Mero Microfinance Laghubitta Reports Impressive Growth In Major Financial Indicators In Q3
Thu, Apr 28, 2022 7:28 AM on Company Analysis, Latest,
Mero Microfinance Laghubitta Bittiya Sanstha (MERO) has published its third quarterly report of FY 2078/2079 with an increase in Net Profit by 15.20%. The company's net profit increased to Rs. 34.15 crores as compared to Rs. 29.65 crores in the corresponding quarter of the previous year.
The borrowing of the company has increased to Rs. 10.99 Arba by 10.16% while deposits have increased by 32.32% to Rs. 3.17 Arba in the current quarter. Similarly, the company has floated loans of Rs. 16.24 Arba till the third quarter of the fiscal year 2078/2079.
The net interest income of the company has increased by 41.60% compared to the corresponding quarter of the previous year and stood at Rs. 80.91 crores in Q3, 2078/2079.
Mero Microfinance's paid-up capital stood at Rs. 1.20 Arba with a reserve and surplus of Rs. 72.49 crores till the third quarter of the fiscal year 2078/2079.
Its annualized earnings per share (EPS) stood at Rs. 37.95 and net worth per share stood at Rs. 160.41. The company’s non-performing loan stood at 3.88%. The company traded at a PE multiple of 25.90 times till this quarter-end.
Major Highlights:
|
Particulars |
Mero Microfinance Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q3, 2078/2079 |
Q3, 2077/2078 |
Difference |
|
|
Paid-Up Capital |
1,200,000.00 |
1,000,000.00 |
20.00% |
|
Reserve & Surplus |
724,912.52 |
480,169.75 |
50.97% |
|
Deposits |
3,174,394.53 |
2,399,071.44 |
32.32% |
|
Borrowings |
10,997,614.39 |
9,982,903.09 |
10.16% |
|
Loans and Advances |
16,242,312.72 |
12,990,533.02 |
25.03% |
|
Net Interest Income |
809,151.80 |
571,438.59 |
41.60% |
|
Provision for possible losses |
12,283.82 |
29,206.98 |
- |
|
Operating Profit |
541,034.85 |
466,802.19 |
15.90% |
|
Write Back of provision for possible losses |
0.00 |
0.00 |
- |
|
Net Profit |
341,574.68 |
296,509.34 |
15.20% |
|
Capital Adequacy Ratio |
11.50% |
10.36% |
- |
|
NPL (%) |
3.88% |
1.70% |
- |
|
Cost of Fund (%) |
10.61% |
5.07% |
- |
|
Annualized EPS (In Rs.) |
37.95 |
29.65 |
28.00% |
|
Net Worth per share (In Rs.) |
160.41 |
148.02 |
8.37% |
|
Price to Earnings Ratio (times) |
25.90 |
- |
- |
