Womi Laghubitta reports growth in net profit by 70% for Q1; other indicators reflect strong performance

Womi Laghubitta Bittiya Sanstha Limited (WOMI) has reported an outstanding rise of 69.25% in net profit for the first quarter of the fiscal year 2076/77.

Publishing the unaudited financial report for the first quarter today, the micro-finance company has stated that its net profit rose to Rs.1.83 Crore up from Rs.1.08 Crore.

The micro-finance has borrowings of Rs.99.41 Crore. Likewise, it extended loans of Rs.2.03 Arba, up from Rs.1.37 Arba.  It has collected deposits of Rs.67.61 Crore in the first quarter of the fiscal year 2076/77.

It has paid up capital of Rs.19.59 Crore with reserve of Rs.15.18 Crore as on Q1. It has posted an operating profit of Rs.2.92 Crore, up from Rs.1.70 Crore in corresponding quarter.

The micro-finance’s non-performing loan (NPL) stood at 0.59% in the corresponding quarter, remaining unchanged from the previous year.

Its Earning per Share (EPS) stands at Rs.37.55, net worth per share at Rs.177.49 and P/E ratio at 30.04 times.

*Womi Laghubitta Bittiya Sanstha Limited is in merger with Nagarik Laghubitta Sanstha Limited. Due to this stock trading in NEPSE of WOMI is in halt since Falgun 26, 2075. Nepal Rastra Bank (NRB) has already provided the Letter of Intent (LOI) to the merger between Womi Microfinance Bittiya Sanstha and Nagarik Laghubitta Bittiya Sanstha.