Unnati Microfinanace reports a profit of Rs 84.51 lakhs

Unnati Microfinance Bittiya Sanstha Limited (UMB) has reported increase in profit of 87.36% in the first quarter of the fiscal year 2075/76.

According to the unaudited financial report for the first quarter published today, the microfinance has stated that its net profit increased to Rs 84.51 lakhs in first quarter as compared to Rs 45.10 lakhs in the corresponding quarter of the first fiscal year 2074/75.

Its deposits have increased to reach Rs 38.64 crore in the first quarter of the fiscal year 2075/76 from Rs 19.12 crore in the corresponding quarter of the previous fiscal year. It has floated loans of Rs 1.13 arba in the first quarter of fiscal year 2075/76.

The borrowing of the microfinance has increased from Rs 61.60 crore in the corresponding quarter of the previous year to Rs 1.07 arba in the first quarter of the fiscal year 2075/76.

Its net interest income has also increased to Rs 2.36 crore in the Q1 up from Rs 1.39 crore compared to the corresponding quarter of the last fiscal year.

Unnati Microfinance’s paid up capital stand at Rs 5.50 crore and reserve and surplus is Rs 4.35 crore in first quarter of FY 2075/76.

It’s annualized Earnings per Share (EPS) stands at Rs 61.46 and net worth per share stands is at Rs 179.22.

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