First Microfinance Development Bank Limited (FMDBL) has reported a profit growth of 43.55% in the second quarter of the current fiscal year 2073/74.
According to the unaudited financial report for the second quarter published today, the microfinance has stated that its net profit surged to Rs 3.36 crore in second quarter as compared to Rs 2.34 crore in the corresponding quarter of the last fiscal year 2072/73.
The borrowings of the microfinance has increased from Rs 2.34 arba in the corresponding quarter of the previous year to Rs 3.34 arba in the second quarter of the current fiscal year 2073/2074.
Its net interest income has also increased to Rs 5.90 crore in the Q2 up from Rs 4.23 crore compared to the corresponding quarter of the last fiscal year. The bank has an operating profit of Rs. 5.29 crore in Q2 of the ongoing fiscal year.
First Microfinance’s paid up capital has also increased to Rs 26.45 crore in this second quarter, up from Rs 23 crore in the previous FY report.
Its annualized EPS stands at Rs 25.48 and its net worth per share stands at Rs 128.70.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
264,500.00 |
230,000.00 |
15.00% |
| Reserve and Surplus |
75,913.00 |
47,343.00 |
60.35% |
| Borrowings |
3,341,513.00 |
2,348,043.00 |
42.31% |
| Loans and Advances |
3,241,246.00 |
2,637,295.00 |
22.90% |
| Net Interest Income |
59,024.00 |
42,365.00 |
39.32% |
| Provision |
7,352.00 |
2,625.00 |
|
| Operating Profit |
52,956.00 |
36,888.00 |
43.56% |
| Net Profit |
33,699.00 |
23,474.00 |
43.56% |
| Capital Adequacy Ratio |
11.04% |
12.40% |
|
| NPL |
0 |
0 |
|
| Average Cost of Fund |
4.97% |
3.70% |
|
| EPS |
25.48 |
20.41 |
24.84% |
| P/E Ratio (Times |
34.65 |
|
|
| Net worth |
128.7 |
|
|
