indicators||Q2, F.Y. 2078/79||Q2, F.Y. 2077/78||Percent Change|
|Paid up capital (Rs.’crores’)||43.5||39.86||9.13|
|Reserve and Surplus (Rs.’crores’)||44.84||20.54||118.31|
|Loans & Advances (Rs.’Arba’)||8.86||5.46||62.27|
|Net Interest Income (Rs.’crores’)||28.45||17.92||58.76|
|Operating Profit (Rs.’crores’)||19.3||11.92||61.91|
|Net Profit (Rs.’crores’)||12.16||7.51||61.92|
|Non Performing Loans, NPL(%)||1.55||2.8||-44.64|
|Cost of Funds (%)||8.99||6.1||47.38|
|Earnings Per Share, EPS(Rs.)||55.91|
|Networth Per Share ( Rs.)||203.07|
|Market Price Per Share (Rs.) [Poush end, 2078 BS]||1498|
Source: Unaudited Q2 Report, FY 2078/79
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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