First Microfinance has published its 2nd quarter report of this FY 2074/75. This wholesale microfinance has again become the first company to publish its quarterly report.
As per the report published, First Microfinance has earned a net profit of Rs 4.76 crore as profit of the corresponding quarter of last fiscal year was Rs 3.36 crore. First Microfinance is able to hike its net profit by 41.5% throughout the period.
The company is able to increases reserve & surplus by 57.27% & reduces borrowing by 2.23%.
The operational profit of company rose to Rs. 7.49crore from Rs. 5.29 crore of corresponding quarter. Means increased by 41.53%.
The net interest income of company increases by 36.42%.
Annualized EPS & Net worth is 20.91 & 126.17 respectively. A Minor decline in EPS & Net worth per share is seen. Price to earning ratio is 40.18.
Being a wholesale microfinance, MFDBL needed to increase its paid up capital to Rs 60 crore. First microfinance is in a process to float a right share of 50%. After the right adjustment capital will reach to Rs 68.43 crore.
Report’s Highlights:
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