First Microfinance Laghubitta Reports Rise in Net Profit by 34.64% in Q2, Both Borrowings and Loans Decline
Sun, Jan 25, 2026 12:18 PM on Financial Analysis, Company Analysis, Latest,
First Microfinance Laghubitta Bittiya Sanstha (FMDBL) has published its second-quarter report of FY 2082/83 with a rise in Net Profit by 34.64%. As per the report, the net profit increased to Rs. 7.04 crore as compared to Rs. 5.23 crore in the corresponding quarter of the previous year.
The company’s paid-up capital stood at Rs. 1.34 arba, while reserves and surplus stood at Rs. 32.6 crores, up 6.06% compared to previous fiscal year. However, retained earnings declined by 39.39%, amounting to Rs. 5.47 crores compared to 9.03 crores in previous year.
During this period, the company reduced its borrowings by 17%, which now stands at Rs. 4.07 arba, compared to Rs. 4.90 arba in the previous year. Similarly, loans and advances to MFIs decreased by 22.79% to Rs. 4.67 arba. Also, net interest income dropped by 12.54% and totaled Rs. 9.74 crores. The company recorded a reversal of Rs. 3.47 crore compared to a impairment charges of Rs. 85.13 lakhs in the same period last year.
The company’s Capital Adequacy Ratio (CAR) improved to 32%, up from 25.21%. However, its Non-Performing Loan (NPL) ratio inched up to 4.52%, from 4.44% in the previous fiscal year. The cost of funds also improved significantly, declining by 24.65% to 5.38%.
The company’s Annualized Earnings Per Share (EPS) for the period stood at Rs. 10.47. The net worth per share remained steady at Rs. 128.31. The company’s Price-to-Earnings (P/E) ratio at the end of the quarter was 76.50 times, based on a market price of Rs. 801.1 per share.
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | First Microfinance Laghubitta Bittiya Sanstha Limited | ||
|---|---|---|---|
| Q2 2082/83 | Q2 2081/82 | Difference | |
| Paid Up Capital | 1,344,871.32 | 1,344,871.32* | - |
| Share Premium | - | - | - |
| Retained Earnings | 54,756.98 | 90,340.02* | -39.39% |
| Reserves | 326,003.87 | 307,385.49* | 6.06% |
| Borrowings | 4,075,097.40 | 4,909,681.17* | -17.00% |
| Loans and Advances to MFIs | 4,675,641.38 | 6,055,997.24* | -22.79% |
| Net Interest Income | 97,454.97 | 111,432.91 | -12.54% |
| Personal Expenses | 25,504.05 | 22,544.03 | 13.13% |
| Impairment Charges/(Reversal) for loans and advances | -34,726.10 | 8,513.47 | - |
| Operating Profit | 100,594.71 | 74,715.47 | 34.64% |
| Net Profit | 70,416.30 | 52,300.83 | 34.64% |
| Distributable Profit/(loss) after P/L Appropriation and Regulatory Adjustments | 47,511.97 | 39,455.52 | 20.42% |
| Capital Adequancy(%) | 32.00 | 25.21 | 26.93% |
| Non-Performing Loan | 4.52 | 4.44 | 1.80% |
| Cost of Fund | 5.38 | 7.14 | -24.65% |
| Annualized EPS (In Rs.) | 10.47 | 7.78 | 34.64% |
| Net Worth per Share (In Rs.) | 128.31 | 129.57 | -0.97% |
| Qtr end PE Ratio (times) | 76.50 | - | - |
| Qtr End Market Price | 801.1 | - | - |
