Mero Microfinance Laghubitta Bittiya Sanstha has published First quarter report of Fiscal Year 2076/77. Net profit surged by 55.92% in the comparing period.
As per the published report, the microfinance company has reported surge in net profit to Rs.4.27 crore in this Q1 of Fiscal year 2076/77 from Rs.2.74 crore in the same period of fiscal year 2075/76.
It has borrowed Rs 3.00 arba and collected deposit of Rs.1.31 arba in this period. It had floated loan & advances of Rs. 4.88 arba in this first quarter which was Rs.3.64 arba in Q1 of FY 2075/76.
Its net interest income increased to Rs.11.97 crore in Q1 from Rs 7.09 crore in the last corresponding quarter of FY 2075/76.
Likewise, Operating profit increased to Rs.5.76 crore from the operating profit of Rs.4.25 crore in the FY 2074/75
Its paid up capital is Rs.65.78 crore with reserves of Rs.42.65 crore. Reserve fund increased by 309% and paid up capital by 100%.
Its non performing loan (NPL) increased to 1.60% from 1.48%. Cost of fund stands at 9.24% and capital adequacy at 20.99%.
Annualized earning per share (EPS) stands at Rs 25.98, Net worth per share at Rs.164.84 and PE ratio at 21.17 times.
