Aarambha Microfinance reports net profit of Rs.32.26 Lakhs for Q1; other indicators reflect steady growth

Aarambha Microfinance Bittiya Sanstha Limited (AMFI) has published its Q1 report of the fiscal year 2076/77 reporting a net profit of Rs.32.26 Lakhs. The profit of the company in Q1 2076/77 has increased decently compared to net loss of Rs.9.23 Lakhs in the corresponding quarter of the previous year.

The borrowings of the company has increased to Rs.36.01 Crore from Rs.27.34 Crore in Q1 2075/76. The microfinance company collected deposits of Rs.17.30 Crore and has floated loans of Rs.58.80 Crore in the Q1 2076/77.

The net interest income of the company has grown by 71.03%, from Rs.64.33 Lakhs to Rs.1.10 Crore till the first quarter. Operating profit has surges massively to Rs.50.69 Lakhs in the review period.

The Paid-Up capital and reserve of AMFI stands at Rs.6 Crore and Rs.1.18 Crore respectively. The annualized EPS and net worth per share stood at Rs.21.50 and Rs.119.77 respectively in Q1 2076/77. P/E ratio according to the report is 24.60 times.