ILFCO, Mahila Sahayatra & Swarojgar Microfinance reports 43.53%, 23.98% and 7.65% growth in net profit respectively

ILFCO Microfinance (ILFCM) has registered a net profit growth of 43.53% in the second quarter of the current FY 2073/74. According to the unaudited financial report published by the microfinance today, its net profit has increased to Rs 33.70 lakh in second quarter, up from Rs 23.49 lakh in the corresponding quarter of the previous fiscal year. ILFCM’s net interest income has risen to Rs 1.69 crore in Q2 as compared to Rs. 1.10 crore The microfinance has collected deposits of Rs 7.71 crore whereas borrowed Rs 12 crore till the end Q2. Likewise, it has extended loans and advances of Rs 23.00 crore, whereas in the same period last year, the figure stood at Rs 12.84 crore. ILFCM’s annualized Earnings per Share (EPS) now stands at Rs 13.48, net worth of Rs 107.13 per share and P/E ratio at 50.22 times. It had distributed a stock dividend of 5% for the FY 2072/73, after which its paid up capital will reach Rs 10.50 crore.   Likewise, Mahila Sahayatra Microfinance Bittiya Sanstha (MSMBS) has shown a growth of 23.98% in the net profit in the second quarter of the ongoing fiscal year. The net profit has grown to Rs 45.79 lakh from Rs 36.93 lakh. It has a paid up capital of Rs 11 crore and reserve of Rs 2.21 crore. The microfinance now has an EPS of Rs 8.33 and net worth per share of Rs 110. The P/E ratio is 79.86 times. It’s 4^th AGM had endorsed a bonus share of 10%, which will take its capital to Rs 12.1 crore.   Sworojgar Laghubitta Bikas Bank (SLBBL), on the other hand, has shown a meager growth of 7.65%. Its net profit has rose only slightly to Rs 1.42 crore from Rs 1.32 crore in the corresponding quarter last year. The EPS of Swarojgar Laghubitta Bikas Bank stands at Rs 40.7 per share, and P/E ratio of 41.77 times. It has a Net worth of Rs 145.53 per share. Its AGM had endorsed a bonus share of 30.4% and right share of 50%. After the issuance of bonus and right shares, its paid up capital will increase to Rs 10.49 crore.