First Microfinance publishes the third quarter report; Profit surges by 26.71% with EPS at Rs 17.16

Sun, Apr 15, 2018 2:39 AM on Financial Analysis, Latest, Stock Market,

First Microfinance Laghubitta Bittiya Sanstha (FMDBL) has reported profit growth of 26.71 percent in the third quarter (Q3) of the current fiscal year 2074/75.

According to the unaudited financial report for the third quarter published today, the microfinance has stated that its net profit surged to Rs 7.30 crore in third quarter as compared to Rs 5.76 crore in the corresponding quarter of the last fiscal year 2073/74.

The microfinance company’s borrowing has increased from Rs 3.28 arba in the corresponding quarter of the previous year to Rs 3.78 arba in the third quarter of the ongoing fiscal year 2074/2075.

Its net interest income has also increased to Rs 12.03 crore in the Q3 up from Rs 9.06 crore compared to the corresponding quarter of the last fiscal year.

First Microfinance has paid up capital of Rs 56.78 crore and has reserve of Rs 14.44 crore.

FMDBL’s non-performing loan remains zero as stated by the latest financial report.

Its annualized Earning Per Share (EPS) stands at Rs 17.16, net worth per share at Rs.125.45 and P/E ratio at 30.30 times.

Highlights:

Particulars (In Rs '000)

FMDBL

Q3 2074/75

Q3 2073/74

Growth

Paid Up Capital

567,785

264,563

114.61%

Reserve & Surplus

144,476

99,834

44.72%

Deposits

-

-

-

Borrowings

3,784,382

3,287,311

15.12%

Loans & Advances

3,864,309

3,351,576

15.30%

Net Interest Income

120,302

95,116

26.48%

Provision for possible losses

4,640

7,460

-37.80%

Operating Profit

114,830

90,623

26.71%

Net Profit

73,073

57,669

26.71%

NPL (%)

0

0

-

Annualized EPS (In Rs.)

17.16

29.06

-40.96%

Net Worth per Share (In Rs.)

125.45

137.74

-8.92%

P/E Ratio (In times)

30.30

-

-