ILFCO Microfinance profit up surges by 28.84% to Rs 35.07 lakh in Q3; EPS mere Rs 3.51

ILFCO Microfinance Bittiya Sanstha Limited (ILFCM) has posted a net profit increased by 28.84% for the third quarter (Q3) of the fiscal year 2072/73.The finance company’s  net profit rose to Rs.35.07 lakh in third quarter, up from Rs. 27.22 lakh as compared to the corresponding quarter of the previous fiscal year 2071/72. As per the unaudited financial report for the third quarter published today, the microfinance borrowings has slightly decreased from Rs 6 crore in the corresponding quarter to Rs 5.99 crore in Q3. It’s paid up capital remains at Rs.10 crore with reserve of Rs 69.82 lakh in Q3. The microfinance company has collected deposits of Rs.4.55 crore in Q3 increasing from Rs. 2.60 crore in the corresponding quarter of the previous fiscal year. It has floated loans of Rs.14.14 crore, up from Rs.9.52 arba in the corresponding quarter of the previous fiscal year. ILFCO’s net interest income has risen to Rs.1.67 crore in Q3 up from Rs.1.16 crore in the previous qurter. ILFCM’s non-performing loan  (NPL) increased to 1.23 % from 0.53 %. Its Earning Per Share (EPS)  remains at Rs 3.51, net worth per share is at Rs106.98 and P/E ratio at 336.40 times.