Mithila Laghubitta Profit Grows By 9.50%, EPS at Rs 19.31
May 10, 2020 | Investopaper
Mithila Laghubitta has published its third-quarter report of FY 2076/77. The unaudited report shows a 9.50 percent rise in its net profit as compared to last year’s corresponding quarter. The net profit stands at Rs. 1.53 crores until this quarter. Last year, the microfinance made a profit of Rs. 1.40 crores in the third quarter.
The net profit rose slightly due to the rise in the operating profit by 8.50 percent. The company earned an operating profit of Rs. 2.32 crores in the nine months period, up from Rs. 2.14 crores in the same period of the previous year.
The paid-up capital stands at Rs. 10.59 crores. Similarly, reserve & surplus is at Rs. 5.95 crores. The microfinance has made loans and advances of Rs. 1.19 Arba.
The company reported a net interest income of Rs. 5.01 crores in this period which is almost 22 percent more than previous year’s third quarter.
The nonperforming loan stands at 2.42 percent. The cost of fund stands at 10.54 percent. Annualized EPS and networth per share are at Rs. 19.31 and Rs. 156.18 as per the third quarter.
The third quarter reported is summarized in the table below:
Mithila Laghubitta Third Quarter Report Summary, F.Y. 2076/77
| Headings | 3rd Qtr, F.Y. 2076/77 | 3rd Qtr, F.Y. 2075/76 | Percent Change |
| Paid up capital(Rs.’crores’) | 10.59 | 6.6 | 60.45 |
| Reserve and Surplus(Rs.’ crores’) | 5.95 | 3.95 | 50.63 |
| Borrowings(Rs.’ crores’) | 72.55 | 52.48 | 38.24 |
| Deposits(Rs.’ crores’) | 34.26 | 22.54 | 52.00 |
| Loans & Advances(Rs.’ crores’) | 119.16 | 84.31 | 41.34 |
| Net Interest Income(Rs.’crores’) | 5.01 | 4.11 | 21.90 |
| Operaing Profit (Rs. “crores’) | 2.32 | 2.14 | 8.41 |
| Net Profit(Rs.’crores’) | 1.53 | 1.4 | 9.29 |
| Non Performing Loans, NPL(%) | 2.42 | 2.65 | -8.68 |
| Cost of Funds (%) | 10.54 | 14.08 | -25.14 |
| Earnings Per Share, EPS(Rs.) | 19.31 | ||
| Networth Per Share ( Rs.) | 156.18 | ||
| Market Price Per Share (Rs.) [Chaitra end, 2076] | 604 | ||
| P/E Ratio | 31.28 |
Note:
The above figures are based on the unaudited 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.
