First Microfinance's profit surges by 18%; EPS reported as Rs 16.46 in Q2

First Microfinance Laghubitta Bittya Sanstha(FMDBL) has reported a profit growth of 18.07% in the second quarter of the current fiscal year 2075/76.

According to the unaudited financial report for the second quarter published today, the microfinance has stated that its net profit increased to Rs 5.63 crore in the second quarter as compared to Rs 4.76 crore in the corresponding quarter of the last fiscal year (2074/75).

The borrowing of the microfinance has increased from Rs 3.71 arba in the corresponding quarter of the previous year to Rs 4.68 arba in the second quarter of the current fiscal year.

However, the net interest income has increased to Rs 9.12 crore in the Q2 of fiscal year 2075/2076 from Rs 8.05 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs. 8.84 crore in Q2 of the ongoing fiscal year.

First Microfinance’s paid-up capital stand at Rs 68.43 crore in the 2nd quarter of FY 75/76. Its reserve & surplus surges to Rs 15.30 crore in Q2 from Rs 11.93 crore in the corresponding quarter of last fiscal year. 

It’s annualized Earnings per Share (EPS)  has decreased by more than 21% to Rs 16.46 from Rs 20.91 in the corresponding quarter of last fiscal year. Net worth per share stands is at Rs 122.36 and P/E ratio at Rs 22.85 times.