February 11, 2020 | Investopaper
National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) has reported an astounding Annualized Earnings Per Share (EPS) of Rs 101.90 until the second quarter of the current fiscal year 2077/78.
The microfinance has earned a net profit of Rs. 13.41 crores in the first six months. The profit has grown by almost 45 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 37 percent to Rs 25.78 crores.
As of Poush end 2077 BS, National Microfinance Laghubitta has a paid-up capital of Rs 26.40 crores. Likewise, the total reserve and surplus stood at Rs 34.53 crores.
The microfinance has floated total loans and advances of Rs 6.38 Arba, a rise of 62 percent as compared to the corresponding period of the previous year.
However, the Non-Performing Loan (NPL) has increased from 1.76 percent to 2.23 percent. On the other hand, the cost of the fund has decreased to 6.44 percent.
The second-quarter report of National Microfinance is summarized in the table below:
National Microfinance Second-Quarter Report Summary, 2077/78
|Financial Indicators||Q2, F.Y. 2077/78||Q2, F.Y. 2076/77||Percent Change|
|Paid up capital (Rs.’crores’)||26.4||26.4||0.00|
|Reserve and Surplus (Rs.’ crores’)||34.53||22.51||53.40|
|Loans & Advances(Rs.’Arba’)||6.38||3.93||62.34|
|Net Interest Income(Rs.’crores’)||25.78||18.72||37.71|
|Operating Profit (Rs. “crores’)||21.29||14.68||45.03|
|Net Profit (Rs.’crores’)||13.41||9.25||44.97|
|Non Performing Loans, NPL (%)||2.23||1.76||26.70|
|Cost of Funds (%)||6.44||9.82||-34.42|
|Earnings Per Share, EPS (Rs.)||101.9|
|Networth Per Share ( Rs.)||130.78|
|Market Price Per Share (Rs.) [Poush end, 2077]||2412|
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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