First Microfinance Development Bank Limited (FMDBL) has reported a impressive profit growth of 41.54% in the second quarter of the current fiscal year 2074/75.
According to the unaudited financial report for the second quarter published today, the microfinance has stated that its net profit surged to Rs 4.76 crore in second quarter as compared to Rs 3.36 crore in the corresponding quarter of the last fiscal year 2073/74.
The borrowing of the microfinance has decreased from Rs 3.69 arba in the corresponding quarter of the previous year to Rs 3.61 arba in the second quarter of the current fiscal year 2074/75.
Its net interest income has also increased to Rs 8.05 crore in the Q2 up from Rs 5.90 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs. 7.49 crore in Q2 of the ongoing fiscal year.
First Microfinance’s paid up capital stand at Rs 45.62 crore in 2
nd quarter of FY 74/75. FMDBL will be issuing 22.81 lakh units (50%) right shares worth Rs 22.81 crore to its existing shareholders at a face value of Rs 100 per share. Its paid up capital will reach to Rs 68.43 crore after 50% right share issue from existing Rs 45.62 crore.
Its reserve & surplus surges to Rs 11.93 crore in Q2 from Rs 7.59 crore in the corresponding quarter of last fiscal year.
Its annualized Earnings per Share (EPS) stands at Rs 20.91, net worth per share stands is at Rs 128.70 and P/E ratio at Rs 40.18 times.
Major Highlights:
| Particulars (In Rs '000) |
FMDBL |
| Q2 2074/75 |
Q2 2073/74 |
Growth |
| Paid Up Capital |
456,263 |
264,500 |
72.50% |
| Reserve & Surplus |
119,385 |
75,913 |
57.27% |
| Deposits |
- |
- |
- |
| Borrowings |
3,613,834 |
3,696,434 |
-2.23% |
| Loans & Advances |
3,715,098 |
3,241,246 |
14.62% |
| Net Interest Income |
80,520 |
59,024 |
36.42% |
| Provision for possible losses |
3,133 |
7,352 |
-57.39% |
| Operating Profit |
74,953 |
52,956 |
41.54% |
| Net Profit |
47,697 |
33,699 |
41.54% |
| NPL (%) |
0 |
0 |
- |
| Annualized EPS (In Rs.) |
20.91 |
25.48 |
-17.95% |
| Net Worth per Share (In Rs.) |
126.17 |
128.70 |
-1.97% |
| P/E Ratio (In times) |
40.18 |
- |
- |
Financial Report
