Summit Micro Finance  net profit upswings by   45.08 % ; Kalika Micro Credit earns Rs 1.13 crore in Q2

Summit Micro Finance Development Bank Limited (SMFDB) has reported a net profit of Rs 1.67 crore for the second quarter of the fiscal year 2072/73. The net profit increased by 45.08 % in Q2 of FY 2072/73 as compared to the net profit of the corresponding quarter of the previous fiscal year. Publishing the unaudited financial report for the second quarter , the microfinance company has stated that its borrowings doubled to Rs 44.04 crore increasing from Rs 22.92 crore as compared in the corresponding quarter of the previous fiscal year 2071/72. Summit Micro Finance has collected deposit amount of Rs 27.66 crore  and mobilized loans of Rs 65.67 crore in Q2. The microfinance company’s net interest income increased to Rs 4.23 crore from Rs2.74 crore in the Q2 of FY 2072/73.Its operating profit increased to Rs 2.63 crore . Summit Micro Finance’s paid up capital remains Rs 5crore with reserve of Rs 4.80 crore in Q2. Its Non Performing Loan dropped to 0.28% from 0.59%. Its net worth per share at Rs 196.12, and P/E ratio at 43.61 times. Kalika Microcredit Development Bank  Limited (KMCDB) has posted a net profit of Rs 1.13 crore for the second quarter of the fiscal year 2072/73. The net profit lowered by 31.25 % in this Q2 as compared to the net profit of the corresponding quarter of the previous fiscal year. Publishing the unaudited financial report for the second quarter , the microfinance company has stated that its borrowings reached to Rs 20.53 crore in this quarter. The figure stood at Rs 26.23 crore in the corresponding quarter of the previous fiscal year. Kalika Microcredit has deposit amount of Rs 17.06 crore  up from Rs 10.16 crore and mobilized loans of Rs 39.28 crore increasing from Rs 29.16 crore in Q2. The microfinance company’s net interest income increased to Rs 4.23 crore from Rs2.74 crore in the Q2 of FY 2072/73.Its operating profit increased to Rs 2.63 crore . Kalika Microcredit has paid up capital of Rs 5crore with reserve of Rs 5.53 crore in Q2. Its Non Performing Loan increased to 1.08% from 0.86%. Its EPS now stands at Rs 45.56, net worth per share at Rs 210.63, and P/E ratio at 33.36 times.