Reliable Microfinance Bittiya Sanstha Limited (RMFL) has posted rise in net profit by 3.78 percent in the second quarter (Q2) of the current fiscal year 2074/75.
Publishing the unaudited financial report for the second quarter today, the microfinance company stated that its net profit rise to Rs 74.70 lakh in the Q2 of current fiscal year 2074/75, up from Rs 71.98 lakh in the corresponding period of the previous fiscal year 2073/74.
Its net interest income has risen from Rs 2.51 crore in corresponding quarter to Rs 2.58 crore in the second quarter.
Its paid up capital remains at Rs 9.60 crore (including 50% right and 20% bonus shares from the net profit of FY 2073/74) with reserve of Rs 2.23 crore in Q2.
The company has borrowings of Rs 61.66 crore in the second quarter, up from Rs 38.29 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 66.31 arba in Q2 whereas in the same period last year the figure stood at Rs 39.91 crore.
Its non-performing loan (NPL) has decreased to 1.3% in Q2 from 1.88% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 15.55, net worth per share at Rs 123.28 and the P/E ratio at 100.28 times.
Major Highlights:
| Particulars (In Rs '000) |
RMFL |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
96,050 |
56,500 |
70.00% |
| Reserve & Surplus |
22,365 |
17,473 |
28.00% |
| Deposits |
241,421 |
119,248 |
102.45% |
| Borrowings |
616,680 |
382,908 |
61.05% |
| Loans & Advances |
663,172 |
399,079 |
66.18% |
| Net Interest Income |
25,158 |
25,819 |
-2.56% |
| Provision for possible losses |
2,120 |
3,255 |
-34.87% |
| Operating Profit |
9,584 |
11,311 |
-15.27% |
| Net Profit |
7,470 |
7,198 |
3.78% |
| NPL (%) |
1.3 |
1.88 |
-30.85% |
| Annualized EPS (In Rs.) |
15.55 |
25.48 |
-38.95% |
| Net Worth per Share (In Rs.) |
123.28 |
130.93 |
-5.84% |
| P/E Ratio (In times) |
100.28 |
- |
- |
Quarterly Report:
