NMB Microfinance net profit mounts by 106.77% in Q1; EPS at Rs 43.94

NMB Microfinance Bittiya Sanstha Limited has posted outstanding profit increase by 106.77 percent in first quarter of the fiscal year 2073/74. According to the unaudited financial report published by the microfinance company today, its net profit surged to Rs 94.85 lakh in first quarter up from Rs. 45.87 lakh in the corresponding quarter of the previous fiscal year 2072/73. NMB Microfinance net interest income has also increased to Rs 3.09 crore in Q1 as compared to Rs 1.60 crore in the corresponding quarter. It’s paid up capital remains at Rs 8.63 crore and reserve at Rs 3.10 crore. The microfinance company’s borrowings reached to Rs 1 arba in Q1 from Rs 65.97 crore in the corresponding quarter of previous fiscal year. Likewise, it has collected deposits of Rs 23.31 crore and extended loans and advances of Rs 1.05 arba in Q1 .The deposits and loan amount stood at Rs 10.89 crore and Rs 54.99 crore respectively in the corresponding quarter of previous fiscal year. Its non-performing loan (NPL) stands at 1.04%. Annualized Earnings per Share of the bank stood at Rs 43.94, net worth per share is at Rs 135.94 and annualized P/E ratio at 94.12 times.