Mirmire Microfinance & Swabalamban Laghubitta earn Rs 1.21 crore & Rs 20.50 crore respectively in Q3

Mirmire Microfinance Development Bank Limited (MMFDB) has reported a profit rise of 50.5 percent in the third quarter of the fiscal year 2073/74. Publishing the unaudited financial report for the third quarter today, the microfinance company has posted that its net profit rose to Rs 1.21 crore in Q3, up from Rs 80.98 lakh as compared in the corresponding quarter of the previous fiscal year 2072/73. The microfinance has borrowings of Rs 54.35 crore in Q3 compared to Rs 27.48 crore in the corresponding quarter last year. Likewise, it disbursed loans of Rs 74.20 crore in Q3 this year, up from Rs 32.91 crore last year. Mirmire Mirofinance’s net interest income has risen from Rs 2.63 crore to Rs 4.83 crore in the third quarter of 2073/74. It has posted an operating profit of Rs 16.63 crore in Q3. MMFDB has a paid up capital of Rs 3 crore and has Rs 3.08 crore in reserve and surplus.  Its non-performing loan has declined from 2.25% in Q3 to 1.24% in corresponding quarter. Its EPS (annualized) now stands at Rs 54.18, net worth per share at Rs 202.81, and P/E ratio at 50.08 percent. Likewise, Swabalamban Laghubitta Bikas Bank Limited (SWBBL) has reported negligible rise in net profit of 2.80 percent in the third quarter (Q3) of the current fiscal year 2073/74. According to the unaudited financial report for the third quarter published today, the microfinance has stated that its net profit surged to Rs 20.50 crore in third quarter as compared to Rs 19.94 crore in the corresponding quarter of the last fiscal year 2072/73. The microfinance company’s borrowing has increased from Rs 3.07 arba in the corresponding quarter of the previous year to Rs 3.63 arba in the third quarter of the ongoing fiscal year 2073/2074. Its net interest income has also increased to Rs 71.67 crore in the Q3 up from Rs 62.50 crore compared to the corresponding quarter of the last fiscal year. Swabhalamban Laghubitta has paid up capital of Rs 41.89 crore and has reserve of Rs 67.61 crore. Its non-performing loan (NPL) has also slightly decreased to 0.72% in Q3 from 1.77% in the previous quarter. Swabalamban Laghubitta annualized Earning Per Share (EPS) stands at Rs. 65.27, net worth per share at Rs. 261, and P/E ratio at 30.72 times.