First Microfinance first to publish Q2 quarterly report; earning rises by 18.86% to Rs 6.69 crore with Zero NPL

First Microfinance Laghubitta Bittya Sanstha (FMDBL) became the first listed companies in NEPSE to publish second quarterly report of FY 2076/77 with 18.86% profit growth.

According to the unaudited financial report for the second quarter, the microfinance has stated that its net profit increased to Rs 6.69 crore as compared to Rs 5.63 crore in the corresponding.

The borrowing of the microfinance has increased from Rs 4.57 arba in the corresponding quarter of the previous year to Rs 5.54 arba in the second quarter of the current fiscal year with 21.32% growth.

The net interest income has increased by 16.01% to Rs 10.58 crore from Rs 9.12 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs 10.60 crore.

First Microfinance’s paid-up capital stand at Rs 80.07 crore and its reserve & surplus stands at Rs 17.42 crore. The company average cost of funds decline to 10.60% in this quarter and its NPL is at Zero.

It’s annualized Earnings per Share (EPS) has increased slightly to Rs 16.72 from Rs 16.46 in the corresponding quarter of last fiscal year. The net worth per share stands is at Rs 121.77 and quarter end P/E ratio at Rs 24.82 times. The quarter end price of the stock is Rs 415.

Click here for Q2 report:

Major Highlights: