National Microfinance earns Rs 6 crores in the first nine months; YoY growth of 7.52% in Net Profit

As per the 3rd quarter of National Microfinance, the company has earned a net profit of Rs 6 crores, which is merely 7.52% more then that earned in the corresponding quarter of the previous fiscal year. The company had previously earned Rs 5.58 crores. The per share earning of National Microfinance stands at Rs 66.58. 

The interest expense of the company has almost doubled, which has limited the rise in Net Interest Income and ultimately Net profit. The company's Net Interest Income surged by 17.46% to Rs 12.13 crores. The staff expense of the company in the review period stood at massive Rs 4.82 crores. This is nearly 51% higher then the previous year. 

National Microfinance has a paid up capital of Rs 12.03 crores with a mighty reserve of Rs 14.53 crores. Net worth per share of the company is Rs 220.76. The company's borrowing surged to Rs 1.53 arba from Rs 1.24 arba last year. Similarly, deposit increased tremendously to Rs 60.83 crores from Rs 24.30 crores. 

 

Positive Sides:   

• Exciting per share earning of Rs 66.58 
• Hefty reserve.
• Low Non performing loan.

Negative Sides:

• Significant Increase in Staff Expense.
• Slow growth in Net Profit.
• Rising Interest Expense.
• CAR at 12.16%

Key Indicators

    Earning Per Share    : Rs 66.58

    Net worth Per Share : Rs 220.76

   P/E Ratio                    : 30.05 times

   P/B Ratio                    : 9.06 times