Like always First Microfinance 1st to publish quarterly report, FY 72/73 Q3 profit surged by 56.07%

First Microfinance Development Bank Limited (FMDBL) has reported a huge profit growth of 56.07  percent in the third quarter of the current fiscal year 2072/73. According to the unaudited financial report for the third quarter published today, the Microfinance has stated that its net profit surged to Rs 3.80 crore in third quarter as compared to Rs  2.43 crore in the corresponding quarter of the last fiscal year 2071/72. The microfinance borrowing has increased from Rs  1.96 arba in the corresponding quarter of the previous year to Rs  2.61 arba in the third quarter of the current fiscal year 2072/2073. Its net interest income has also increased to Rs 6.53  crore in the Q3 up from Rs 4.96 crore compared to the corresponding quarter of the last fiscal year. The bank has an operating profit of Rs. 5.97 crore in Q3 of the ongoing fiscal year. First Microfinance paid up capital have also increased to Rs 23 crore in this third quarter, up from Rs 15.55 crore in the previous FY report.