Mahila Sahayatra Q1 earning surges by 76%; NPL rises by 7 times

Mahila Sahayatra Microfinance Bittiya Sanstha Limited  (MSMBS ) has reported 76% growth in net profit for the first quarter of the current fiscal year 2072/73. Publishing the unaudited financial report for the first quarter today, the microfinance has stated that its net profit rose to Rs 16.58 lakh, up from Rs 9.42 crore reported in the corresponding quarter of the previous fiscal year 2071/72. The microfinance has collected deposits of Rs2.26  crore in the 1st quarter compared to Rs. 78.93 lakhs in the corresponding quarter last year. Likewise, it extended loans of Rs 19.12 crore , up from Rs 12.38 crore.  It has borrowings of Rs 18.28. MahilaSahayatra’snet interest income has declined from Rs 89.27 lakh in the corresponding quarter last year to Rs.77.12 lakh in the first quarter of 2072/73. It posted an operating profit of Rs26.05 lakh and paid up capital remains at Rs 11 crore in Q1. The microfinance NPL has risen from 0.46% in in the corresponding quarter to 3.82% in Q1. This is an increase of 730% as compared to the corresponding quarter of last fiscal year. Its EPS now stands at Rs 2.59, net worth per share at Rs 156.16, and P/E ratio at 27.02 times.