Mero Microfinance Bittiya Sanstha has published its first quarter report of FY 2075/76. It has reported increased in net profit by 44.10%.
As per the published report, the microfinance has reported surged in net profit to Rs.2.70 crore in this Q1 from Rs.1.90 crore in the corresponding quarter of last fiscal year 2074/75.
It has deposit collection of Rs. 84.95 crore and borrowing of Rs.2.67 arba. It had extended in loan & advances of Rs. 3.69 arba. Deposit collection grown by 53.64% & loan expansion increased by 42.31%.
Its net interest income increased to Rs 7.09 crore from Rs.5.20 crore in the last corresponding quarter. It has operating profit of Rs.4.25 crore from Rs.2.94 crore in the last year. Operating profit increased by 44.45%.
Its paid up capital is Rs.32.89 crore with reserves fund of Rs.10.41 crore. The AGM of company has passed to float 100% right share.
Its non performing loan (NPL) stands at 1.48%.
Annualized earning per share is Rs.33.33, net worth per share is Rs.131.67 and PE ratio stands at 32.4 times.
