Womi Microfinance net profit mounts by 11.89 % in Q1; EPS at Rs 58.52, NPL rises to 1.94

Womi Microfinance Bittiya Sanstha Limited (WOMI) has posted meager profit increase by 11.89 percent in first quarter of the fiscal year 2073/74. According to the unaudited financial report published by the microfinance company today, its net profit surged to Rs 52.67 lakh in first quarter up from Rs. 47.07 lakh in the corresponding quarter of the previous fiscal year 2072/73. Womi Microfinance net interest income has also increased to Rs 1.35 crore in Q1 as compared to Rs 1.14 crore in the corresponding quarter. It’s paid up capital including proposed bonus share remains at Rs 4.68 crore and reserve at Rs 1.83 crore. The microfinance company’s borrowings reached to Rs 22.50 crore in Q1 from Rs 25.23 crore in the corresponding quarter of the previous fiscal year. Likewise, it has collected deposits of Rs 15.83 crore and extended loans and advances of Rs 44.11crore in Q1 .The deposits and loan amount stood at Rs 7.84 crore and Rs 36.78 crore respectively in the corresponding quarter of previous fiscal year. Its non-performing loan (NPL) has increased to 1.94% from nil. Earnings per Share of the microfinance company stood at Rs 58.52, net worth per share at Rs 181.02 and P/E ratio at 26.29 times.