Mirmire Microfinance records massive profit growth of 136.57% in Q2; LTP stood at Rs 3038
Tue, Feb 9, 2016 3:45 PM on Latest, Financial Analysis, Featured, Stock Market,
Mirmire Microfinance Development Bank Limited (MMFDB) has posted massive net profit growth of 136.57% for the second quarter of the current fiscal year 2072/73.
As per the unaudited financial report for the second quarter, the development bank has stated that its net profit rose to Rs.55.93 lakh up from Rs. 23.64 lakh as compared to the corresponding quarter of the previous fiscal year 2071/72.
Mirmire Microfinance’s borrowing increased to Rs 22.45 crore in Q2 from Rs 14.43 crore. Micro finance company’s net interest income doubled to Rs. 1.69 crore from Rs.78.76 lakh in the second quarter of 2072/73.
Its operating profit has also increased to Rs 85.15 lakh from Rs 27.92 lakh.
The microfinance has collected deposits of Rs.5 crore in the second quarter compared to Rs 2.02 crore in the corresponding quarter last year. It has disbursed loans of Rs.27.01 crore, increasing from Rs.17.02 crore.
It’s paid up capital remains at Rs.2 crore with reserve and surplus amount Rs.1.54 crore in Q2.
MMFDB’s NPL decreased to 2.43 % from 2.90% in Q2. Its annualized EPS stands at Rs 55.94 net worth per share at 177 and P/E ratio at 44.74 times. The last traded price of MMFDB stood at Rs 3038/unit on February 08, 2016.
Mirmire Microfinance’s borrowing increased to Rs 22.45 crore in Q2 from Rs 14.43 crore. Micro finance company’s net interest income doubled to Rs. 1.69 crore from Rs.78.76 lakh in the second quarter of 2072/73.
Its operating profit has also increased to Rs 85.15 lakh from Rs 27.92 lakh.
The microfinance has collected deposits of Rs.5 crore in the second quarter compared to Rs 2.02 crore in the corresponding quarter last year. It has disbursed loans of Rs.27.01 crore, increasing from Rs.17.02 crore.
It’s paid up capital remains at Rs.2 crore with reserve and surplus amount Rs.1.54 crore in Q2.
MMFDB’s NPL decreased to 2.43 % from 2.90% in Q2. Its annualized EPS stands at Rs 55.94 net worth per share at 177 and P/E ratio at 44.74 times. The last traded price of MMFDB stood at Rs 3038/unit on February 08, 2016.
