First Microfinance's reported a decrement of an EPS by more than 36% in Q1 report of fiscal year 2075/2076; Know the details of Q1 report

First Microfinance Laghubitta Bittya Sanstha(FMDBL) has reported a negative profit growth of 4.4 % in the first quarter of the current fiscal year 2075/76.

According to the unaudited financial report for the first quarter published today, the microfinance has stated that its net profit decreased to Rs 2.3 crore in the first quarter as compared to Rs 2.41 crore in the corresponding quarter of the last fiscal year (2074/75).

The borrowing of the microfinance has increased from Rs 3.52 arba in the corresponding quarter of the previous year to Rs 4.13 arba in the first quarter of the current fiscal year.

However, the net interest income has decreased to Rs 3.7 crore in the Q1 of fiscal year 2075/2076 from Rs 4.08 crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs. 3.62 crore in Q1 of the ongoing fiscal year.

First Microfinance’s paid-up capital stand at Rs 68.43 crore in the 1^st quarter of FY 75/76. Its reserve & surplus surges to Rs 12.12 crore in Q1 from Rs 9.60 crore in the corresponding quarter of last fiscal year. The company average cost of funds has increased to 10.72% from 9.44% in this quarter compared to the corresponding quarter of last fiscal year.

It’s annualized Earnings per Share (EPS)  has decreased by more than 36.26% to Rs 13.48 from Rs 21.15 in the corresponding quarter of last fiscal year. Net worth per share stands is at Rs 117.71 and P/E ratio at Rs 29.22 times.

The LTP of the Stock is Rs 401.

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