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First Microfinance first to publish Q1 quarterly report of FY 74/75; earning surges by 60.44% to Rs 2.41 crore

- ShareSansar, October 22, 2017  on Featured , Financial Analysis , Latest , Stock Market
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First Microfinance Development Bank Limited (FMDBL) has reported a impressive profit growth of 60.44% in the first quarter of the current fiscal year 2074/75.

According to the unaudited financial report for the first quarter published today, the microfinance has stated that its net profit surged to Rs 2.41 crore in first quarter as compared to Rs 1.50 crore in the corresponding quarter of the last fiscal year 2073/74.

The borrowing of the microfinance has increased from Rs 3.22 arba in the corresponding quarter of the previous year to Rs 3.52 arba in the first quarter of the current fiscal year 2074/75.

Its net interest income has also increased to Rs 4.08 crore in the Q1 up from Rs 2.65 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs. 3.79 crore in Q1 of the ongoing fiscal year.

First Microfinance’s paid up capital stand at Rs 45.62 crore in 1st quarter of FY 74/75. Its reserve & surplus surges to Rs 9.60 crore in Q1 from Rs 5.69 crore in the corresponding quarter of last fiscal year.

It’s Earnings per Share (EPS) stands at Rs 25.15, net worth per share stands is at Rs 121.05 and P/E ratio at Rs 39.75 times.

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