NMB Microfinance profit rises by staggering 183.65% in Q3; EPS stand at Rs. 59.35

NMB Microfinance Bittiya Sanstha Limited has reported 183.65 % growth in net profit for the third quarter of the current fiscal year 2072/73. Publishing the unaudited financial report for the third quarter today, the microfinance company has stated that its net profit rose to Rs 2.04 crore, up from Rs 72.18 lakh reported in the corresponding quarter of the previous fiscal year 2071/72. The microfinance has borrowings of Rs  83.46 crore in the Q3 compared to Rs 43.78 crore in the corresponding quarter last year. Likewise, it extended loans of Rs 82.85 crore, up from Rs 39.48 crore. NMB Microfinance’s net interest income has risen from Rs 2.54 crore in the corresponding quarter last year to Rs 5.61 crore in the third quarter of fiscal year 2072/73. It’s paid up capital remains at Rs 4.60 crore and has reserve of Rs 2.42 crore . The microfinance non-performing loan (NPL) has slightly declined from 1.30 % in the corresponding quarter to 0.07% in Q3. Its annualized Earning Per Share (EPS) now stands at Rs 59.35, net worth per share at Rs 152.76 and P/E ratio at 17.17 times.