Mirmire Microfinance Development Bank (MMFDB) has registered a net profit growth of 50.21% in the second quarter of the current FY 2073/74.
According to the unaudited financial report published by the microfinance today, its net profit has increased to Rs 84.02 lakh in second quarter, up from Rs 55.93 lakh crore in the corresponding quarter of the previous fiscal year.
MMFDB’s net interest income has risen to Rs 3.26 crore in Q2 as compared to Rs. 1.69 crore in the corresponding quarter of the last fiscal year.
As of Q2, it has a paid up capital of Rs 3 crore with a reserve of Rs 2.36 crore.
The bank has borrowed Rs 49.63 crore in Q2. Likewise, it has extended loans and advances of Rs. 58.06 crore in Q2 whereas in the same period last year, the figure stood at Rs 27.01 crore.
MMFDB’s annualized Earnings per Share (EPS) has increased by 0.14% to Rs 56.02. Its net worth now stands at Rs 178.88 per share.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
30,000.00 |
20,000.00 |
50.00% |
| Reserve and Surplus |
23,664.06 |
15,433.16 |
53.33% |
| Borrowings |
496,373.28 |
224,587.46 |
121.02% |
| Loans and Advances |
580,606.44 |
270,172.72 |
114.90% |
| Net Interest Income |
32,697.93 |
16,909.56 |
93.31% |
| Provision |
4,714.79 |
1,813.16 |
160.03% |
| Write Back |
1,828.06 |
275.17 |
564.34% |
| Operating Profit |
11,376.15 |
8,515.32 |
33.60% |
| Net Profit |
8,402.68 |
5,593.95 |
50.21% |
| Capital Adequacy Ratio |
8.60% |
12.91% |
- |
| NPL |
0.00% |
0.00% |
- |
| Cost of Fund |
7.30% |
6.12% |
- |
| CD Ratio (as per NRB) |
84.96% |
87.12% |
- |
| EPS (Annualized) |
56.02 |
55.94 |
0.14% |
| Networth Per Share |
178.88 |
177.17 |
|
