First Microfinance Laghubitta Posts Rs. 1.68 Crore Net Profit in Q1 FY 2082/83; Net Interest Income Drops 25.33%
Sun, Nov 9, 2025 10:41 AM on Latest, Financial Analysis, Company Analysis,
First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has reported a net profit of Rs. 1.68 crore in the first quarter of FY 2082/83, marking a 45.82% decline compared to Rs. 3.10 crore in the corresponding quarter of the previous fiscal year. Despite the drop in profit, the company witnessed an improvement in its cost efficiency as impairment charges turned negative by Rs. 75.28 lakh, reflecting a reversal of previous provisions.
The company’s net interest income fell by 25.33% to Rs. 4.48 crore, while operating profit also dropped to Rs. 2.40 crore from Rs. 4.44 crore in the same quarter last year. Loans and advances decreased by 12.85% to Rs. 5.30 arba, while borrowings fell by nearly 20% to Rs. 3.93 arba.
First Microfinance’s capital adequacy ratio improved to 30.66%, up from 22.69% in the previous year, indicating a stronger capital base. The non-performing loan (NPL) ratio slightly improved to 4.24%, while the cost of fund decreased significantly to 5.63% from 7.83%. The company’s earnings per share (EPS) stood at Rs. 5.01 and net worth per share at Rs. 132.54.
At the end of Q1 FY 2082/83, First Microfinance’s market price was Rs. 765, reflecting a price-to-earnings (P/E) ratio of 152.73 times.
Major Financial Highlights:
* Figures are of the Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | First Microfinance Laghubitta | ||
|---|---|---|---|
| Q1 2082/83 | Q1 2081/82 | Difference | |
| Paid Up Capital | 1,344,871.32 | 1,344,871.32* | 0.00% |
| Share Premium | 0.00 | 0.00 | - |
| Retained Earnings | 115,974.10 | 107,891.90* | 7.49% |
| Reserves | 321,709.31 | 312,950.98* | 2.80% |
| Borrowings | 3,930,220.49 | 4,909,681.17* | -19.95% |
| Loans and Advances | 5,308,081.77 | 6,090,792.57* | -12.85% |
| Net Interest Income | 44,841.81 | 60,052.74 | -25.33% |
| Personnel Expenses | 9,808.72 | 12,719.07 | -22.88% |
| Impairment Charges | -7,528.96 | 0.00 | - |
| Operating Profit | 24,057.90 | 44,400.46 | -45.82% |
| Net Profit | 16,840.53 | 31,080.32 | -45.82% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 115,722.53 | 134,374.88 | -13.88% |
| Capital Adequacy (%) | 30.66 | 22.69 | 35.13% |
| NPL (%) | 4.24 | 4.44 | -4.50% |
| Cost of Fund (%) | 5.63 | 7.83 | -28.10% |
| EPS (In Rs.) | 5.01 | 9.24 | -45.82% |
| Net Worth per Share (In Rs.) | 132.54 | 131.29 | 0.95% |
| Qtr end PE Ratio (times) | 152.73 | - | - |
| Qtr End Market Price | 765.00 | - | - |
