National Microfinance Laghubitta Reports 83 Percent Growth In Profit [Q2 Report]

January 31, 2022 | Investopaper

National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) has reported an impressive Annualized Earnings Per Share (EPS) of Rs 83.67 as per the second quarter report of the current fiscal year 2078/79.

The microfinance has earned a net profit of Rs. 24.61 crores in the first six months. The profit has grown by almost 83.50 percent as compared to corresponding period of the previous fiscal year. The rise in profit is due to the increase in net interest income by 72 percent to Rs 44.40 crores.

As of Poush’s end  2078 BS, National Microfinance Laghubitta has a paid-up capital of Rs 58.66 crores. Likewise, the total reserve and surplus stood at Rs 59.41 crores.

The microfinance has floated total loans and advances of Rs 10.22 Arba, a rise of 60 percent as compared to the corresponding period of the previous year.

However, the Non-Performing Loan (NPL) has increased from 2.23 percent to 2.95 percent. Also, the cost of the fund has increased to 7.39 percent.


Dividend History Of National Microfinance Laghubitta (NMFBS)

National Microfinance Laghubitta’s Q1 Report, FY 2078/79

The second-quarter report of National Microfinance is summarized in the table below:

National Microfinance (NMFBS): Q2 Report Summary, 2078/79

Financial Indicators Q2, F.Y. 2078/79 Q2, F.Y. 2077/78 Percent Change
Paid up capital (Rs.’crores’) 58.66 26.4 122.20
Reserve and Surplus (Rs.’crores’) 59.41 34.53 72.05
Borrowings (Rs.’Arba’) 6.43 4.08 57.60
Deposits (Rs.’Arba’) 2.84 1.84 54.35
Loans & Advances (Rs.’Arba’) 10.22 6.38 60.19
Net Interest Income (Rs.’crores’) 44.4 25.78 72.23
Operating Profit (Rs.’crores’) 39.06 21.29 83.47
Net Profit (Rs.’crores’) 24.61 13.41 83.52
Non Performing Loans, NPL(%) 2.95 2.23 32.29
Cost of Funds (%) 7.39 6.44 14.75
Earnings Per Share, EPS(Rs.) 83.67
Networth Per Share ( Rs.) 201.28
Market Price Per Share (Rs.) [Poush end, 2078 BS] 2705
P/E Ratio 32.33

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.

To see the reports of other companies, CLICK HERE.


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