Kisan microfinance registers an increase in its net profit to Rs 85.48 lakh with an EPS of Rs 45 and net worth at Rs 130

Kisan Microfinance Bittiya Sanstha Limited (KMFL) has shown rise in the first quarter (Q1) of the fiscal year 2075/76.

Publishing the unaudited financial report for the first quarter yesterday, the microfinance company stated that its net profit increased to Rs 85.48 lakhs in the Q1 of fiscal year 2075/76, up from Rs 12.11 lakh in the corresponding period of the previous fiscal year 2074/75.

Its net interest income has also increased from Rs 1.54 crore in corresponding quarter to Rs 2.24 crore in the first quarter.

Its paid up capital remains at Rs 7.64 crore with reserve of Rs 2.29 crore in Q1.

The company has borrowings of Rs 90.33 crore in the first quarter, up from Rs 66.20 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 1.19 arba in Q1 whereas in the same period last year the figure stood at Rs 68.59 crore.

Its annualized earning per share (EPS) stands at Rs 45 and net worth per share at Rs 130.