Reliable Microfinance profit rises by staggering 170.61%; paid up capital stand at Rs 5.65 crore
Tue, Jan 26, 2016 12:52 PM on Latest, Financial Analysis, Featured, Stock Market,
Reliable Microfinance Bittiya Sanstha Limited (RMFL) has reported 170.61 percent growth in net profit for the second quarter of the current fiscal year 2072/73.
Publishing the unaudited financial report for the second quarter today, the development bank has stated that its net profit rose to Rs 99.47 lakh in Q2, up from Rs 36.75 lakh reported in the corresponding quarter of the previous fiscal year 2071/72. The development bank has collected deposits of Rs 5.41 crore in the 2nd quarter compared to Rs 2.13 crore in the corresponding quarter last year. Likewise, it extended loans of Rs 32.78 crore, up from Rs 16.51 crore. It has borrowings of Rs 32.34 crore. Reliable Microfinance net interest income has risen from Rs 1.01crore in the corresponding quarter last year to Rs 1.91 crore in the second quarter of 2072/73.
It posted an operating profit of Rs 1.56 crore and paid up capital remains at Rs 5.65 crore in Q2. The microfinance’s Non-Performing Loan (NPL) has inclined from 0.01% in the corresponding quarter of last fiscal year to 0.19% in Q2 of FY 2072/73.
EPS now stands at Rs 35.21 , net worth per share at Rs 122.74, and P/E ratio at 12.27 times.
