Mirmire Laghubitta's borrowing amount to Rs 1.06 arba in the fourth quarter; Net worth per share stands at Rs 173.75

Mirmire Laghubitta Bittiya Sanstha Limited ( MMFDB ) has published unaudited financial report for the fourth quarter today. It has stated that net profit has significantly increased to Rs 3.04 crore from Rs 1.89 crore reported in the corresponding quarter of the previous fiscal year 2073/74.

The microfinance has borrowings of Rs 1.06 arba.  Likewise, it extended loans of Rs 1.42 arba from Rs 81.17 crore. It has collected deposits of Rs 41.00 crore in the last quarter of the fiscal year 2074/75. It has paid up capital of Rs 8.95 crore with reserve of Rs 6.60 crore in Q4.

Net Interest income is the primary source of income for microfinance. MMFDB’s net interest income has considerably increased from Rs 7.12 crore in the corresponding quarter last year to Rs 7.93 crore in the fourth quarter of fiscal year 2074/75. Its operating profit has increased to Rs 3.67 crore in Q4, from Rs 2.49 crore in corresponding quarter.

Earnings per Share (EPS)stands at Rs 34. The microfinance’s non-performing loan (NPL) has reduced to 0.69%  in the fourth quarter. Currently, Net worth per share stands at Rs 173.75 and P/E ratio at 29.52 times.