Unnati Microfinance profit rises by 103 percent
August 7, 2019 | Investopaper
Unnati Microfinance has published its fourth-quarter report of FY 2075/76 today. The unaudited report shows a 103.40 percent rise in its net profit as compared to last year’s corresponding quarter. The net profit stands at Rs. 4.19 crores for this quarter. Last year, the microfinance made a profit of Rs. 2.06 crores in the fourth quarter.
The paid-up capital stands at Rs. 8.83 crores. Similarly, reserve & surplus is at Rs. 6.11 crores. The microfinance has loans and advances of Rs. 145.94 crores. Also, the company reported a net interest income of Rs. 8.51 crores in this period which is 30.92% more than the previous year’s fourth quarter.
The nonperforming loan stands at 1.63%. Annualized EPS is at Rs. 47.43 as per the fourth quarter. The cost of fund stands at 10.28%.
Unnati has already signed a merger agreement with Sahakarya Laghubitta and the merged entity will operate as Unnati Sahakarya Laghubitta.
Financial Highlights of Unnati Microfinance, 4th Quarter. F.Y. 2075/76
| HEADINGS | 4TH QTR, 2075/76 | 4TH QTR, 2074/75 | PERCENT CHANGE |
| PAID-UP CAPITAL (Rs. In crores) | 8.83 | 5.5 | 60.55 |
| RESERVE (Rs. In crores) | 6.11 | 3.52 | 73.58 |
| BORROWINGS (Rs. In crores) | 110.82 | 85.24 | 30.01 |
| DEPOSITS (Rs. In crores) | 55.6 | 33.36 | 66.67 |
| LOANS (Rs. In crores) | 145.94 | 100.18 | 45.68 |
| NET INTEREST INCOME (Rs. In crores) | 8.51 | 6.5 | 30.92 |
| PROFIT (Rs. In crores) | 4.19 | 2.06 | 103.40 |
| NON PERFORMING LOANS, NPL (%) | 1.63 | 0.62 | 162.90 |
| COST OF FUND (%) | 10.28 | 10.07 | 2.09 |
| EARNINGS PER SHARE, EPS (Rs.) | 47.43 | ||
| NETWORTH PER SHARE (Rs.) | 164.96 | ||
| MARKET PRICE PER SHARE (Rs.) [Ashad 31] | 800 | ||
| P/E RATIO (based on the price of Ashad 31, 2076) | 16.87 |
